Dual repair sector of business and emotions rose more than 4%to lead the market

Today, the film and television sector has performed outstandingly. Many stocks have daily limit. Only one hour after opening, the related industry ETF — Film and Television ETF (516620) increased by more than 4%, leading the market.

The film and television sector continued to strengthen today. Dinglong Culture, Wendou Holdings, Huanrui Century, Jinyi Film and Television and other stocks rose over 12%.

Specifically, as of April 26 this year, the Film and Television ETF (516620) fell more than 38%, experiencing a large degree of adjustment. After April 27, the film and television ETF (516620) gradually strengthened and turned on the rebound. But from the perspective of the year, as of June 29, the Film and Television ETF (516620) fell more than 28%.

According to a research report on Central Plains Securities, from the perspective of valuation, as of May 6, 2022, the PE of CITIC Media Industry was 18.36 times (TTM, eliminated negative values), which was 66%of the average PE since 2017. The number of 70%is below 2%of the historical divisions. The current valuation level is in the bottom range of history.

Industry insiders pointed out that the currently welcoming the film and television sector ushered in the dual reversal and repair of the business and emotions, and the sector is better.

On the news, from June 1, Shanghai has accelerated the restoration of normal life order; from June 6, most of Beijing resumed normal production and life order. Driven by these two first -tier cities, the resumption of work across the country has been accelerated. According to the professional version of the lighthouse, as of June 27, the number of theaters across the country resumed to 10,169, and the national cinema re -work rate reached 83.9%. The Shanghai Cultural and Tourism Bureau announced that it will gradually open the cinema and performance venues from July 8th.

In terms of fundamental perspective, the pre -sale box office of the summer season has exceeded 1.6 billion yuan. Many blockbusters help the market recovery, and the domestic film market is ushered in marginal improvement. The fixed calendar shows that on July 1, 23 films will be released nationwide. Including "Chinese Captain", "Section of Champions", "My Motherland", "Wandering Earth" and other domestic blockbusters will return to the screen on the same day. Statistics show that a total of 40 films will be released in July, and 8 movies will be released in August. Among them, the "Tanabata Festival" will usher in 6 movies on August 4th.

Tianfeng Securities believes that due to the repeated response and other factors, the film industry has faced pressure in the short term, but it is believed that the medium and long -term logic of high -quality movie leaders has not changed. SMEs will accelerate their clearing in the cold winter of the industry. It is expected to continue to improve. Considering the gradual recovery of the current order of the main cities, the film market is expected to usher in the dual repair of business and emotions. It is recommended that focusing on film head companies.

Central Plains Securities believes that with the return of social order to normal, and the recent release of imports, the domestic box office performance has improved significantly. The domestic theater's operating rate has returned to more than 80 %, and it will gradually be open and further increased with the theater in Shanghai. Entering the summer stall, the content supply is expected to recover. Dual -driven the domestic film market is expected to enter the comprehensive recovery stage since the third quarter, and the channel side has paid attention to the long -term improvement of the leading market share.

Investors can participate in the rebound of the film and television sector through the film and television ETF (516620) to deploy the leading industry.

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