BOCI: Lowers Bilibili-W (09626.HK) target price to HK$191, maintains "Buy" rating

Zhito Finance APP has learned that BOCI has issued a research report stating that it has lowered the target price of Bilibili-W (09626.HK) by 14.7%, from HKD 224 to HKD 191, and also lowered its U.S. stock (BILI.US) target price, while maintaining a "Buy" rating on both. The bank expects third-quarter 2026 revenue to increase by 7% year over year, adjusted operating profit to increase by 20% year over year (adjusted operating profit margin of 10.0%), and expects mobile game, online advertising, and value-added service revenue to decrease by 6%, increase by 20%, and increase by 5% year over year, respectively.