Dah Sing: Believe that the stock price of Bilibili (09626.HK) will rise in absolute value within the next 30 days, and the buyback plan will bring a positive response.

According to the Zhixin Financial APP, Morgan Stanley released a research report stating that it believes the stock price of Bilibili-W (09626.HK) will increase in absolute value in the next 30 days, with a probability estimated to be over 80% (or "highly likely"). This is mainly due to the company's announcement of a new share repurchase plan, which will repurchase up to $300 million worth of shares within the next 24 months, accounting for approximately 4.5% of its market value. The repurchase will be conducted through the open market, block trades, or other approved means. The bank pointed out that despite Bilibili's solid fundamentals, the stock price has recently dropped due to market concerns about Tencent Holdings (00700.HK) reducing its holdings in the past month, and it is expected that the stock price will respond positively to this share repurchase plan.