Movement Alert|Bilibili-W Rises 3.37% in Regular Trading, Hang Seng Tech Sector Rebound Drives Recovery

Market Focus06-24 13:43

On June 24, Bilibili-W rose 3.37% in regular trading, trading at HK$128.1/share, with turnover of HK$254 million. The stock rebounded following two consecutive days of decline as the broader Hang Seng Tech sector recovered.

The prior two-day selloff was primarily attributed to overall weakness in the Hang Seng Tech sector and market concerns over potential stake reduction by major shareholder Tencent. Today, the sector staged a broad-based recovery, lifting Bilibili's share price. Within the Interactive Media & Services sector, Tencent rose 5.4%, Baidu-SW gained 3.25%, and Kuaishou-W added 1.11%.

On the fundamental side, Guojin Securities recently maintained a Buy rating on Bilibili, highlighting its advertising business compound annual growth rate of 40% from 2020 to 2025 and Q1 advertising revenue growth of 30% year-over-year. The brokerage forecasts net profit attributable to shareholders of RMB 1.65/2.45/3.23 billion for 2026/2027/2028 respectively. However, JPMorgan's short position in Bilibili rose to 10.53% from 9.87% as of June 17, reflecting some institutional bearish sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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