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Bilibili Newsroom
Hong Kong stocks midday report: The three major indices all rose, the technology index rose nearly 1%; golden industrial concept strengthened, Chinagoldintl soared over 9%.
Network technology stocks fluctuate, Xiaomi Group-W down by 3.12%, Kuaishou-W up by 2.50%; Nonferrous metals stocks are on the rise, sd gold up by 5.22%, zijin mining group up by 5.11%; Apple supplier stocks perform well, fih up by 5.75%, BYD Electronics up by 4.04%.
Barclays Maintains Bilibili(BILI.US) With Buy Rating, Maintains Target Price $24
Hong Kong stock abnormality | Bilibili-W (09626) rose more than 3%, strong game performance in the third quarter exceeded expectations. The total channel revenue of 'Three Strategies' may exceed 2 billion.
Bilibili-W (09626) rose more than 3%, as of the time of publication, up 2.62%, trading at 148.8 Hong Kong dollars, with a turnover of 0.201 billion Hong Kong dollars.
Merrill Lynch raised the target price for bilibili (09626.HK) to 180 yuan due to the continuous strong momentum in gaming growth.
Bank of America Securities' research report pointed out that bilibili (09626.HK)(BILI.US) performed better than expected in the third quarter due to strong gaming performance. The bank believes that there is room for growth in the company's advertising business, will open up the ecosystem in e-commerce videos and live streaming ads, and plans to collaborate with e-commerce platforms and brands to attract more advertising budgets with joint promotional strategies. In addition, the bank also mentioned that profit trends will become the main driving factor of the stock price after achieving a balance between income and expenses. The bank believes that transitioning to gaming and advertising businesses, as well as improving costs, will help achieve a net profit margin of over 10% or an operating profit margin of approximately in the long term.
Hong Kong stocks morning report on November 19: Hong Kong Exchanges and Clearing is preparing various optimization measures for mutual market access. Goldman Sachs predicts a 15% increase in the MSCI China Index by 2025.
① The Hong Kong Stock Exchange stated that it is preparing multiple optimization measures for mutual connectivity. ② S.F. Holding plans to issue 0.17 billion H shares through an IPO in Hong Kong. ③ Goldman Sachs expects the MSCI Chinese Index to rise by 15% by 2025. ④ Xiaomi's revenue in the third quarter increased by approximately 30% year-on-year.
bilibili-W(09626.HK): Achieved profitability as scheduled in Q3 2024, announces buyback plan.
Event: bilibili achieved revenue of 7.3 billion yuan in Q3 2024, a year-on-year increase of 26%, with a continuous acceleration in growth for four consecutive quarters, mainly driven by business in games and advertising; adjusted net income attributable to the parent company is 0.24 billion yuan, corresponding to a profit margin of 3.2%.
U.S. stocks closed | The three major indexes showed mixed performance, with the Nasdaq ending its four-day losing streak; the "Trump trade" hype continues, with Tesla rising over 5%, and DJT surging 16%.
Small cap stocks turned higher in late trading, with the chip index also rising over 1%. Nvidia cut its earlier 3.4% decline in half, Tesla surged 8.7% at one point, Ehang rose nearly 10% before reversing to a 7% decline, Xiaomi Group's ADR rose nearly 6%, and Bakkt, which is in talks with Trump media for acquisition, surged over 160% before being halted temporarily. Oklo, backed by Altman, surged 23% at one point, leading the nuclear power stocks.
Asian Equities Traded in the US as American Depositary Receipts Rise in Monday Trading
Bilibili Is Maintained at Overweight by Barclays
Bilibili Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line
Express News | Barclays: Raised bilibili's target price from $19 to $24.
Express News | Bilibili : Barclays Raises Target Price to $24 From $19
U.S. stock market anomaly | Bilibili rose more than 1% before the market, and Goldman Sachs raised its H-share target price to 180 Hong Kong dollars after the performance.
Glonghui November 18｜bilibili (BILI.US) is up over 1% in pre-market trading, at $18.5. In terms of news, Goldman Sachs issued a report stating that bilibili's third-quarter performance was roughly in line with expectations, and it has achieved break-even for the first time. The firm maintains a "buy" rating on bilibili, with the target price for its H shares raised from HKD 176 to HKD 180, anticipating that higher-margin gaming and advertising businesses will lead a cycle of upgraded profitability. Daiwa released a report indicating that bilibili achieved non-GAAP operating profit and net income for the first time in the third quarter, describing the balanced income and expenditure as just the beginning. The long-term profit outlook is becoming clearer, and the firm reiterated its "buy" rating.
"Dah Sing" htsc raises the target price of bilibili (BILI.US) to $27.3, expecting continued profit realization by 2025.
htsc released a report stating that bilibili (BILI.US) had third-quarter revenue of 7.306 billion yuan, better than the market's expected 7.179 billion yuan; adjusted net profit of 0.236 billion yuan, a slight year-on-year increase, slightly exceeding the market's expected 0.235 billion yuan. Both revenue and profit exceeded market expectations, mainly reflected in the realization of revenue from three countries and the stable growth of advertising business. htsc stated that, considering the uncertainty next year in conjunction with the third-quarter performance, the company's revenue forecast for 2024 to 2026 is expected to be 26.7 billion, 30.72 billion, and 33.47 billion yuan, compared to the original forecast of 2.
BOCI Research: Bilibili (09626.HK) high-quality business growth momentum drives sustainable profitability, target price lowered to 172 yuan.
The Bank of China International report pointed out that bilibili (09626.HK) saw a sharp increase of 84% in mobile game revenue in the third quarter compared to the previous year, while online advertising revenue maintained a stable 28% year-on-year growth, leading to the company's total revenue accelerating by 26% year-on-year, exceeding market expectations by 2%. With a high gross margin of 34.9%, the group achieved its first quarterly profit in history, reaching an adjusted operating profit of 0.272 billion yuan, corresponding to an adjusted operating profit margin of 3.7%. The bank believes that bilibili will continue to monetize its active young users through diversified monetization methods and enhanced commercial monetization efficiency.
60% of the 'rebound fruit' has been eroded, who is currently increasing their holdings in Hong Kong stocks in the opposite direction?
Since October 8th, the once "unrivaled globally" Hong Kong stock market has retraced nearly 60% of the gains from the rebound trend from September 24, 2024 to October 7, 2024.
Goldman Sachs downgraded Bilibili (09626.HK) target price to 188 yuan for the first time in the quarter, realizing Non-GAAP profit.
CICC released a report indicating that bilibili (09626.HK) had third-quarter revenue of 7.306 billion yuan (RMB), a year-on-year increase of 25.8%, slightly exceeding the market expectation of 7.129 billion yuan and the bank's expectation of 7.143 billion yuan; Non-GAAP net profit was 0.236 billion yuan, slightly above the market expectation of 0.207 billion yuan and the bank's expectation of 0.229 billion yuan, mainly due to gaming revenue being higher than expected. The report stated that benefiting from the strong performance of "Three Kingdoms: Strategy of the World", third-quarter revenue increased by 84% year-on-year to 1.82 billion yuan, and it has consistently ranked in the top three of the iOS bestseller list for three consecutive seasons.
Goldman Sachs: Maintain bilibili-W (09626) 'buy' rating, target price raised to 180 Hong Kong dollars.
bilibili aims to achieve a net income margin of 10 to 15% by 2026.
Goldman Sachs raised the target price for bilibili (09626.HK) to 180 yuan, as higher-margin gaming and advertising businesses lead the profit upgrade cycle.
Goldman Sachs released a report stating that bilibili-W (09626.HK) third-quarter performance roughly met expectations, and achieved a balance between profits and losses for the first time. However, after the performance announcement, there was some downward pressure on the stock price, possibly due to higher market expectations prior to the performance announcement, mainly around gaming and advertising revenue trends entering the fourth quarter. The bank indicated that on November 15th (last Friday), they had a post-performance non-transaction roadshow with bilibili management, discussing key points including the continuous evolution of the business model driven by high-profit advertising and gaming businesses, becoming even more robust and profitable; and the company is expected to achieve 1 before 2026.
[Brokerage Focus] bocom intl maintains a buy rating on bilibili (09626), expects rapid growth of games to continue in the fourth quarter.
Jinwu Financial News | bocom intl released a research report indicating that bilibili (09626) will have revenue of 7.3 billion yuan (RMB, same below) in the third quarter of 2024, with accelerated year-on-year and quarter-on-quarter growth (26%/19%, compared to 16%/8% in the second quarter), which is basically in line with the bank's and market expectations. After adjustment, the operation level achieved a profit of 0.27 billion yuan, better than the bank's/market expectations of 0.23/0.19 billion yuan. In the third quarter, "Sanmou" boosted game revenue with an 84% year-on-year increase, and advertising revenue grew by 28% year-on-year, of which effective advertising revenue increased by nearly 50% year-on-year. Looking ahead to the fourth quarter, the bank expects the game sector to maintain rapid growth year-on-year +