[Tianfeng Media & Internet] Bullish on Media Rebound, High Win Rate in Games, Focus on Film/TV and AI Application Catalysts

English summary

[Tianfeng Media & Internet] Bullish on media rebound, games have high win rate, focus on film/TV and AI application catalysts.

This week, the media index has rebounded for 4 consecutive days, with sub-sectors such as games/film/TV/marketing rising in turn. We believe that the media sector has undergone a long period of chip digestion. Current positions are low + chips are good, and some sub-sectors have solid fundamentals. Against the backdrop of external capital rebalancing, the current media sector is "everything is ready, only the east wind is needed." A slight catalyst may ignite the sector, and we strongly believe in the sustainability of the media rebound!

Film/TV: It is currently the summer season, and we are optimistic about the August box office. ① From a fundamental perspective, we have repeatedly emphasized that supply improvement is a certainty this year. We are now at a critical time point where supply continues to improve (7/29 Spider-Man, 8/1 Annual Meeting 2, 8/14 Odyssey, 8/19 To Your Island, reserve Dragon Restaurant, Rebirth 2), and we are optimistic about the August market performance. …