Review of market and sector trends: last week, the media sector index rose 0.10%, the Shanghai Composite Index rose 0.80%, the Shenzhen Component Index rose 1.78%, and the gem index rose 2.93%. The top three sectors Rose: Zhewen Pictures Group Co.Ltd(601599) (+ 17.85%), Ciwen Media Co.Ltd(002343) (+ 12.50%), Omnijoi Media Corporation(300528) (+ 11.24%); The top three declines in the sector: China stock market news (- 14.65%), Inly Media Co.Ltd(603598) (- 9.03%), Beijing Jetsen Technology Co.Ltd(300182) (- 7.94%). Last week, the NASDAQ China technology index fell 2.58% and the Hang Seng China enterprise index fell 2.81%.
One week view: the yuan universe index rose 2.67% last week, ushering in a rebound repair. Metauniverse is the main line in the medium and long term, and the short-term valuation needs to take into account the current performance growth. Gartner's latest forecast report says that 25% of people will work, shop, study, socialize or entertain in metauniverse for at least one hour every day in 2026, and 30% of enterprises and institutions around the world will have products and services for metauniverse. The New York Stock Exchange applied to enter the non homogenous token (NFT) market. Hong Kong's first yuan universe ETF, the South East British yuan universe concept ETF, is scheduled to be listed on February 21. The layout of giant companies that continue to pay attention to the advantages of cutting-edge technology, as well as companies with clear business endogenesis in A-Shares and close combination with new technologies of meta universe, such as [ Three'S Company Media Group Co.Ltd(605168) , yao ji, blue label, vision, Beijing Fengshangshiji Culture Media Co.Ltd(300860) , related to cultural exchange], etc.
The "digital economy" continued to deepen, and the top-level design policy was issued to start the boom of relevant industries. On February 16, the important article of Xi Jinping General Secretary published in Qiushi pointed out that we should speed up the pace of legislation in the fields of digital economy and guide the stable and healthy development of the industry; On the 17th, the national development and Reform Commission issued a notice jointly with multiple departments, agreeing to start the construction of National Computing hub nodes in 8 places such as Beijing, Tianjin and Hebei, the Yangtze River Delta and the Great Bay area of Guangdong, Hong Kong and Macao, and plan 10 clusters of national data centers, marking the official and comprehensive start of the "computing from the east to the west" project. According to relevant experts, the "counting from the east to the west" project will invest hundreds of billions of yuan a year or leverage 8 times the investment in relevant industries. Under the medium and long-term trend of "digital economy", it is suggested to pay attention to [ Zhejiang Daily Digital Culture Group Co.Ltd(600633) (layout of data storage, data trading, digital security and other fields, the largest shareholder of Zhejiang Big Data Trading Center), Zhejiang Century Huatong Group Co.Ltd(002602) (jointly build a 45 billion scale Shanghai Yangtze River Delta artificial intelligence Supercomputing Center with Tencent)].
Under economic pressure, Internet leaders may assume more social responsibilities and pay attention to marginal changes in regulation. On February 18, the national development and Reform Commission and other departments issued several policies on promoting the recovery and development of difficult industries in the service industry, guiding Internet platform enterprises such as takeout to further reduce the service fee standard of catering merchants and reduce the operating costs of relevant catering enterprises. [meituan and Ali (hungry)] will give phased service fee concessions to catering enterprises in areas with medium and high risk of the epidemic. There is no need to be overly pessimistic about short-term profit transfer. The role of Internet platform in the new era lays the bottom of value.
Key tips: 1) relatively high prosperity track, financial technology [Dongcai, etc.]; Short video [quick hand (February overseas gold shares, quick game and G-Bits Network Technology(Xiamen)Co.Ltd(603444) jointly set up Kwai Chi Kwai Fung fund, mining and supporting outstanding game talents)] Medium video [beep beep beep]; Technological innovation [Xiaomi, baidu]; Long video [mango], etc; Online recruitment [boss direct employment], marginal improvement of real estate [shell], etc.
2) in the game sector, the policy level pays attention to the progress of version number recovery, and the fundamentals pay attention to the launch of key products and subsequent profit release. On the eve of the Spring Festival, a number of new tours were launched and the spring festival activities were superimposed to promote the growth of flowing water. According to Gamma data, the scale of China's mobile game market in January 22 was 22.24 billion, an increase of 20.25% month on month. Focus on the head [Tencent ("pubgmobile" won the global mobile game best seller list in January, and "glory of the king" ranked No. 2 on the list), and Netease ("lead the land" ranked No. 10 on the best seller list on the 18th], China [Panax notoginseng, perfect, G-Bits Network Technology(Xiamen)Co.Ltd(603444) (No. 6 in the best seller list of Yinian Xiaoyao on the 18th), Zhejiang Century Huatong Group Co.Ltd(002602) , giant, Fuchun, Yaoji, Baotong, Caesar, Huali, Xinghui, Kunlun, Hong Kong stocks [celadon, China Mobile Games, IgG, chizicheng technology], VR technology [Silk Road, Hengxin, Jiachuang], etc.
3) film section, focusing on post epidemic repair opportunities. Focus on animation film leader [light (expected to realize parent net profit of 170 ~ 220 million in 21 years, yoy-24.4% ~ - 41.6%)], cinema and content compound leader [Wanda (cost decreases after the epidemic, expected to realize parent net profit of 90 ~ 130 million in 21 years)], Internet platform [cat's eye], etc.
4) generation Z and community, maintaining high growth and high stickiness. Pay attention to [Bili], trendy play [bubble Mart] and [Chuang Meng, aofei], etc; [online Q & A], online music [online Q & A], online IP, etc.
5) Kwai tiktok and industrial chain, electronic business platform [Jingdong, many spells, Ali] and live platform [vibrato (tiktok and overseas TikTok1 monthly rep champion), fast hand], industry chain [ Saturday Co.Ltd(002291) , Yao Ji, gravity], marketing technology [sub audiences, blue signs, visual] etc., bytes benefit [ Three'S Company Media Group Co.Ltd(605168) , Zhewen Interactive Group Co.Ltd(600986) ], etc. Community retail [meituan, Youxian daily, dingdong (21 revenue yoy + 78%, striving to make 22q4 nearly profitable nationwide)]; WeChat eco electric SAAS[has a good reputation (promotion function upgrade, through links in tiktok, headband with goods), micro alliance.
Risk warning: epidemic impact, economic and political environment risk, stricter supervision, goodwill impairment risk
