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Brokerage morning meeting highlights: The summer movie box office is expected to show year-on-year improvement, Bullish on the full year's box office performance.
In today's Brokerage morning meeting, China International Capital Corporation pointed out that the Federal Reserve will not lower interest rates in the short term; China Securities Co.,Ltd. believes that future fertility subsidies may be improved in three dimensions; Galaxy Securities stated that the box office for summer blockbusters is expected to see a year-on-year improvement, Bullish on the annual box office performance.
Soochow: The media Sector in Q1 2025 overall performed better than market expectations, with the film and game Industry showing outstanding performance.
The Movie Theater Line and game sectors performed excellently, while QITABANKUAI showed relatively stable overall performance.
Hong Kong Market Quick Review | The three major indices showed mixed results, with the Tech Index rising by 0.62%; Digital Health stocks were strong throughout the day, with ALI HEALTH increasing by over 7%; some autonomous driving Concept stocks rose, wi
Network Technology stocks had mixed results, with MEITUAN-W rising 2.88% and JD-SW increasing 1.90%; most Lithium Battery stocks fell, with LEOCH INT'L rising 7.76% and Tianqi Lithium Corporation increasing 2.89%; Biotechnology stocks performed well, with REMEGEN dropping 10.75% and SKB BIO-B rising 9.79%.
Express News | NetEase Cloud Music has reached a deep Global Strategy cooperation with Lynk & Co Autos.
[Brokerage Focus] SWHY maintains a Buy rating on NetEase Cloud Music (09899), indicating that its overall profitability improvement exceeds expectations.
Jinwu Financial News | SWHY issued a research report indicating that NetEase Cloud Music (09899) expects a year-on-year increase of 23% in online music revenue for 2024, primarily driven by subscription membership revenue (up 22% year-on-year). In 2024, the average number of paid members for Cloud Music is expected to be 0.55 billion, which is a year-on-year increase of 24%, corresponding to a payment rate of 26%. Given the low ARPU of domestic music platforms and the current low payment wall ratio of NetEase Cloud Music, compared to the comprehensive payment rate of 39% for Spotify overseas, there is still considerable room for growth in Cloud Music's membership scale. The bank indicated that the comprehensive gross margin for Cloud Music in 2024 is expected to be 34% and for TME 42%, both higher than.
Hong Kong stock fluctuations | NetEase Cloud Music (09899) rises over 6%, the online music Industry enters a stage of healthy growth, and the company's commercialization efficiency is accelerating.
NetEase Cloud Music (09899) rose over 6%, as of the time of this report, up 6.46%, priced at 166.5 HKD, with a transaction volume of 0.162 billion HKD.