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BILI

Bilibili

$11.88

-1.08 (-8.33%)

, TCEHY

Tencent

$0.00

(0.00%)

08:42
10/25/18
10/25
08:42
10/25/18
08:42

Bilibili, Tencent partner to broaden anime and games content for Gen Z platform

Bilibili Inc. (BILI) and Tencent Holdings (TCEHY) announced that they have entered into a strategic collaboration agreement for sharing and operating existing and additional anime and games on Bilibili's leading online entertainment platform for young generations in China. Under the Agreement, Bilibili and Tencent will participate in the exchange and purchase of existing anime copyright, and jointly procure, produce and invest in anime projects, as well as seek investment opportunities in the animation and comic industry. In addition, Bilibili will expand its cooperation with Tencent by jointly operating more Tencent games on Bilibili's platform. The Agreement follows a previously announced investment by Tencent of approximately $317.6M in cash in Bilibili, bringing Tencent's ownership to approximately 12% of Bilibili's total issued shares.

BILI

Bilibili

$11.88

-1.08 (-8.33%)

TCEHY

Tencent

$0.00

(0.00%)

BILI Bilibili
$11.88

-1.08 (-8.33%)

05/07/18
JPMS
05/07/18
INITIATION
Target $14
JPMS
Overweight
Bilibili initiated with an Overweight at JPMorgan
JPMorgan analyst Alex Yao started Bilibili with an Overweight rating and $14 price target. The company is an "undisputed vertical leader" among video content platforms targeting Generation Z, with "unique social features and rich content library" in animation, comics and gaming, Yao tells investors in a research note. He believes Bilibili's "multifaceted" revenue models are at the early development stage.
05/07/18
05/07/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN) initiated with an Outperform at Telsey Advisory. 2. Zuora (ZUO) initiated with a Buy at Needham and Jefferies, an Equal Weight at Morgan Stanley, and a Neutral at Goldman Sachs. 3. Bilibili (BILI) initiated with an Overweight at JPMorgan. 4. Cloudera (CLDR) initiated with a Buy at Craig-Hallum. 5. Scynexis (SCYX) assumed with a Buy at H.C. Wainwright. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/24/18
MSCO
09/24/18
DOWNGRADE
MSCO
Equal Weight
Bilibili downgraded to Equal Weight from Overweight at Morgan Stanley
09/24/18
09/24/18
DOWNGRADE
Target $11

Equal Weight
Morgan Stanley downgrades Bilibili to Equal Weight after pushing out profit view
As previously reported, Morgan Stanley analyst Alex Poon downgraded Bilibili to Equal Weight from Overweight, telling investors that he thinks the company's transformation from a game-centric company to a profitable social platform is still in its early stages. Given that its investments are outpacing revenue growth, Poon does not expect operating profit to turn positive until 2020, he stated. While he remains positive on the long-term story, the valuation of Bilibili shares "appears full," added Poon, who lowered his price target on the stock to $11 from $13.50.
TCEHY Tencent
$0.00

(0.00%)

08/16/18
JEFF
08/16/18
NO CHANGE
Target $90
JEFF
Buy
China approval freeze creates buying opportunity in Activision, says Jefferies
Jefferies analyst Timothy O'Shea said he views China having frozen mobile game approvals as a temporary problem and "mostly a non-issue" as only the monetization approval process has been frozen, not the content approval process, and he note administrators are already implementing a fast-track approval process to alleviate the problem. Activision Blizzard's (ATVI) upcoming Call of Duty mobile game was expected to launch in China this year, but O'Shea said this is a smaller game that is not in his estimates, adding that Tencent (TCEHY) gets 70% of the revenue under its deal for the game. Activision has a pipeline of new mobile games coming that he would still expect to launch in China over time and O'Shea sees the 15% pullback in the game maker's shares in the last month as a buying opportunity, he tells investors. He maintains a Buy rating and $90 price target on Activision Blizzard shares.
08/20/18
NOMU
08/20/18
NO CHANGE
NOMU
Buy
China watchdogs said to likely restart game reviews soon, says Nomura Instinet
Nomura Instinet analyst Jialong Shi noted that over the weekend posts on Weibo said China's online game watchdogs will likely restart game reviews as early as September, adding that a few of his online gaming contacts have also heard lately from relevant watchdogs that the review of new games should restart soon. If game reviews do resume in September, Tencent's (TCEHY) PUBG Mobile and Fortnite are likely to receive licenses for monetization in Q4 at the earliest, said Shi, who believes Tencent and NetEase (NTES) would benefit from improved sentiment and outlooks if Chinese regulators restart reviews.
08/22/18
LEHM
08/22/18
NO CHANGE
Target $55
LEHM
Overweight
Tencent price target lowered to $55 from $59 at Barclays
Barclays analyst Gregory Zhao lowered his price target for Tencent Holdings to $55 following the company's Q2 results to reflect the impact from monetization approval delay to mobile gaming revenue as well as the negative efforts to interest revenue due to the deposit rate increase. The analyst keeps an Overweight rating on the shares.
09/13/18
GSCO
09/13/18
INITIATION
Target $31.9
GSCO
Buy
Pinduoduo initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Piyush Mubayi started Pinduoduo (PDD) with a Buy rating and $31.90 price target, identifying it as the "fastest-growing internet company in the world" in terms of revenue growth. He sees Pinduoduo being well positioned to benefit from continuous growth of China e-commerce based on its popular app and Tencent's (TCEHY) social networks.

TODAY'S FREE FLY STORIES

YARIY

Yara

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CTVA

Corteva

$25.20

0.23 (0.92%)

20:49
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UTX

United Technologies

$125.30

0.45 (0.36%)

, SNE

Sony

$51.42

1.735 (3.49%)

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UTX

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0.45 (0.36%)

SNE

Sony

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1.735 (3.49%)

GRUB

GrubHub

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AMZN

Amazon.com

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GS

Goldman Sachs

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0.24 (0.13%)

DB

Deutsche Bank

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BA

Boeing

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RTN

Raytheon

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0.195 (0.11%)

MCK

McKesson

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-1.7 (-1.26%)

CAH

Cardinal Health

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ABC

AmerisourceBergen

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GM

General Motors

$35.66

-0.36 (-1.00%)

18:49
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T

AT&T

$32.36

0.06 (0.19%)

, CMCSA

Comcast

$42.31

0.62 (1.49%)

17:58
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On The Fly
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T

AT&T

$32.36

0.06 (0.19%)

CMCSA

Comcast

$42.31

0.62 (1.49%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$51.42

1.735 (3.49%)

LGF.A

Lionsgate

$12.22

-0.85 (-6.50%)

DIS

Disney

$141.64

-0.09 (-0.06%)

VIAB

Viacom

$29.38

-0.28 (-0.94%)

VIA

Viacom

$34.61

0.14 (0.41%)

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GS

Goldman Sachs

$191.71

0.24 (0.13%)

17:43
06/16/19
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17:43
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17:43
Periodicals
Goldman Sachs combining private-investing units, WSJ reports »

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DB

Deutsche Bank

$6.79

-0.07 (-1.02%)

17:38
06/16/19
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17:38
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Deutsche Bank to set up EUR50B bad bank, Financial Times reports »

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UAL

United Continental

$87.10

(0.00%)

16:35
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16:35
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Tires blow on United jet during Newark airport landing, Reuters reports »

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TGT

Target

$87.83

-0.48 (-0.54%)

16:33
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16:33
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16:33
Periodicals
Target registers back online after outage blamed on tech issue, Reuters says »

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INTC

Intel

$46.18

-0.54 (-1.16%)

16:30
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Intel announces program for Israeli startups targeting tech inflections »

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BA

Boeing

$347.19

-1.54 (-0.44%)

16:27
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16:27
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16:27
Periodicals
Boeing says will take time to rebuild customer confidence, Reuters reports »

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GS

Goldman Sachs

$191.71

0.24 (0.13%)

16:19
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16:19
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Periodicals
Goldman Sachs skeptical of 'insurance' rate cuts from Fed, Reuters says »

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BA

Boeing

$347.19

-1.54 (-0.44%)

16:16
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Trials nearing for Boeing 737 Max fix, WSJ reports »

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ESLT

Elbit Systems

$154.55

0.55 (0.36%)

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AMGN

Amgen

$176.09

-0.74 (-0.42%)

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  • 16

    Sep

SILK

Silk Road Medical

$44.80

-0.95 (-2.08%)

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EDIT

Editas Medicine

$21.72

-0.78 (-3.47%)

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SNSS

Sunesis

$0.90

-0.055 (-5.79%)

13:28
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APLS

Apellis

$21.22

-0.14 (-0.66%)

13:23
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FTSV

Forty Seven

$10.55

-0.02 (-0.19%)

13:16
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AZN

AstraZeneca

$39.68

-0.23 (-0.58%)

13:06
06/16/19
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AstraZeneca announces results from interim analysis of Phase 2 ASCEND trial »

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  • 20

    Jun

STRO

Sutro Biopharma

$11.17

-0.34 (-2.95%)

13:02
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Sutro Biopharma announces interim Phase 1 safety data for STRO-001 »

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BPMC

Blueprint Medicines

$90.65

-0.35 (-0.38%)

12:59
06/16/19
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Blueprint Medicines presents updated EXPLORER trial data for Avapritinib »

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  • 18

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INCY

Incyte

$77.76

1.385 (1.81%)

12:52
06/16/19
06/16
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12:52
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Incyte announced results from Phase 2 study of Ruxolitinib cream in vitiligo »

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  • 17

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ABBV

AbbVie

$78.69

-0.27 (-0.34%)

, INCY

Incyte

$77.76

1.385 (1.81%)

04:55
06/16/19
06/16
04:55
06/16/19
04:55
Conference/Events
European Hematology Association to hold a conference »

24th EHA Congress 2019…

ABBV

AbbVie

$78.69

-0.27 (-0.34%)

INCY

Incyte

$77.76

1.385 (1.81%)

ARQL

ArQule

$8.17

1.88 (29.89%)

AMGN

Amgen

$176.09

-0.74 (-0.42%)

ALXN

Alexion

$117.94

0.65 (0.55%)

AGIO

Agios Pharmaceuticals

$47.97

-1.78 (-3.58%)

AZN

AstraZeneca

$39.68

-0.23 (-0.58%)

BLUE

Bluebird Bio

$117.57

-6.33 (-5.11%)

BMY

Bristol-Myers

$47.57

0.25 (0.53%)

CELG

Celgene

$96.49

0.07 (0.07%)

NVS

Novartis

$89.52

-0.07 (-0.08%)

NSTG

NanoString

$25.96

0.45 (1.76%)

KPTI

Karyopharm

$5.71

-0.04 (-0.70%)

JAZZ

Jazz Pharmaceuticals

$130.43

0.28 (0.22%)

GSK

GlaxoSmithKline

$40.12

0.015 (0.04%)

GILD

Gilead

$66.38

-0.62 (-0.93%)

DSNKY

Daiichi Sankyo

$0.00

(0.00%)

PFE

Pfizer

$42.75

0.24 (0.56%)

PTLA

Portola Pharmaceuticals

$25.78

-0.31 (-1.19%)

QGEN

Qiagen

$39.52

-0.07 (-0.18%)

RHHBY

Roche

$0.00

(0.00%)

RIGL

Rigel Pharmaceuticals

$2.06

-0.06 (-2.83%)

SNY

Sanofi

$42.46

-0.225 (-0.53%)

SGEN

Seattle Genetics

$68.67

-0.33 (-0.48%)

STML

Stemline

$14.20

0.12 (0.85%)

VSTM

Verastem

$1.39

0.125 (9.88%)

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