Changes in Hong Kong stocks | Higher supply release in film concept stocks at the end of the session is expected to stimulate potential market demand and drive the overall box office market to continue to heat up

Zhitong Finance App learned that film concept stocks were higher at the end of the session. As of press release, Starry Sky Chinese (06698) rose 10.46% to HK$3.38; Maogan Entertainment (01896) rose 5.8% to HK$6.93; Alibaba Pictures (01060) rose 5.75% to HK$0.46; and China Ruyi (00136) rose 4.79% to HK$1.97.

Changjiang Securities pointed out that in 2024, the National Day market box office reached 2.104 billion yuan, down 23.36% year on year, and recovered to 46.98% in 2019. The average daily box office was 300 million yuan, down 12% year on year. The overall performance was relatively lackluster. The pace of decline in the 2024 National Day market slowed down. The share of box office in the sinking market declined, and the box office declined significantly. Subsequent key films are well stocked.

Tianfeng Securities pointed out that on October 8, Zheng Zhajie, director of the National Development and Reform Commission, said that in response to the new situation and problems in the current operation of the economy, efforts will be made to introduce a package of incremental policies to push the economy to continue to improve. The orderly release of supply and favorable superposition policies is expected to stimulate potential market demand. Focus on the improvement of media companies' Q4 business conditions in this round of economic stimulus. In terms of imported films, the full series of “Harry Potter” will be screened in mainland China starting October 11, and “Venom: The Last Dance” will be screened on October 23. The release of supply is expected to stimulate potential market demand and drive the overall box office market to continue to heat up.