Xiaomo: Reiterates Bilibili-W (09626) as the preferred rating for digital entertainment “increases”

Zhitongcaijing · 2d ago

The Zhitong Finance App learned that J.P. Morgan Chase released a research report saying that the global listing performance of Bilibili-W (09626) is in line with expectations. It is believed that it is on track to reach an estimated annual turnover of 1 billion to 1.5 billion yuan. It reiterated that the stock is the first choice for the digital entertainment sector. Investors are advised to take advantage of recent weak stock prices to gradually absorb and “increase their holdings.”

Motong believes that the next batch of catalysts worth watching includes the third quarter results and the launch of the new Three Kingdoms strategy game “Three Kingdoms: King of the World”, while Bilibili is 14 times the 2026 projected price-earnings ratio and 11 times the 2027 price-earnings ratio. Compared with the expected 31% compound annual increase in net profit from 2026-2028, the current valuation is attractive.