Gelonghui on November 18th: Bilibili (BILI.US) rose over 1% in pre-market trading, trading at $18.5. On the news front, Goldman Sachs released a report stating that Bilibili's third-quarter performance roughly matched expectations and achieved a balanced profit and loss for the first time. The firm maintains a 'buy' rating for Bilibili, with the H shares target price raised from HK$176 to HK$180, expecting higher profit upgrade cycle led by higher gross margins in gaming and advertising businesses. Daiwa released a report stating that Bilibili achieved non-GAAP operating profit and net income for the first time in the third quarter, describing the balance of income and expenses as just the beginning. The long-term profit outlook is becoming clearer, with the firm reiterating a 'buy' rating and raising the H shares target price from HK$215 to HK$225. (Gelonghui)