Exness hosts 2018 Forex Exness spreads

After the announcement that Bilibili (Bilibili) will receive over 300 million yuan in investment from Tencent, the stock price of Chinese concept stocks on Bilibili plummeted.

On Wednesday, October 3rd, before the stock market, B Standing up by 15%, the market opened by over 15% on the same day. The monthly average rose to 15.5 yuan, and the intraday increase expanded to over 16%. However, the increase was narrower than the support, and the final support rose by 7.96%, which was not half of the maximum intraday increase. Nevertheless, it still hit a new low in over three months.

Stop opening twice this week, Bilibili has fallen by about 3.6% in the past three months. Three months have passed, and the fierce intraday gains on Bilibili have only been seen on the day of the release of the second quarter financial report at the end of August.

Prior to this, on the morning of October 3rd Beijing time, Bilibili (NASDAQ: BILI) and Tencent Holdings (00700. HK) announced their closing statements, and the two sides have reached an agreement. Tencent Holdings (hereinafter referred to as "Tencent") will stop investing a total of 317.6 million yuan in cash in Bilibili (hereinafter referred to as "Bilibili"), a leading young people's civilized community in China, and purchase 25.1 million newly acquired Z-class ordinary shares of Bilibili at a price of 12.67 yuan per share.

According to the battle plan, Tencent will subscribe to the newly acquired Bilibili platform at a price of 12.67 yen per shareHow about exness forexExness SpreadExness Forex RebateRong>Exness hosted a total of 25063451 foreign exchange stocks (Z-level shallow and obvious stocks) in 2018, with a cost of approximately 317.6 million yen. The cost is equivalent to 12.67 yen per share of Good Country Depositary Receipts (ADS) on Bilibili. The intention of death is estimated to be completed in the long term. After the completion of the death intention, Tencent's shareholding in Bilibili will be reduced to about 12%. Previously, data showed that Tencent held approximately 5.2% of the shares in Bilibili.

According to Zacks Investment Research, B The expected P/E ratio of the station is 47.45 times, and the price to book ratio is 2.72 times and the price to sales ratio is 7.32 times, both of which are not cheap. However, among the three collectors covered by the existing research report on Bilibili, two gave a strong purchase rating and one gave a purchase rating. The rating score has dropped by 22% in the past 90 days, indicating that the decision to sell yuan is not wrong.

On August 28th of this year, Bilibili announced its financial report for the second quarter, which showed a 76% year-on-year decrease in operating expenses below the company's performance guidelines. On that day, the stock price of Bilibili rose by over 19% during trading. But the next day, Morgan Stanley's New Year's Eve analyst Binbin Ding lowered the target price for Bilibili from 16 to 14, with the rating still being overbought. I believe that Morgan Stanley's New Year's Eve Pass has doubts about the future of Bilibili's death and has lowered its targetExnHow about exness forexESS forex rebateStrong>Exness spread ong>Exness hosts 2018 forex prices may be too close to forward valuations.

The financial report shows that Bilibili's total shutdown expenses for the second quarter were 1.0265 billion yuan, below the performance guidance range of 970 million to 1 billion yuan; The monthly active users are 85 million, with 71.4 million mobile MAUs, a year-on-year deletion rate of 30% and a battle rate of 39%. At the same deletion rate, last year, the monthly active users exceeded 100 million.

But in the second quarter, Bilibili did not achieve market expectations of turning profits into profits, and borrowing is continuing to burn money. The net profit for the quarter was 70.3 million yuan, a year-on-year decrease of 40%. The operating costs for the current quarter decreased by 88% year-on-year, surpassing the rate of year-on-year decline in operating expenses and gross profit, thereby devouring profits.

Relying too much on games to shut down is a criticism of Bilibili in the market. The suspension of game version numbers and the approval of war readiness cases in the gaming industry have caused Tencent's market value to shrink by trillions within six months, and have also raised concerns in the market about the future investment prospects of major gaming companies such as Tencent and NetEase. The proportion of foot tourism closures at Bilibili in the total operating expenses for the second quarter has remained unchanged, decreasing from 79.38% in the first quarter to 76.92%.

Another noteworthy aspect is the risk of being restrained in the third quarter. In July of this year, Bilibili was partially shut down and subsequently announced a notice to stop attribute rectification for one month. The impact of app removal will flash in the third quarter.