Hong Kong Stock Market News: BILIBILI-W rebounds over 4%. Institutions expect the company's fourth-quarter revenue to increase YoY to RMB 6.3 billion.

Zhitong App learned that BILIBILI-W (09626) rebounded by more than 4%, with a 4.24% increase at the time of writing, reaching HKD 71.35, with a turnover of HKD 55.09 million.

On the news front, the latest information from the Hong Kong Stock Exchange shows that on December 22nd, JPMorgan Chase increased its holdings of BILIBILI-W by 941,874 shares, with a price of HKD 82.0141 per share, totaling approximately HKD 77.2469 million. The latest number of shares held after the increase is approximately 24.3852 million, with the latest shareholding ratio at 7.22%. Previously, the company announced a partnership with Wonder Festival (WF), the organizer of the world's largest scale figurine exhibition, and Japanese toy manufacturer Kaiyodo, to obtain the exclusive hosting rights for WF in China. Starting this year, the company will hold offline WF exhibition events in the Chinese market.

Furui Securities stated that it maintains a "buy" rating and expects the company's total net revenue for the year to be at the lower end of the range of RMB 22.5 billion to RMB 23.5 billion, in line with expectations. The timetable for achieving a balanced income and expenditure has not changed, with a target price of HKD 172. The bank predicts that Bilibili's fourth-quarter revenue this year will increase by 3% YoY to RMB 6.3 billion. In terms of market segments, it is expected that revenue from online games will increase by approximately 10% QoQ to RMB 1.1 billion, VAS is expected to increase by 18% YoY, and online advertising revenue is expected to increase by 25%, with an expected improvement in gross profit margin.