Editor / Futu Information Zoe
Futu News on April 14, BoCom International released a report that the bank expects$Bilibili Inc. (BILI.US) $Revenue in the first quarter of 2021 was 3.75 billion yuan (RMB, the same below), an increase of 62% over the same period last year, in line with market expectations. The adjusted net loss was 880 million yuan, better than the market expectation of 900 million yuan. The short-term focus on single-generation mobile games fell slightly more than expected, with the bank lowering its 2021 game revenue forecast by 5% to 6 billion yuan. Live broadcast and value-added services and advertising are expected to maintain strong growth, with an increase of 83% and 195% in the first quarter compared with the same period last year.
Baili continues to strengthen the layout of the game industry chain, and has strategically invested in 5 game industry chain companies since 21 years, including the recent$Heart Company (02400.HK) $, holding 4.7%, optimistic about the deepening of cooperation with TapTap in game distribution and other areas, as well as the long-term growth potential of the game business.
The company raised HK $20.2 billion in a secondary listing, with 50% of the company's investment in content / R & D / marketing. Based on the segment plus valuation, the bank lowered its target price from $154 to $140, maintaining buying and covering for the first time$Bilibili Inc.-SW (09626.HK) $The target price of Hong Kong stocks is HK $1086, which is optimistic about the long-term growth potential.
Bilibili Inc. 's US shares closed up 1.39 per cent at $104.43 yesterday. As of press time, Bilibili Inc. Hong Kong shares fell 0.06% to HK $808.5, which is 34.3% upside from BoCom's international target price.