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Express News | Li Auto Down 2.1%, Xpeng Down 5.3%
Express News | NetEase Down 2.6%, Baidu Down 1.3%
Express News | Alibaba Group Down 1%, JD.com Down 1.9%, PDD Holdings Down 1.4%
Express News | U.S.-Listed Shares of Chinese Companies Fall Premarket as China Stocks Close at 4-1/2 Month Low
Yuancheng Securities: First-time buy rating for Bilibili-W, full commercialization is accelerating and comprehensive efforts are being made to realize it.
Open Securities released a research report stating that it initiated coverage of bilibili-W (09626) and gave it a "buy" rating, predicting its net income attributable to the parent from 2024 to 2026 to be -1.379/0.029/0.743 billion yuan, corresponding to EPS of -3.3/0.1/1.8 yuan based on the current share capital. Bilibili started as an ACG vertical video website, created the Z+ generation park, and gradually broke through the dimensional wall to transform into a diversified cultural community. The bank is bullish on the company's continuous attraction of users with high-quality content, retention of users with community atmosphere, and monetization through games, value-added services (membership), advertising, and IP.
Morgan Stanley continues to be bullish on the overall gaming industry, market consolidation is beneficial to leading participants.
Morgan Stanley continues to be bullish on the overall online gaming industry and has raised Tencent's target price by about 2% to HKD 481 from HKD 473.