On June 2, Bilibili-W (09626.HK) rose 3.98% in regular trading, reaching HKD 149.3 per share with turnover of HKD 262 million. The stock extended its post-earnings rebound following a 6% gain in the overnight US session.

The rally was driven by a wave of bullish institutional coverage following Q1 results. Orient Securities maintained a Buy rating with a target price of HKD 200.70, Guosen Securities maintained an Outperform rating, and CITIC Construction Investment also reiterated Buy. Q1 revenue reached RMB 7.47 billion, up 7% year-over-year, while adjusted net profit surged 62% to RMB 585 million. Advertising revenue hit RMB 2.59 billion, growing 30% for the 13th consecutive quarter of double-digit expansion, with AI-related ad budgets soaring 170%. Forward-looking estimates project Q2 revenue of RMB 7.88-7.96 billion, representing 7.4%-8.5% growth.

Within the Interactive Media and Services sector, the broader segment traded higher. Tencent rose 3.76%, Meitu gained 3.09%, Kuaishou added 2.23%, Baidu climbed 2.17%, and Newborn Town edged up 0.58%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)