Bilibili's Hong Kong shares jump as Q4 profit beats estimates

Bilibili

21/02/2025 02:39

** Hong Kong shares of Chinese mobile games group Bilibili
 9626.HK  jump as much as 9.5% to HK$169.5, on course for the
biggest one-day gain since February 14
    ** Stock on track to snap two consecutive session of fall;
third-biggest gainer in Hang Seng Tech Index  .HSTECH , which is
up 3.5%
    ** U.S.-listed stock  BILI.O  rose 8.8% to end at $22.11 on
Thursday, their highest close since December 9
    ** Co reported Q4 adjusted EPS at 1.07 yuan ($0.15), above
estimates of 0.95 yuan, and Q4 revenues from advertising were
2.39 billion yuan ($327.2 mln), up 24% YoY
    ** Citi maintains "Neutral/High Risk" rating on Bilibili
amid weakening momentum over gaming and valuation being a bit
stretched, while it lifts TP to $23 from $20.5 due to re-rating
in the China internet sector and see ads growth as decent 
    ** Hang Seng Commerce & Industry Index  .HSNC  rises 3.4%,
Hang Seng Index  .HSI  adds 2.2%
    ** Bilibili Hong Kong stock up 18.2% YTD, U.S. shares up
22.1% YTD  

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))