Market Review]:
◼ Last week, the media sector closed up for the week, slightly underperforming the market. The Shenwan Media Index rose by 0.55% for the week, underperforming the Shanghai Composite Index, Shenzhen Component Index and ChiNext Index, and ranked 9th among 28 Shenwan first-level industries. ◼ From the perspective of industry segments, other Internet services performed the best last week. The Shenwan third-level index rose 2.40%, and the mobile Internet service sector performed the worst, with the Shenwan third-level index down 0.80%. ◼ In terms of individual stocks, the top five gainers are Huayi Jiaxin (47.73%), Baofeng Group (15.68%), Chenxin Technology (15.68%), Zhongchang Data (10.22%), and Ziguangguangda (9.99%) ); The bottom five on the increase list are *ST Yinji (-40.00%), Aiglas (-14.92%), Meisheng Culture (-10.48%), Star Entertainment (-9.09%), Juli Culture ( -8.41%).
[Industry Observation]
◼ As of October 29, 91 companies in the Shenwan Media segment have announced their third quarter reports for 2019.
◼ The co-producer of "You Aiteng" boycotts artists' "playing big names" and "fighting for their position". The drama industry change is still in progress. The platform’s right to speak is strong, and the artist’s right to speak is weakened. On the one hand, production companies benefit from the improvement of the industry climate, and on the other hand, they also need to deal with the rise of platform self-control and strong position Threatened.
◼ "Chen Qing Ling" will land on Netflix on October 25th. The pace of domestic film and television dramas going overseas has accelerated. However, the current landing on overseas video platforms does not mean that they have overseas influence, but only means that overseas audiences have gradually opened up channels for accessing domestic film and television dramas. Successful cultural output also requires the launch of high-quality works.
◼ "Young You" was released suddenly and won the weekly box office championship.
investment logic:
's overall performance has recovered, and it will take time for the full growth to return. The growth of the industry is concentrated in digital publishing, paid video, animation and game innovation. Investment opportunities may appear in the mergers and acquisitions of traditional media companies such as publishing, radio and television, and investment opportunities. At the same time, there are signs of recovery of the leading performance of games and film and television industries.
recommends Mango SuperMedia (300413), China Publishing (601949), Wasu Media (000156), Perfect World (002624), Sanqi Mutual Entertainment (002555), Light Media (300251).
