On July 6, Bilibili-W rose 3.12% in regular trading, trading at HK$141.6/share, with turnover of HK$75.55 million.
On the news front, the company's $300 million share repurchase program continues to advance. As of June 30, Bilibili had cumulatively repurchased 4.8 million listed securities at a total cost of approximately $100 million. The buyback plan, announced on June 24, allows repurchases of up to $300 million over 24 months, representing approximately 4.5% of the company's market capitalization. Morgan Stanley issued a research note stating that the buyback plan is expected to generate a positive stock price reaction, with an estimated probability of over 80% that the share price will rise in absolute value within the next 30 days.
Additionally, the Interactive Media and Services sector rallied broadly, with Kuaishou up 4.37%, Meitu up 3.5%, and Tencent up 3.11%, creating a sector-wide linkage effect that provided further support for Bilibili's share price.
(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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