Morgan Stanley: Believes that the stock price of Bilibili (09626) will increase in the next 30 days, positive reaction from the buyback plan.

Morgan Stanley released a research report stating that they believe the stock price of BILIBILI-W (09626) will increase in absolute value in the next 30 days, with the probability of this happening estimated to be over 80% (or "highly likely"). This is mainly due to the company announcing a new share buyback plan, where they will repurchase up to $300 million worth of shares within the next 24 months, representing approximately 4.5% of its market value. The buyback will be conducted through the open market, block trades, or other permitted methods. The bank points out that although Bilibili's fundamentals are solid, the stock price has fallen in the past month due to market concerns about TENCENT (00700) reducing its holdings, and they expect the stock price to respond positively to this share buyback plan.