On June 25, Bilibili-W rose 3.01% in regular trading, trading at HKD 130.1 per share, with turnover of HKD 282 million. The stock rallied against a broadly weaker sector, driven by its newly announced share repurchase program and a bullish endorsement from Morgan Stanley.
On June 24, Bilibili announced that its board approved a new USD 300 million share repurchase program, authorizing buybacks of Class Z ordinary shares and American depositary shares over the next 24 months. Repurchases may be conducted through open-market purchases, privately negotiated transactions, block trades, or other legally permitted methods, funded by existing cash reserves. The move signals management confidence in the company's long-term value.
Morgan Stanley subsequently stated it believes Bilibili's share price will rise in absolute terms within the next 30 days, noting the buyback plan has generated a positive market reaction. Notably, peers in the Interactive Media and Services sector declined broadly today — TENCENT down 0.89%, KUAISHOU-W down 0.79%, BIDU-SW down 3.08% — highlighting that the buyback plan constitutes an independent catalyst for Bilibili's outperformance.
(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.)
Comments