智通财经网·2025-08-18 06:13Core Viewpoint - Bank of China International reported that Weibo-SW (09898) achieved a 2% year-on-year revenue growth in the second quarter, exceeding market expectations by 2% and aligning with the bank's estimates [1] Financial Performance - Adjusted net profit margin was impressive at 32.2%, benefiting from a one-time receivables reversal recorded in general and administrative expenses [1] Market Outlook - The bank anticipates a relatively weak performance in online advertising for the second half of the year due to budget cuts from advertisers in the mobile and online gaming sectors, partially offset by stable e-commerce and certain fast-moving consumer goods sub-sectors [1] Strategic Initiatives - The company is focused on advancing artificial intelligence investments, integration, and application within its core social ecosystem [1] Ratings and Price Targets - The bank maintains a "Hold" rating, raising the target price for H-shares from 79 HKD to 86 HKD, and for US shares from 10 USD to 11 USD [1]