CICC released a research report expecting BILIBILI-W (09626.HK) -1.000 (-0.787%) Short selling $53.73M; Ratio 17.205% to see gradual growth in its advertising and game business, with profitability gradually improving.
Due to the better-than-expected performance of “Three Kingdom SLG”, CICC raised its 2024/ 2025 revenue forecasts for the Group by 4.1%/ 4.4% to RMB27.1 billion/ RMB32 billion each, and adjusted its 2024 non-IFRS net loss forecast from RMB370 million to RMB193 million. CICC also lifted its 2025 non-IFRS net profit forecast by 24.1% to RMB2.68 billion.
Related NewsBOCOMI Raises BILIBILI-W (09626.HK) TP to HK$155; 'San Guo: Mou Ding Tian Xia' Propels Accelerated Game Rev. Growth
CICC kept rating at Outperform on BILIBILI-W, and elevated its target prices for the Company's H-shares/ US stock by 16%/ 18% to $151/ US$20, respectively.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-16 16:25.)
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