Key investment points:
Industry trends & Company News
Kwai signed European crown copyright
TVB announced to stop all crew shooting
State Intellectual Property Bureau: 16000 yuan cosmic trademark applications have been filed, and malicious registration such as rubbing hot spots has been severely cracked down? Important announcements of listed companies
Mango Excellent Media Co.Ltd(300413) : 2021 performance express
Investment advice
This week, the performance of the cultural media industry was in the doldrums, and the low-level radio and television stocks in the industry made up for the rise, while the stocks in other sectors performed poorly. This week, we continue to suggest that the central line pay attention to the driving role of the theme of Yuan universe in the industry. China’s leading Internet companies continue to promote the layout of Yuan universe, and some local governments have successively issued relevant policies to support the development of the industry. Therefore, the benefits of the theme are in the continuous release. It is suggested that investors pay attention to relevant companies with stable performance growth + continuous benefits; Second, we suggest paying attention to the leading companies related to the low-level film and television sector. The trend of steady recovery of the industry is obvious. The continuous enhancement of the competitive advantage of the leading companies and the relatively low valuation make them have a certain investment value at present; Finally, we suggest paying attention to the radio and television sector. The industry valuation is relatively low. The continuous integration of the national one network will form a strong support for the overall competitiveness of the industry in the future. To sum up, we maintain the “optimistic” investment rating of the industry and recommend Focus Media Information Technology Co.Ltd(002027) ( Focus Media Information Technology Co.Ltd(002027) ), Guangzhou Jinyi Media Corporation(002905) ( Guangzhou Jinyi Media Corporation(002905) ), Hubei Century Network Technology Inc(300494) ( Hubei Century Network Technology Inc(300494) ), Wasu Media Holding Co.Ltd(000156) ( Wasu Media Holding Co.Ltd(000156) ), China Film Co.Ltd(600977) ( China Film Co.Ltd(600977) ).
Risk tips
Macroeconomic downturn; Major policy changes in the industry; The demand of the industry does not meet the expectation; The progress of state-owned enterprise reform did not meet expectations, and the black swan incident continued to have an impact.
