2025.05.21
St. Louis Federal Reserve Bank President statement

Daily focusBilibili - W(9626)

Company’s outlook for 2025 is marked by confidence in sustained revenue growth and margin expansion, targeting a mid-to-long-term gross margin of 40%-45%. The company plans to continuously optimize its advertising resource integration and multi-platform marketing to drive high-quality growth in its advertising segment, leveraging AI-generated content (AIGC) technology to enhance ad delivery efficiency and user experience. On the gaming front, stable revenue growth is expected, supported by exclusive titles such as "Three Kingdoms: Strategy," while premium memberships and live streaming value-added services also show steady development, reinforcing user engagement and diversified monetization. With disciplined control over operating expenses, Bilibili aims to improve operational efficiency and profitability, projecting an operating margin of 15%-20% over the medium term. Overall, Bilibili is leveraging its robust content ecosystem and technological innovation to deepen community value extraction and lay a solid foundation for sustainable profitability.

  

St. Louis Federal Reserve Bank President statement

St. Louis Federal Reserve Bank President Alberto Musalem stated on Tuesday that tariffs may put pressure on the U.S. economy and weaken the labor market. At the same time, as the market focuses on the Federal Reserve’s interest rate policy direction, he pointed out that policymakers should closely monitor inflation expectations. As long as the U.S. public’s expectations for future price trends remain anchored at the Fed’s 2% target, the Fed will be able to make a “balanced response” in terms of both inflation and employment.

Southbound Stock Connect recorded a net inflow of HKD 6.33 billion on Tuesday. Meituan (3690) saw the largest net inflow at HKD 1.23 billion, followed by China Mobile (941). Xiaomi Group (1810) recorded the largest net outflow at HKD 310 million, followed by Tencent Holdings (700).

2025.05.20
Market Roundup

The Hang Seng Index (HSI) opened 66 points higher at 23,398 points, and closed the day at 23,681 points, up 349 points or 1.5%. The Hang Seng Tech Index closed at 5,315 points, rising 60 points or 1.15%. The China Enterprises Index (HSCEI) rose 128 points or 1.5%, closing at 8,589 points. CATL(3750) first day listing, closing at HKD 306.2, which is 16% above its offer price. Hansoh Pharmaceutical (3692) closed at HKD 24.8, up 5.7%. AliHealth (241) announced its earnings, showing an increase in gross profit margin, but its stock price fell 5.2%.

Source: KGI Investment Products and Solutions Department

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.

2025.05.13
How to Invest Amid Trump Turbulence? Focus on Buffett Backed Stocks

Hopes that the Fed might adopt preemptive easing due to tariff pressures were dashed, with markets now projecting rate cuts to begin as early as July. U.S. Treasury yields edged slightly higher. Tariff headwinds have intensified downside risks for China’s economy. The PBoC announced...

  

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