This article originated from: China Fund News
The 2020 Spring Festival movie is known as "the strongest in history", and there have been "Chinese Women's Volleyball", "Chinatown Detective 3", "囧Mom", "Jiang Ziya", "Emergency Rescue", etc. Movie trailers. No, in the A-share and Hong Kong stock markets, film and television stocks have performed very fast in the past two days!
Today, many media, film and television listed companies staged a daily limit wave. Recently, related industry indexes have risen rapidly, and many companies have also obtained Northbound funds to increase their positions. According to the performance of private equity investment managers, they have already deployed film and television stocks two or three months ago, because they are optimistic about the bottom of the industry, this wave of oversold rebound is very strong, but they are more optimistic about long-term performance.
The Spring Festival market started ahead of schedule.
Many film and television stocks rose sharply
Today, A-shares, Hong Kong stocks, media and film stocks performed very hotly, and many stocks were on the upswing and staged a daily limit wave, including Great Wall Film and Television, Contemporary Mingcheng, Ciwen Media, Publishing Media, Meisheng Culture, etc.
Maoyan Entertainment, a Hong Kong-listed company, rose sharply for three consecutive days, and today it soared again by 6.27% to close at HK$12.88.
In the capital market, the Lunar New Year film market started ahead of schedule, and related stocks have been very active recently. The Shenwan Film and Television Animation Index has been continuously rising recently. The performance of listed companies including Hengdian Film and Television, Guangguang Media, Ciwen Media, Chinese Film, Huayi Brothers, and Xiangyuan Culture has been remarkable. At the same time, some film and television stocks have recently received a large increase in capital from the north, including leading stocks such as Guangguang Media and Wanda Film and Television.
"the strongest in history" Spring Festival file is coming
related listed companies have performance?
The 2020 Spring Festival movie can be described as "the strongest in history" and "fairies fighting", and the war has begun. From the current point of view, the Chinese New Year films that audiences are looking forward to include "Chinese Women's Volleyball", "Detective Chinatown 3", "囧Mom", "Jiang Ziya", "Emergency Rescue", "Pioneer", etc., all of which are quite appealing. The listed companies involved in the back include Wanda Films, China Films, Light Media, etc.
First of all, let’s take a look at the "Chinese Women's Volleyball" adapted from the real events of the Chinese National Women's Volleyball Team. It is directed by Chen Kexin, written by Zhang Ji, and starring Gong Li. It tells the struggle of several generations of Chinese women's volleyball team and their tenacious struggle for the country. The touching story of winning glory will move many viewers. Currently, it ranks relatively high in the most anticipated movies of Maoyan.
The comedy movie "Chinatown Detective 3" is also very popular, starring Liu Haoran and Wang Baoqiang, and Zhang Zifeng's sister will also return. This time Chinatown Detective moved to Japan and filmed in Tokyo. The film will continue the funny and suspenseful tone of the first two films. With the first two as a foreshadowing, I believe "Detective Chinatown 3" will achieve a good result. The production companies behind it include Wanda Films and Chinese Films.
and "囧Mom" directed by Xu Zheng are also highly anticipated by the audience. The cast is composed of Yuan Quan, Xu Zheng, Wang Zulan, and Peng Yuchang. As the fourth work of Xu Zheng's "囧 series", it tells the healing process of a mother and child. "囧 Mom" will enrich the perspective of women and explore family relationships.
The fire of "Nezha" in the previous summer vacation has allowed the audience to see the continuous progress of Chinese animation films. At the end of the Nezha movie, the ending sentence "Jiang Ziya, You Can Convict", unveiled the next work "Jiang Ziya" The veil made countless people care about this "Jiang Ziya".
This story tells the story of Jiang Ziya who was demoted to the mortal world due to a short period of time after the Conferred God War, lost his supernatural power, and was cast aside by the world. In order to return to Kunlun, Jiang Ziya embarked on a journey to find himself. Therefore, the audience also have high hopes for its box office, whether "Jiang Ziya" will be another dark horse in the domestic movie box office rankings. The production companies behind it include Light Media, Caitiaowu Pictures, Beijing Zhongchuan Hedao Culture, etc.
also has "Emergency Rescue", a sea rescue movie directed by Lin Chaoxian, starring Peng Yuyan, Wang Yanlin, Xin Zhilei and Lan Yingying. Lin Chaoxian's "Operation Mekong" and "Operation Red Sea" have achieved high reputation and high box office. He refreshed the public's recognition of the main theme film, without the meaning of preaching but let everyone feel the feelings of home and country, so the audience is also about this Full of expectation. The production companies behind it include People's Communications Publishing House, China TV Fashion Film, Emperor Pictures, Tencent Pictures, Bona Pictures, Maoyan Weiying, etc. Data from
shows that in the past ten years, the overall trend of the Spring Festival box office has been upward.The box office of the Spring Festival stalls increased from 340 million yuan in 2010 to 5.84 billion yuan in 2019, a compound annual growth rate of 37.15%; the proportion of the stall box office in the whole year also increased to 9.39% in 2018. We look forward to the box office performance of the Spring Festival next year.
private equity has long been ambushing film and television stocks
institutions are optimistic about the opportunity for oversold rebound
"We have laid out film and television stocks two or three months ago, and have been holding them, optimistic about the bottom of the industry. This wave of rebound has also been seized." Beijing Said a medium-sized private equity investment manager.
He told the fund manager that the film and television stocks have fallen for four years, and there is a mid-to-long-term logic for the future rise: first, the industry has basically bottomed out and the valuation is relatively cheap. In the past few years, due to restrictions on entertainment, star salaries, mergers and acquisitions, etc. Listed companies in this area have experienced a goodwill bath, and clearing is relatively strong. Now many companies are valued more than ten times, relatively cheap in the TMT industry, and policies have also been relaxed; second, next year 5G mobile phones will come out, and the market will run out of hardware speculation Software speculation, games, media and other sectors have been favored by funds; thirdly, before the Spring Festival every year, film and television stocks will have a wave of market. This year it is expected that the Spring Festival will perform better, so the film and television media will start first.
However, the investment manager believes that the recent film and television stock market should be defined as a round of oversold rebound, rather than a reversal. "Because the film and television industry has bottomed out and the valuation is too cheap, the market is willing to speculate first, but in fact the turning point of the industry has not yet arrived, and we have not yet seen the growth of the entire industry. But we are optimistic about the long-term opportunities of film and television stocks in the future. The three points mentioned above are not short-term logic. "
Guosen Securities believes that the media industry will welcome a new growth cycle in 2020. The long-term terminal demand is still strong, and the content-side competition pattern is improving, and the industry chain is expected to usher in the redistribution of the value chain. With the rapid implementation of 5G, cloud computing, AI, AR/VR and other emerging technologies gradually mature, medium and long-term driving industries usher in sectoral opportunities, while the A-share media sector is relatively fully adjusted, and low valuations and low market capitalization overlap the new growth cycle of the industry , With upward space.
Fortune Securities said that it pays attention to the market of cloud games and Lunar New Year movie. In terms of TV dramas, the recent backlog of costume dramas has accelerated. In the past, high-cost inventory dramas have gradually been digested. The cost of new startup projects in the second half of the year will become more reasonable. In terms of movies, the growth rate of the national movie box office and the number of viewers has turned from negative to positive. In December, it enters the movie Lunar New Year period. Many high-quality domestic films will be released one after another, which is expected to drive the box office growth to continue to rise. In the short term, we can pay attention to the increase in box office growth. The operating recovery of theaters and the higher-than-expected single-chip box office market brought about.
