Market review this week (202205.16202205.22)
This week (202205.16202205.22), the Shanghai stock index rose 2.02%, the Shanghai and Shenzhen 300 rose 2.23%, the Hang Seng Index rose 4.11%, the Hang Seng technology index rose 6.08%, the Dow Jones industrial index fell 2.9% and the NASDAQ index fell 3.82%. Among the key stocks of Internet media: Offcn Education Technology Co.Ltd(002607) (+ 13.25%), Beijing Zhidemai Technology Co.Ltd(300785) (+ 11.76%), Saturday Co.Ltd(002291) (+ 8.59%); BiliBili SW (+ 18.82%), baidu SW (+ 18.28%), chuangmengtiandi (+ 16.3%), leading the increase this week; Iqiyi (+ 50%), sea (+ 29.63%), pinduoduo (+ 19.49%) increased more.
Alibaba Zhang Yong online platform Merchants: looking for the certainty of consumer demand in the uncertainty
On May 20, at tmall toptalk in 2022, Zhang Yong, chairman of the board of directors and CEO of Alibaba group, said at the meeting: “it is Alibaba’s bounden responsibility to stand firmly with platform merchants, meet consumer needs and improve the certainty of business operation. At the same time, I hope Alibaba’s services can give merchants more certainty. (Yibang power)
JD group disclosed 22q1 performance and improved supply chain efficiency with software and hardware strength
JD 1q22 achieved a revenue of 239.7 billion yuan, a year-on-year increase of 18%, and JD’s retail revenue was 217524 billion yuan, a year-on-year increase of 17.1%. Among them, 1) the income of electronic products and household appliances was 118368 billion yuan, a year-on-year increase of 13.8%; 2) The income of daily necessities was 86.048 billion yuan, an increase of 20.7% year-on-year (reflected in the shift of consumption from non necessities to daily necessities under the epidemic).
Investment advice
This week, the CPPCC held a special consultation meeting on “promoting the sustainable and healthy development of the digital economy”, further encouraging the expansion and strengthening of the digital economy and supporting the sustainable and healthy development of the platform economy and the private economy. We believe that the Internet media industry needs to continue to pay attention to the “two inflection points”, namely, the inflection point of regulatory certainty and the inflection point of the epidemic. At present, the regulatory certainty and visibility are increasingly enhanced, and we encourage the establishment of the healthy development trend of the platform economy. In the follow-up, with the gradual recovery of the epidemic, it is expected to return to the original growth track; At the same time, it has “three main lines”, namely:
1) the main line of big space and strong barriers, focusing on structural opportunities under the trend of slowing down of Internet market traffic dividends, it is suggested to pay attention to the targets with strong endogenous operation and organizational ability and large growth space of the company, and it is suggested to pay attention to meituan-w, Kwai-w, JD group-sw, Mango Excellent Media Co.Ltd(300413) Mango Excellent Media Co.Ltd(300413) , etc;
2) the main line of yuancosmos and going to sea, the frequent occurrence of relevant norms and support policies of yuancosmos, the promotion of the international competitiveness of platform companies is also the direction of policy encouragement, and the global competitiveness of China’s short video and mobile games products is prominent. It is suggested to pay attention to Tencent holdings, Wuhu 37 Interactive Entertainment Network Technology Group Co.Ltd(002555) etc;
3) the main line of industrial empowerment and hard technology, and the combination of consumer Internet and industrial Internet are the general trend. Some head companies have been deeply cultivated for many years and made preliminary progress. Hard technology is the long-term encouragement direction of policy. It is suggested to pay attention to Alibaba SW.
Risk tips
Intensifying geopolitical conflicts; Drastic changes in industry competition pattern; Long term suspension of edition number, etc
