Core Viewpoint - Zhongyin International maintains a "Buy" rating for Bilibili-W (09626) and raises the target price from HKD 242 to HKD 270, while the target price for Bilibili (BILI.US) in the US market is increased from USD 31 to USD 35 [1] Group 1: Game Performance - Bilibili's self-developed mini-game "Escape from Duckkov" achieved 2 million sales globally on PC platforms from October 16 to October 28, exceeding market expectations [1] - The success of the game is attributed to its innovative PvE mode, high interactivity, and frequent updates that enhance the entertainment experience [1] Group 2: Future Growth Potential - The company is expected to introduce official collaboration models, multi-terminal versions, controller support, and various IP forms of operation, which will further unlock its value [1] - The blockbuster game is projected to drive a 2% increase in total revenue and a 10% increase in adjusted operating profit for Q4 2025 [1]
中银国际:升哔哩哔哩-W(09626)目标价至270港元 爆款《逃离鸭科夫》初显成功IP潜力可期