Industry trends & Company News
The total box office of new films in the Spring Festival (including point screening) exceeded 40 million
New action of byte Entertainment: acquisition of “shadow Utopia” and “always reading comics”
Disney set up an international content creation center to promote streaming media business
Important announcements of listed companies
Mango Excellent Media Co.Ltd(300413) : performance forecast for 2021
Perfect World Co.Ltd(002624) : performance forecast for 2021
Investment advice
This week, the culture and media industry continued to cool down, and the concept stocks of the meta universe in the industry showed the characteristics of rotation. Previously, the stocks with too high growth had a callback market, and the low-level radio and television and cinema stocks were relatively active. This week, we continue to suggest to pay attention to the driving effect of yuancosmos theme on low-end stocks in the industry. China’s leading Internet companies continue to promote the layout of yuancosmos, 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. Investors are advised to pay attention to relevant companies with stable performance growth + continuous benefits; In addition, as the Spring Festival is approaching, the overall quality of films in this year’s schedule is excellent. We suggest paying attention to the investment opportunities of producers and distributors of popular films. To sum up, we maintain the “optimistic” investment rating of the media industry and recommend Focus Media Information Technology Co.Ltd(002027) (002027), Bluefocus Intelligent Communications Group Co.Ltd(300058) (300058), Hubei Century Network Technology Inc(300494) (300494), Kunlun Tech Co.Ltd(300418) (300418), China Film Co.Ltd(600977) (600977).
Risk tips
Macroeconomic downturn; Major policy changes in the industry; Industry demand does not meet expectations; The progress of state-owned enterprise reform did not meet expectations, and the black swan incident continued to have an impact.
