China International Capital Corporation: The year-on-year growth rate of advertising revenue of listed companies in the second quarter slowed down overall, with trade-oriented advertising growing at a faster pace.
The year-on-year growth rate of advertising revenue has slowed down due to the impact of both internal and external factors: the weak performance of the external consumer end affects the advertising budget of advertisers, while the internal factor is the pressure on growth rate after the low base effect in 2Q24.
Omdia predicts that global gaming subscription market revenue will exceed $27 billion by 2028.
Omdia released the "Gaming Subscription and Cloud Gaming Market Forecast", estimating that by 2028, the revenue of the global gaming subscription market will exceed 27 billion US dollars, and its value and importance will continue to expand.
The trends of the three major Hong Kong stock indices are divergent, with the real estate and insurance sectors performing well.
Why did Dazhong Transportation Co.,Ltd. surge significantly today? Is the southbound capital outflow continuing?
The Bank of America: Raised the target price for bilibili to HKD 147, and raised the earnings forecast per share for 2024-2026.
Bank of America Securities published a report pointing out that after Bilibili's second quarter performance exceeded expectations, the bank held an investor conference last week. The bank expects the steady trend of the company's gaming and advertising business to continue in the second half of the year. Investors are particularly concerned about the updates of the "Sanmao" game, the stable trend of the advertising business, and the growth of e-commerce related businesses. In addition, the company's management is confident in its profit trend. The bank mentioned that currently Bilibili's "Sanmao" season 2 has good user engagement and feedback, and the company will launch season 3 at the end of November. The ROI of the promotional activities is still on track, so the company will allocate corresponding marketing expenses accordingly and
Bank of America Securities (09626.HK) has raised its target price for Bilibili to 147 yuan. Management is confident in the profitability trend.
Bank of America Securities released a report stating that after bilibili (09626.HK) exceeded expectations in the second quarter, the bank held an investor conference last week. The bank expects the steady trend in gaming and advertising business to continue in the second half of the year, and investors are particularly concerned about the updates to the "San Mao" game, the stable trend in the advertising business, and the growth of e-commerce-related businesses. In addition, the company's management is confident in its profit trend. The bank mentioned that the user engagement and feedback for bilibili's "San Mao" in the second quarter have been good, and the company will launch the third season at the end of November. The return on investment (ROI) for promotional activities is still on track, and the company is optimistic about it.
In the mid-year assessment of game stocks, who can break through the strong product cycle?
Against the backdrop of improving policy margins, the emergence of popular works can undoubtedly be seen as a "catalyst" for sector trends. However, based on the mid-term report, the fundamentals of the gaming industry are still highly differentiated, and investors may need to carefully select individual stocks in order to achieve excess returns.