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<Research>BofAS Lifts BILIBILI-W (09626.HK) TP to $147 as Mgmt Confident on Earnings Trend
Recommend 10 Positive 22 Negative 6 |
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BILIBILI-W (09626.HK) held an investor meeting last week after its 2Q24 results beat expectations, BofA Securities issued a research report saying. BofA Securities expected the solid trend in the Company's game and advertising businesses to continue in 2H24, with investors focusing on updates to Sanmou game, solid advertising business trend and growth in e-commerce-related businesses. In addition, the Company's management was confident in its earnings trend. Amid the solid trend in BILIBILI-W's key businesses, BofA Securities raised its 2024-2026 EPS forecasts by 3-11%, and lifted its target price from $140 to $147, with rating reiterated at Buy. AAStocks Financial News |
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