Hong Kong stock market anomaly | BILIBILI-W rose more than 4%. The continuous issuance and increase in the number of game licenses may drive the valuation of the gaming sector higher.
BILIBILI-W's stock price rose by over 4% to reach HKD 83.7, with a trading volume of HKD 65.76 million. The latest data shows that in February, a total of 111 domestic online games obtained licenses, including highly anticipated big IP games like "Black Myth: Wukong" and "Infinite Warmth". The future development prospects of the gaming industry look promising, with the increase in the number of licenses and the acquisition of heavyweight games expected to drive up the industry's valuation. In addition, Alphabet-C's foundational world model Genie is poised to provide support for game scene generation.
Zhitong App learned that BILIBILI-W (09626) surged over 4%, up 4.1% at the time of publication, reaching HKD 83.7 with a turnover of HKD 65.76 million.
On the news front, on February 27th, the National Press and Publication Administration released the approval information for domestic online games in February, with a total of 111 games obtaining licenses. Among them, games with major IPs such as "Black Myth: Wukong" and "Infinite Love" are highly anticipated by the industry and have significant market influence. As of now, the number of licenses has steadily exceeded one hundred for three consecutive months and is showing an increasing trend. The gaming industry has seen continuous positive developments at the beginning of the year, with AI computing power iterations catalyzing growth; MR devices driving platform transformation, multi-terminal interoperability becoming a trend; and the deep empowerment of high-quality IPs, games with premium content and gameplay are expected to steadily develop.
Open Source Securities released a research report stating that 111 domestic game licenses were issued in February 2024. The firm believes that the number of game licenses in 2024 is expected to increase from the base of 2023. The continuous issuance of licenses, the increase in the number of licenses, and the approval of heavyweight games are beneficial for boosting industry development and market confidence, potentially driving up the valuation of the gaming sector. In addition, Alphabet-C released the foundational world model Genie, which generates interactive environments to assist in game scene creation, suggesting an increase in allocation to the gaming sector.