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信达证券:暑期档周期开启 潜在爆款陆续定档 供给端较优

Cinda Securities: The summer season has begun and potential blockbuster hits are being scheduled one after another. The supply side is relatively superior.

Breakings ·  Jun 18 11:26
According to the research report published by China Securities, as the longest movie period of the year, the summer season is expected to drive steady growth in box office throughout the year. Looking back at the box office of previous summer seasons, it can be seen that the summer season is an important and popular period for the market's total box office performance, with a total screening time of 92 days and a relatively long period, providing ample space and time for the release of many potential popular films. The performance of the 2023 summer season box office was relatively impressive, and the period for the 24-year summer season has already begun, with explosive films gradually beginning to be scheduled. As of June 17, 2024, the movie theater line index for the 24-year corresponding average PE valuation was 28.8x, and the corresponding 25-year average PE valuation was 22.5x; with the subsequent blockbuster films of the summer season gradually being scheduled, China Securities recommends focusing on Wanda Film Holding, Beijing Enlight Media, Beijing Baination Pictures, Maoyan Ent., China Ruyi and China Lit, among other film and television companies. For the remaining film and television companies, it is recommended to focus on Zhejiang Huace Film & TV, Shanghai Film, Beijing Jetsen Technology, Omnijoi Media Corporation, China Film Co., Ltd., and Hengdian Entertainment.

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