Intelligent Finance APP learned that Zheshang Securities released a research report stating that considering the comprehensive layout of software and hardware facilities and internal growth-driven factors, it is expected that Xiamen Xiangyu (600057.SH) will have a net profit attributable to the parent company of 1.211 billion yuan, 1.435 billion yuan, and 1.683 billion yuan from 2020 to 2022, with year-on-year increases of 9.50%, 18.46%, and 17.35%, respectively, corresponding to EPS of 0.56 yuan, 0.66 yuan, and 0.78 yuan. From a growth perspective, the company's compound annual growth rate of net profit attributable to the parent company from 2020 to 2022 is 17.90%, and the PEG of the corresponding 2021E PE is 0.52, which is significantly lower than the valuation relative to the growth. Zheshang Securities believes that the reasonable valuation of the company is around 15 times PE, the reasonable market cap of the 2021 net profit attributable to the parent company is about 21.5 billion yuan, and the relative price still has about 58% room for growth. The first coverage is given a "buy" rating.$BILIBILI-W (09626.HK)$Rose 3%, reported 120.3 Hong Kong dollars, with a transaction amount exceeding 300 million US dollars.

On the news side, the game 'Three Kingdoms: Strategic Dominance' agented by Bilibili began public beta testing on June 13th. According to the monitoring data of global mobile application and game data monitoring service provider Didi Data, on the day of pre-download, the game topped the free total game chart in the Chinese App Store. On the day of the public beta test, it ranked fourth in the Chinese App Store's game sales chart.

UBS analyst Felix Liu maintains a 'buy' rating for Bilibili and maintains a target price of $18.

In addition, UBS previously reported that the company's advertising revenue is expected to benefit from bottom-up improvement and demand incentives this year, with earnings per share estimates for 2024 to 2026 raised between 19% and 39%.

Editor/Somer