Bilibili-W (09626) rose more than 7% in the intraday period. As of press release, it was up 6.19% to HK$115, with a turnover of HK$537 million.
The Zhitong Finance App learned that Bilibili-W (09626) rose more than 7% in the intraday period. As of press release, it had risen 6.19% to HK$115, with a turnover of HK$537 million.
According to the news, starting May 13, Internet companies will release their results for the first quarter of 2024 one after another. Among them, Bilibili will announce its first quarter results on May 23. Everbright Securities expects its 1Q24 advertising revenue to increase 28% year on year to 1.63 billion yuan, accounting for a year-on-year increase of 4 pct to 28.9% year on year, mainly due to continuous improvement in advertising efficiency and increased advertising by game and e-commerce advertisers.
BOC International pointed out that most companies' performance in the first quarter is expected to be in line with expectations, and the second quarter guidance may be an important indicator affecting stock price trends. Huaxi Securities, on the other hand, said that the Hong Kong stock Internet continues to rebound, and it is optimistic that leading companies' valuation performance will double.