Bilibili Shares Facing Profit-Talking After Big Runup -- Market Talk

Dow Jones07-15

0309 GMT - Bilibili shares may be ripe to be cashed in after a runup in its stock price, analysts say. "With the shares up by more than 60% in the past six months, profit taken is warranted," says Longdley Zephirin from the Zephirin Group. Nomura analyst Jialong Shi concurs, noting "previous high flyers" like Bilibili are lagging the market today. Citi analysts coming out of Bilibili's Shanghai investor day last week say the company's fundamental outlook have been improving, with growth in overall income and average income of content creators looking "decent" in 1H, "with more diversified monetization channels for the content creators." The Chinese video-sharing company's shares are 8.0% lower in Hong Kong, trimming year-to-date gains to 34%. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

 

(END) Dow Jones Newswires

July 14, 2024 23:09 ET (03:09 GMT)

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