BILI 3Q24 Preview: Gaming Could Remain Resilient Heading into 4Q
What’s New: We maintain our 3Q24 estimates as overall business could trend largely in-line with our expectations. Gaming segment could remain resilient heading into 4Q partly driven by San Mou. We up our PT from US$20 to US$25 amid a potential rerating on China stimulus. Our updated PT of US$25 implies 2.5x FY25E EV/Rev.Analysts:
Jin Yoon
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New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
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- Global Emerging Market Telecoms
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- Pan European Telecom Services and Cable
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