<p>嗶哩嗶哩-W (09626.HK) -8.100 (-5.189%) 空頭頭寸 $190.90M; 比率 24.452% 報告顯示 2023 年第一季度調整後淨利潤同比增長 63.4%，達到人民幣 5.93 億元。該股今天（20 日）開盤下跌 0.51%，並進一步下跌，觸及低點 146.5 港元。目前交易價格為 147.5 港元，下跌 5.51%，成交量為 293.31 萬股，涉及金額為 4.36 億港元。</p>
<p>AASTOCKS 匯總了八家券商對嗶哩嗶哩-W (09626.HK) 的最新投資評級、目標價和觀點，具體如下：</p>
<p>券商評級目標價關鍵觀點</p>
<p>摩根大通增持港幣 270/美元 35</p>
<p>2023 年第一季度在線廣告收入顯著加速至 30%，而調整後淨利潤超出預期，主要受益於研發費用降低和投資收益。</p>
<p>大和證券買入港幣 250/港幣 235</p>
<p>2023 年第一季度業績穩健，廣告和流量增長勢頭強勁。然而，由於新遊戲發佈延遲和會計因素，遊戲收入恢復較慢。</p>
<p>高盛買入港幣 252/港幣 226/美元 32.3/美元 28.9</p>
<p>2023 年第一季度強勁的廣告增長抵消了遊戲的放緩。社區健康和變現潛力持續改善，人工智能投資管理保持謹慎。</p>
<p>美銀證券買入港幣 234/美元 30</p>
<p>2023 年第一季度基本面保持穩定。廣告增長遠超預期，總觀看時間大幅上升。近期股價回調提供了一個有吸引力的買入機會。</p>
<p>瑞銀買入美元 37.5/美元 32.2</p>
<p>2023 年第一季度交出令人印象深刻的業績。強勁的廣告增長和用户參與度展示了生態系統的韌性，預計下半年新遊戲發佈將成為重新評級的催化劑。</p>
<p>中信證券跑贏大市美元 29.1</p>
<p>2023 年第一季度業績符合預期。強勁的廣告收入抵消了移動遊戲表現疲軟，深入的人工智能應用將繼續推動廣告增長。</p>
<p>花旗買入美元 27</p>
<p>2023 年第一季度廣告增長超出預期。用户觀看時間增加和人工智能增強的投放效率預計將持續強勁勢頭進入 2023 年第二季度。</p>
<p>摩根士丹利增持美元 31</p>
<p>2023 年第一季度廣告增長表現出色。人工智能放大了高質量內容供應和社區價值，預計遊戲業務將在 2023 年第四季度扭轉局面。</p>
<p>（廣告/日常）（香港股票報價延遲至少 15 分鐘。空頭數據截至 2026 年 5 月 19 日 16:25。）（實時流媒體美國股票報價；除所有場外交易報價外，均至少延遲 15 分鐘。）</p>

嗶哩嗶哩-W

嗶哩嗶哩

<p>嗶哩嗶哩-W 的股價在經紀商更新評級和目標價後下跌超過 5%。儘管調整後的淨利潤同比增長 63.4%，達到人民幣 5.93 億元，但該股開盤下跌，最低觸及港幣 146.5 元。經紀商的觀點不一，評級從 “增持” 到 “買入” 不等，強調了強勁的廣告增長，但由於新遊戲發佈的延遲，遊戲收入的恢復速度較慢</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>嗶哩嗶哩-W (09626.HK) -8.100 (-5.189%) 空頭頭寸 $190.90M; 比率 24.452% 報告顯示 2023 年第一季度調整後淨利潤同比增長 63.4%，達到人民幣 5.93 億元。該股今天（20 日）開盤下跌 0.51%，並進一步下跌，觸及低點 146.5 港元。目前交易價格為 147.5 港元，下跌 5.51%，成交量為 293.31 萬股，涉及金額為 4.36 億港元。</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 匯總了八家券商對嗶哩嗶哩-W (09626.HK) 的最新投資評級、目標價和觀點，具體如下：</p>
</div><p>BrokerRatingTPKey Views</p>
<div class="lb-trans"><p>券商評級目標價關鍵觀點</p>
</div><p>JPMOverweightHKD270/USD35</p>
<div class="lb-trans"><p>摩根大通增持港幣 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 年第一季度在線廣告收入顯著加速至 30%，而調整後淨利潤超出預期，主要受益於研發費用降低和投資收益。</p>
</div><p>DaiwaBuyHKD250KD235</p>
<div class="lb-trans"><p>大和證券買入港幣 250/港幣 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 年第一季度業績穩健，廣告和流量增長勢頭強勁。然而，由於新遊戲發佈延遲和會計因素，遊戲收入恢復較慢。</p>
</div><p>G SachsBuyHKD252KD226/USD32.3SD28.9</p>
<div class="lb-trans"><p>高盛買入港幣 252/港幣 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 年第一季度強勁的廣告增長抵消了遊戲的放緩。社區健康和變現潛力持續改善，人工智能投資管理保持謹慎。</p>
</div><p>BofASBuyHKD234/USD30</p>
<div class="lb-trans"><p>美銀證券買入港幣 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穩定。廣告增長遠超預期，總觀看時間大幅上升。近期股價回調提供了一個有吸引力的買入機會。</p>
</div><p>UBSBuyUSD37.5SD32.2</p>
<div class="lb-trans"><p>瑞銀買入美元 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業績。強勁的廣告增長和用户參與度展示了生態系統的韌性，預計下半年新遊戲發佈將成為重新評級的催化劑。</p>
</div><p>CLSAOutperformUSD29.1</p>
<div class="lb-trans"><p>中信證券跑贏大市美元 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 年第一季度業績符合預期。強勁的廣告收入抵消了移動遊戲表現疲軟，深入的人工智能應用將繼續推動廣告增長。</p>
</div><p>CitiBuyUSD27</p>
<div class="lb-trans"><p>花旗買入美元 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 年第一季度廣告增長超出預期。用户觀看時間增加和人工智能增強的投放效率預計將持續強勁勢頭進入 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 年第一季度廣告增長表現出色。人工智能放大了高質量內容供應和社區價值，預計遊戲業務將在 2023 年第四季度扭轉局面。</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>（廣告/日常）（香港股票報價延遲至少 15 分鐘。空頭數據截至 2026 年 5 月 19 日 16:25。）（實時流媒體美國股票報價；除所有場外交易報價外，均至少延遲 15 分鐘。）</p>
</div>

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

- BILIBILI-W (09626.HK) 1QYY 淨利潤同比增長 63.4% 至人民幣 593 億元。  
- 當前股票報價 HKD 147.5，較前日下跌 5.51%。  
- 八家券商對 BILIBILI 的投資評級和目標價均顯示廣告增長強勁。

AASTOCKS News

摩根大通

Daiwa Securities Group Inc.

高盛

美國銀行

瑞銀集團

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

由於券商更新了最新的評級、目標價和觀點，嗶哩嗶哩-W 股價下跌超過 5%