Weekly Recap | BILIBILI-W -1.91%, consensus target sits above spot
Bilibili drops 3% to one-month low as interactive-content bet draws attention
Bilibili falls 2% in Hong Kong as tech shares weaken
Haitong International Raises Bilibili Inc. TP to USD26 as Content Value Advantage Emerges
Bilibili slips to near one-month low as HK tech stocks retreat
Phantom Blade Zero releases 11-minute gameplay demo, hits eight million views in one day
$Bilibili(BILI.US)
Finally Bilibili is seeing massive bullish momentum this May! 🚀
Analysts are eyeing a ~75% upside with price targets hitting $31. Following a strong Q1 report, 90% of analysts rate it a “Buy” now. They are citing a pivot to profitability and surging ad revenue.
The key upgrades include Citic Securities and Wall Street Zen.
Holding Bilibili needs conviction. I believe in this philosophy “Fear don’t buy and hold don’t scare 🤭”.
Yesterday, the shares recorded in Hong Kong's CCASS for $Bilibili(BILI.US) rose from 282mn to 308mn, a net add of 26.29mn.
Typically, major shareholder sell-downs, placements/pledges, or equity award vesting result in paper certificates being moved into CCASS to facilitate secondary or block trades. This transfer-in is sizable, equal to 6.3% of Bilibili's total shares outstanding.
If the shares came from a single holder, Tencent is the most likely source given current ownership.
Post-trim, Tencent's stake would drop from 10.5% to 4.2%, raising nearly $500mn.
This is somewhat unexpected to Dolphin Research.
Tencent does not lack that $500mn, and if used for buybacks, at the current ~HK$500mn pace it would only cover a few days. Besides, Bilibili still has strategic value as a broad entertainment and AI distribution channel.
On the other hand, if Tencent is focused even on proceeds from trimming Bilibili, could other seemingly more 'valuable' assets also be up for sale?
In the coming days, Dolphin Research will revisit $TENCENT(00700.HK)'s portfolio to flag assets with higher disposal risk, and will re-run its cash-flow analysis to size this year's budget for capex and buybacks.
For Bilibili, near term it will need to digest negative sentiment and ease pressure from a rich valuation.
But the trajectory of marginal fundamental improvement from 2H should remain intact.My goal is to build up a stream of passive income so I’m only holding selected reits with strong foundations. Banks still make up the majority of my portfolio.
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