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BILIBILI-W Nosedives 7% in Half Day as Nomura Cuts TP
Recommend 50 Positive 74 Negative 54 |
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BILIBILI-W (09626.HK) opened 2.49% lower today and once hit a trough of HKD138.1. It closed at HKD138.3 at midday, down 6.99%, with turnover of 6.0336 million shares, involving HKD852 million. Nomura lowered the US share TP of Bilibili Inc. (BILI.US) from USD26 to USD22.5, while maintaining a Neutral rating. The broker said Bilibili Inc.'s 1Q revenue met expectations on solid ads growth, while profit topped market forecasts by 11%. Guidance for 2Q revenue and operating profit was also in line with market expectations. In view of near-term headwinds facing the gaming business and the ongoing AI investment cycle, Nomura maintained a Neutral rating. The broker believed TENCENT (00700.HK) and BABA-W (09988.HK) offer better risk-reward. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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