October 28th Glonhui | Bilibili (BILI.US) pre-market trading up more than 4%, trading at $21.49. H shares closed up 5.16% today, at HK$167.2. On the news front, Bank of America Securities published a report stating that Bilibili is expected to outperform expectations in the third quarter, with a positive outlook for the fourth quarter. The bank believes that Bilibili's main business trends are progressing well. Driven by the strong performance of the new game 'San Mao,' the group's gaming business is growing well. In addition, the bank points out that Bilibili's gross margin structure is shifting towards a high gross margin business model, coupled with cost optimization, and believes the company can achieve a balance between revenue and expenses in the third quarter. The bank has raised its earnings per share forecast for 2024 to 2026 by 3% to 14%, raising the target price from HK$147 to HK$176, and reiterating a 'buy' rating. (Glonhui)