On the first trading day of 2024, the A-share media, film and television sectors opened higher. As of 9:35 on January 2, 2024, the Entertainment Media ETF (516190) rose 131%, the holding stock Chinese ** led the gains, up more than 8%, Sanqi Mutual Entertainment, Shanghai Film, Youzu Network followed suit, up more than 5%.
IFC** believes that the short drama market is booming, and it is optimistic about targets with strong production capabilities or IP reserves. From the supply side, the number of micro-short dramas is increasing, the supervision is becoming more and more standardized, and the cost of successful distribution is expected to increase. From the demand side, there is a large demand for micro-short dramas, but only a few can make it to the head. At present, the demand for micro-short dramas is relatively strong, but the supply is also increasing rapidly, and the short dramas themselves are relatively short and fast, and the market may soon be white-hot, and it will be easier for companies that can produce top content to make profits.
Entertainment Media ETF (516190) is the only on-exchange ETF that tracks the CSI Entertainment Media ETF Index, with 50 constituent stocks in the index, involving **, live broadcast, games, movies, IPTV OTT, digital publishing, digital marketing, **education, events and performances and other related businesses to reflect the overall performance of the culture, entertainment and media theme sectors. The top 10 weighted stocks in the index include Focus Media, Sanqi Mutual Entertainment, Mango Supermedia, Kunlun Wanwei and other heavyweight stocks.
The content and data are for reference only and do not constitute investment advice. AI technology strategy is provided for Youlian Cloud.