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| HSI1 | 25,606.03 | +219.51 | 281.30B |
| HSCEI1 | 8,550.87 | +75.55 | 91.73B |
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BILIBILI-W Nosedives 7% in Half Day as Nomura Cuts TP
2026-05-21 12:15:53 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. ~ AASTOCKS Financial News Website: www.aastocks.com | |