UB-BILI@EC2701A

$KUAISHOU-W(01024.HK)$BILIBILI-W(09626.HK)

🚨 Tencent Sold - But Kuaishou & Bilibili Are Fine! Here’s Why

Are Kuaishou and Bilibili in trouble after Tencent trimmed its stakes? The short answer is absolutely not. ✅

The market reacted with short-term anxiety. Their latest earnings tell a very different story.

These divestments are secondary-market transactions. Zero cash changes hands at the company level and founders keep full operational control. 🤝

Why They Remain Strong:

✅ Partnerships Unchanged:

Core collaborations - advertising, cloud, gaming and payments are completely unaffected.

Tencent even recently backed Kuaishou’s AI unit, Kling AI! 🤖

✅ Financially Independent & Solid:

Both are profitable, cash-positive and self-sustaining:

• Kuaishou: Q2 revenue RMB 35.5B, profit RMB 3.1B, liquidity RMB 62.3B 💰

• Bilibili: Liquidity RMB 24.3B, Q1 adjusted profit +62% YoY 📈

Short-term sentiment and share supply may pressure prices but realistically and operationally nothing has changed.

These are mature, self-sustaining businesses.

Don’t let market noise overshadow strong fundamentals! 📊

See the real numbers in the infographic below 👇

Not financial advice. Please do your own DD😉.

Interesting to note that the Singapore Market has been experiencing dips recently after a strong showing for months, but this won't be too surprising given the ifast inflation rise reported on Tuesday. Moreover, banks are also getting a little pricey, so a small pullback is to be expected.

Bilibili 2Q26 First Take: Q2 results were mediocre, broadly in line with expectations. Revenue was again carried by ads, with growth ticking up QoQ on easier comps. On the bottom line, a slight beat came mainly from tighter control of selling expenses.

This year’s key issue is a thin games slate. The high base from 'San Mou' drove a sharp YoY decline in gaming revenue. While the in-house title 'Baijiangpai' launched in Q2, its scale is too small; to move the needle, they need at least a mid-sized breakout.

In H2, the revenue comp base falls quickly, which should naturally ease the trend. Based on the current pipeline, two in-house titles 'Shine, Lumi!' and 'Three Kingdoms: The Way' (many expect both could be bn-level) are slated for Q4 launch. The new-release cycle could revive gaming growth.$Bilibili(BILI.US) $BILIBILI-W(09626.HK)

$BILIBILI-W(09626.HK)$Bilibili(BILI.US)

Bilibili 1H 2026: Ads & AI Shine- Gaming in Transition

Bilibili’s latest results tell a clear story: advertising is driving growth, profits are improving, but gaming is still shifting gears.

📊 The Numbers:

• Revenue: ~RMB 15.4B (+7.5% YoY)

• Adjusted net profit: ~RMB 1.29B, up 39%! ✨

🔥 The Star -Advertising:

Ad revenue jumped ~29% to RMB 5.7B, powered by AI , smarter matching, better conversions, and fresh ad inventory. 🤖

💰 Profits Trending Up:

Q2 gross margin hit 37.2%, with management targeting 40–45% long-term. Moving in the right direction! 📈

⚠️ The Weak Spot , Gaming:

Gaming revenue -13% YoY. The blockbuster Sanmou is maturing, so growth now hinges on new titles: N Card, Sanwang, Lumi Master. 🎮

🤝 Shareholder-Friendly:

US$300M buyback program ,already repurchased ~US$118M worth of shares in 2026.

💡 Bottom Line: Ads + AI + margins are firing. Gaming is the big question for H2.

Full breakdown in the infographic! 👇

Not financial advice. Do your own DD😆

Is this the top for the banks? Just a month or two back, there is nothing but praises for them Now it seems that there are cautiously mildly bearish pieces creeping out from the shadows. Are bank bulls starting to blink now?

Singapore’s manufacturing output rose 6.8% year-on-year in July, beating forecasts, though slower than June’s revised 7.5% gain, per today’s Straits Times. Every sector grew except biomedical manufacturing and chemicals. Electronics growth slowed noticeably, suggesting AI-driven momentum may be easing 😔.

That said, official data shows order books remain solid, with exports and PMI confirming external demand stays robust for now ☺️

Wednesday proved it — no one wants risk into earnings. Software “refusing to die” isn’t the same as thriving. With inflation sticky in SG, defensive rotates start now.

Tonight’s market calendar looks packed, with Marvell’s Q2 results and Bilibili’s earnings call offering fresh signals on semiconductor demand and Chinese consumer sentiment, while U.S. jobless claims could influence rate expectations. Friday’s Jackson Hole keynote from Fed Chair Kevin Warsh is arguably the bigger macro catalyst, especially as markets assess the Fed’s policy direction ahead of the September FOMC decision. Apple’s September event could also add excitement if foldable iPhone expectations materialize. Overall, volatility may remain elevated as investors balance corporate earnings, labor-market data, monetary-policy signals, and major technology catalysts. It’s a busy stretch for market watchers, but plenty of uncertainty remains.

Inflation is hotter.. means higher interest rates for longer…

Singapore's July core inflation reached 2.0%, a 21-month high, driven by electricity, natural gas, services, and food. The Monetary Authority of Singapore (MAS) has already raised its forecast range for 2026.

The ongoing Gulf conflict will pressure sectors such as transportation, logistics, and aviation, while exacerbating inflation.

$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.

If the shares came from a single holder, Tencent is the most likely source given current ownership.

This is somewhat unexpected to Dolphin Research.

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?

For Bilibili, near term it will need to digest negative sentiment and ease pressure from a rich valuation.

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.

Smart move by Singapore to pivot to nuclear energy which means less dependence on fossil fuel and since she does not have the land resources required as well as the geography, this is the best clean energy move.

As long as supports hold, the general market still may push higher into late May. It is hovering above one of those support levels now.