<p>哔哩哔哩-W (09626.HK) -8.100 (-5.189%) 空头头寸 $190.90M; 比率 24.452% 报告显示 2023 年第一季度调整后净利润同比增长 63.4%，达到人民币 5.93 亿元。该股今天（20 日）开盘下跌 0.51%，并进一步下跌，触及低点 146.5 港元。目前交易价格为 147.5 港元，下跌 5.51%，成交量为 293.31 万股，涉及金额为 4.36 亿港元。</p>
<p>AASTOCKS 汇总了八家券商对哔哩哔哩-W (09626.HK) 的最新投资评级、目标价和观点，具体如下：</p>
<p>券商评级目标价关键观点</p>
<p>摩根大通增持港币 270/美元 35</p>
<p>2023 年第一季度在线广告收入显著加速至 30%，而调整后净利润超出预期，主要受益于研发费用降低和投资收益。</p>
<p>大和证券买入港币 250/港币 235</p>
<p>2023 年第一季度业绩稳健，广告和流量增长势头强劲。然而，由于新游戏发布延迟和会计因素，游戏收入恢复较慢。</p>
<p>高盛买入港币 252/港币 226/美元 32.3/美元 28.9</p>
<p>2023 年第一季度强劲的广告增长抵消了游戏的放缓。社区健康和变现潜力持续改善，人工智能投资管理保持谨慎。</p>
<p>美银证券买入港币 234/美元 30</p>
<p>2023 年第一季度基本面保持稳定。广告增长远超预期，总观看时间大幅上升。近期股价回调提供了一个有吸引力的买入机会。</p>
<p>瑞银买入美元 37.5/美元 32.2</p>
<p>2023 年第一季度交出令人印象深刻的业绩。强劲的广告增长和用户参与度展示了生态系统的韧性，预计下半年新游戏发布将成为重新评级的催化剂。</p>
<p>中信证券跑赢大市美元 29.1</p>
<p>2023 年第一季度业绩符合预期。强劲的广告收入抵消了移动游戏表现疲软，深入的人工智能应用将继续推动广告增长。</p>
<p>花旗买入美元 27</p>
<p>2023 年第一季度广告增长超出预期。用户观看时间增加和人工智能增强的投放效率预计将持续强劲势头进入 2023 年第二季度。</p>
<p>摩根士丹利增持美元 31</p>
<p>2023 年第一季度广告增长表现出色。人工智能放大了高质量内容供应和社区价值，预计游戏业务将在 2023 年第四季度扭转局面。</p>
<p>（广告/日常）（香港股票报价延迟至少 15 分钟。空头数据截至 2026 年 5 月 19 日 16:25。）（实时流媒体美国股票报价；除所有场外交易报价外，均至少延迟 15 分钟。）</p>

哔哩哔哩-W

哔哩哔哩

<p>哔哩哔哩-W 的股价在经纪商更新评级和目标价后下跌超过 5%。尽管调整后的净利润同比增长 63.4%，达到人民币 5.93 亿元，但该股开盘下跌，最低触及港币 146.5 元。经纪商的观点不一，评级从 “增持” 到 “买入” 不等，强调了强劲的广告增长，但由于新游戏发布的延迟，游戏收入的恢复速度较慢</p>

<p>BILIBILI-W (09626.HK) -8.100 (-5.189%)  Short selling $190.90M; Ratio 24.452%  reported 1QYY adjusted net profit rising 63.4% YoY to RMB593 million. The stock opened down 0.51% today (20th) and extended losses, hitting a trough of HKD146.5. It is now trading at HKD147.5, down 5.51%, with 2.9331 million shares traded, involving HKD436 million.</p>
<div class="lb-trans"><p>哔哩哔哩-W (09626.HK) -8.100 (-5.189%) 空头头寸 $190.90M; 比率 24.452% 报告显示 2023 年第一季度调整后净利润同比增长 63.4%，达到人民币 5.93 亿元。该股今天（20 日）开盘下跌 0.51%，并进一步下跌，触及低点 146.5 港元。目前交易价格为 147.5 港元，下跌 5.51%，成交量为 293.31 万股，涉及金额为 4.36 亿港元。</p>
</div><p>AASTOCKS has compiled the latest investment ratings, TPs and views from eight brokers on BILIBILI-W (09626.HK) -8.100 (-5.189%)  Short selling $190.90M; Ratio 24.452%  (Bilibili Inc. (BILI.US) ) as follows:</p>
<div class="lb-trans"><p>AASTOCKS 汇总了八家券商对哔哩哔哩-W (09626.HK) 的最新投资评级、目标价和观点，具体如下：</p>
</div><p>BrokerRatingTPKey Views</p>
<div class="lb-trans"><p>券商评级目标价关键观点</p>
</div><p>JPMOverweightHKD270/USD35</p>
<div class="lb-trans"><p>摩根大通增持港币 270/美元 35</p>
</div><p>1QYY online advertising revenue accelerated significantly to 30%, while adjusted net profit beat expectations, mainly benefiting from lower R&amp;D expenses and investment gains.</p>
<div class="lb-trans"><p>2023 年第一季度在线广告收入显著加速至 30%，而调整后净利润超出预期，主要受益于研发费用降低和投资收益。</p>
</div><p>DaiwaBuyHKD250KD235</p>
<div class="lb-trans"><p>大和证券买入港币 250/港币 235</p>
</div><p>1QYY results were solid, with strong momentum in advertising and traffic growth. However, game revenue recovery was slower due to delays in new game launches and accounting factors.</p>
<div class="lb-trans"><p>2023 年第一季度业绩稳健，广告和流量增长势头强劲。然而，由于新游戏发布延迟和会计因素，游戏收入恢复较慢。</p>
</div><p>G SachsBuyHKD252KD226/USD32.3SD28.9</p>
<div class="lb-trans"><p>高盛买入港币 252/港币 226/美元 32.3/美元 28.9</p>
</div><p>Strong advertising growth in 1QYY offset the slowdown in gaming. Community health and monetization potential continued to improve, with disciplined artificial intelligence investment management.</p>
<div class="lb-trans"><p>2023 年第一季度强劲的广告增长抵消了游戏的放缓。社区健康和变现潜力持续改善，人工智能投资管理保持谨慎。</p>
</div><p>BofASBuyHKD234/USD30</p>
<div class="lb-trans"><p>美银证券买入港币 234/美元 30</p>
</div><p>1QYY fundamentals remained intact. Advertising growth far exceeded expectations, and total viewing time rose strongly. The recent share price pullback provides an attractive buying opportunity.</p>
<div class="lb-trans"><p>2023 年第一季度基本面保持稳定。广告增长远超预期，总观看时间大幅上升。近期股价回调提供了一个有吸引力的买入机会。</p>
</div><p>UBSBuyUSD37.5SD32.2</p>
<div class="lb-trans"><p>瑞银买入美元 37.5/美元 32.2</p>
</div><p>1QYY delivered impressive results. Robust advertising growth and user engagement demonstrated ecosystem resilience, while new game launches in 2HYY are expected to act as re-rating catalysts.</p>
<div class="lb-trans"><p>2023 年第一季度交出令人印象深刻的业绩。强劲的广告增长和用户参与度展示了生态系统的韧性，预计下半年新游戏发布将成为重新评级的催化剂。</p>
</div><p>CLSAOutperformUSD29.1</p>
<div class="lb-trans"><p>中信证券跑赢大市美元 29.1</p>
</div><p>1QYY results were in line with expectations. Strong advertising revenue offset weak mobile gaming performance, and deeper artificial intelligence applications will continue to drive advertising growth.</p>
<div class="lb-trans"><p>2023 年第一季度业绩符合预期。强劲的广告收入抵消了移动游戏表现疲软，深入的人工智能应用将继续推动广告增长。</p>
</div><p>CitiBuyUSD27</p>
<div class="lb-trans"><p>花旗买入美元 27</p>
</div><p>1QYY advertising growth beat expectations. Increased user viewing time and artificial intelligence-enhanced delivery efficiency are expected to sustain strong momentum into 2QYY.</p>
<div class="lb-trans"><p>2023 年第一季度广告增长超出预期。用户观看时间增加和人工智能增强的投放效率预计将持续强劲势头进入 2023 年第二季度。</p>
</div><p>M StanleyOverweightUSD31</p>
<div class="lb-trans"><p>摩根士丹利增持美元 31</p>
</div><p>1QYY advertising growth was outstanding. Artificial intelligence amplified high-quality content supply and community value, and the gaming business is expected to turn around in 4QYY.</p>
<div class="lb-trans"><p>2023 年第一季度广告增长表现出色。人工智能放大了高质量内容供应和社区价值，预计游戏业务将在 2023 年第四季度扭转局面。</p>
</div><p>(ad/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-19 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)</p>
<div class="lb-trans"><p>（广告/日常）（香港股票报价延迟至少 15 分钟。空头数据截至 2026 年 5 月 19 日 16:25。）（实时流媒体美国股票报价；除所有场外交易报价外，均至少延迟 15 分钟。）</p>
</div>

BILIBILI-W  Falls Over 5% as Brokers Update Latest Ratings, TPs and Views

- BILIBILI-W (09626.HK) 1QYY 净利润同比增长 63.4% 至人民币 593 亿元。  
- 当前股票报价 HKD 147.5，较前日下跌 5.51%。  
- 八家券商对 BILIBILI 的投资评级和目标价均显示广告增长强劲。

AASTOCKS News

摩根大通

Daiwa Securities Group Inc.

高盛

美国银行

瑞银集团

花旗

摩根士丹利

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

GS Hldg R

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

CITIGROUP INC 6.250 NON CUM SER II PFD WI

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

由于券商更新了最新的评级、目标价和观点，哔哩哔哩-W 股价下跌超过 5%