西部证券发表研究报告指，大麦娱乐卡位演出与IP衍生双高景气赛道，看好现场娱乐高景气的持续性， 需求端，悦己与社会需求共振，多次观演比例提升。另外，票务业务贡献稳健基本盘，而阿里鱼亦可望 提供业绩弹性，充分受益于线下娱乐消费的持续复苏与结构升级。该行预计大麦娱乐2026至28财年的经 调整纯利分别为10.6亿、13.54亿及15.77亿元人民币，首予公司"买入"评级。 消息面上，据灯塔专业版，截至12月28日18时05分，2025年贺岁档(11月28日—12月31日)档期总票房(含 预售)已达52.45亿元。据了解，2025年贺岁档票房为继2017年贺岁档后，中国影史第二次突破50亿元贺 岁档票房，创近八年来同期票房新高。 智通财经APP获悉，大麦娱乐(01060)现涨近5%，截至发稿，涨4.65%，报0.9港元，成交额4513.51万港 元。 ...

Group 1: Silver Market Dynamics - Spot silver experienced a significant decline of approximately 9% after a strong rally of about 33% in December, indicating a potential reversal in market sentiment [2] - Historical context shows that such a reversal has only occurred twice before, with the most recent instance in 2011, where silver fell 16% in the following days [3] - Analysts suggest that the recent surge in silver prices, which saw a 170% increase, may have led to excessive retail interest, with some labeling it a "meme trade" [3] Group 2: Investment Strategies and Market Outlook - Analyst James Foord recommends a dollar-cost-averaging strategy out of silver, citing unfavorable risk/reward dynamics for both new long positions and aggressive shorts, with a potential pullback of up to 50% expected in the coming months [4] - The high prices of gold and silver are anticipated to pressure margins for mass-market and mid-tier jewelers, while benefiting recyclers and pawn operators who purchase metal from consumers [5] Group 3: Corporate Developments - SoftBank Group has agreed to acquire DigitalBridge for approximately $4 billion, focusing on scaling next-generation AI infrastructure [7] - Lululemon athletica is facing pressure from founder Chip Wilson, who has initiated a proxy fight to nominate new board members and push for significant changes [7] Group 4: Upcoming Events and Market Implications - The CES 2026 event in Las Vegas will feature keynotes from Nvidia and AMD, focusing on advancements in AI and related technologies, which could influence market trends in the tech sector [8] - A strong lineup of family-oriented films in 2026 is expected to drive toy sales, with companies like Hasbro, Mattel, and Spin Master identified as potential beneficiaries [11]

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.Here's the latest list of major overso ...

We recently published Big Winners: 10 Stocks Refusing to take a Holiday. Lionsgate Studios Corp. (NYSE:LION) is one of the last week's best performers. Lionsgate jumped by 12.03 percent week-on-week to hit a new 52-week high amid the Christmas rush despite the lack of fresh catalysts to spark buying appetite. In other recent news, Lionsgate Studios Corp. (NYSE:LION) said that it tapped FreeWheel to facilitate all advertisements on its FAST channels in the US, allowing businesses to easily place ads. Th ...

Core Viewpoint - Paramount Skydance Corporation (NASDAQ:PSKY) is actively engaged in a competitive bidding process to acquire Warner Bros. Discovery, with escalating offers reflecting its commitment to reshape the media landscape [2]. Group 1: Bidding Process - Paramount Skydance Corporation initiated its acquisition bid in September, starting with an offer of $19 per share, which has since increased to $25.50 per share as competition from Netflix and Comcast intensified [2]. - Warner Bros. Discovery has rejected six offers from Paramount Skydance Corporation, which has led to discussions about potential legal action against Warner's board regarding the bidding process [2]. Group 2: Job Implications - Jim Cramer highlighted concerns regarding job losses associated with the Paramount Skydance bid compared to the Netflix bid, questioning the impact on employment within Warner Bros. Discovery [3]. Group 3: Investment Perspective - While there is potential for Paramount Skydance Corporation as an investment, there is a belief that certain AI stocks may offer better returns with lower risk, suggesting a cautious approach to investing in PSKY [3].

Core Viewpoint - The article suggests that while IMAX has had a strong performance, Walt Disney is considered a superior investment due to its robust business model and diverse revenue streams [1]. IMAX Performance - IMAX reported a record third-quarter revenue of nearly $107 million, a 17% increase year-over-year, with net income rising by 39% to over $26 million, surpassing analyst expectations [4]. - The company achieved its fifth-best opening with the release of "Avatar: Fire and Ash," which was also its widest release at 1,703 screens [2]. Walt Disney Performance - Disney's fiscal 2025 results showed a revenue growth of 3% to over $94 billion, with all reporting segments (entertainment, sports, and experiences) experiencing increases [8]. - The company's GAAP net profit surged nearly 58% to $12 billion, driven by improved operating income across all segments [8]. - Disney's streaming services, particularly Disney+, reached profitability in 2024, contributing to overall revenue growth [7]. Future Outlook - Disney is expected to see double-digit percentage growth in operating income for its entertainment segment in fiscal 2026, while sports and experiences are projected to grow in the single digits [9]. - IMAX, while expanding its business, remains vulnerable to changes in movie-going trends and lacks the scale of Disney [13]. Valuation Metrics - Disney has a price-to-book ratio of 1.84 and a price-to-sales ratio below 2.2, which are favorable compared to IMAX's ratios of 5.8 and 5.5, respectively [14]. - On forward P/E, Disney's ratio stands at 17, while IMAX's is at 22, indicating that Disney is a better buy based on key valuation metrics [14]. Conclusion - Despite IMAX's strong management and promising future, Disney is positioned as the more attractive investment due to its established brand, diverse revenue sources, and favorable valuation metrics [15].

财政部部长蓝佛安表示，明年财政将大力提振消费。深入实施提振消费专项行动，继续安排资金支持消 费品以旧换新，调整优化补贴范围和标准。 中国人民银行发布《中国金融稳定报告（2025）》。报告提出，着力健全有利于"长钱长投"的制度政策 环境，显著提高各类中长期资金实际投资A股的规模和比例，努力实现中长期资金保值增值、资本市场 平稳健康运行与实体经济高质量发展的良性循环。 中国ETF正式迈入6万亿时刻。 上交所推出2026年系列降费让利措施，免收沪市上市公司上市费，减免交易单元使用费，免收可转债以 外的债券交易经手费等。 宏观•要闻 2026年全国两会召开时间来了 十四届全国人大常委会第十九次会议12月27日上午表决通过了关于召开十四届全国人大四次会议的决 定。根据决定，十四届全国人大四次会议于2026年3月5日在北京召开。政协第十四届全国委员会日前召 开第四十五次主席会议，审议通过了关于召开政协第十四届全国委员会第四次会议的决定（草案），建 议全国政协十四届四次会议于2026年3月4日在北京召开。 财政部：2026年继续实施更加积极的财政政策 扩大财政支出盘子 全国财政工作会议12月27日至28日在北京召开。会议指 ...

TikTok is reportedly pushing deeper into short-form entertainment by rolling out in-app "Minis" that let users binge micro dramas without leaving the platform.TikTok Brings Micro Dramas In-HouseTikTok has quietly added a Minis section featuring mini games and mini drama apps — bite-sized, mobile-first series made up of dozens of short episodes, reported Business Insider.A TikTok employee described the feature on LinkedIn as a way to reduce friction by allowing viewers to sample episodes directly inside the ...

Core Viewpoint - The ongoing negotiations and potential litigation surrounding the Warner Brothers deal highlight the complexities and competitive nature of media acquisitions, particularly with Paramount Skydance's interest and the involvement of significant figures like Larry Ellison [1][2][4]. Group 1: Warner Brothers Deal Dynamics - Warner Brothers shares have decreased by approximately 1.4% following reports that Paramount Skydance may withdraw its bid and pursue litigation against the board [1]. - Paramount Skydance has indicated dissatisfaction with the Warner Brothers sale process, hinting at potential litigation, although no immediate actions are expected [2][3]. - Larry Ellison's backing of $40 billion includes provisions for a breakup fee, suggesting that the deal is still progressing despite the challenges [3][4]. Group 2: Competitive Bidding Landscape - The current bidding situation for Warner Brothers is characterized by significant drama and competitive personalities, making it more intense than typical takeover bids [4][5]. - Paramount's offer is currently at $30 per share, while Netflix's offer stands at $27.75, indicating that the pricing is relatively comparable [6]. - To make their bid more attractive, Paramount would need to increase their offer by at least $1 to cover the $2.8 billion breakup fee, suggesting a potential new offer range of $32 to $33 per share [7].

Group 1: M&A Market Overview - Global mergers and acquisitions (M&A) surged in 2025, reaching approximately $4.5 trillion, which is about 50% above 2024 levels and the second-largest annual total on record [1] - The deal boom in 2025 was characterized by a high value of cash transactions, with 68 deals worth at least $10 billion, marking the highest number of megadeals in recent years [2][3] Group 2: Notable Megadeals - The largest deal involved a bidding war between Paramount and Netflix for Warner Bros. Discovery, with Netflix's equity value at $72 billion and Paramount's revised bid at $108.4 billion [4] - The second-largest deal was an $88.26 billion rail merger between Union Pacific and Norfolk Southern, announced in July [5] - Electronic Arts (EA) shareholders approved a $55 billion sale to a consortium led by Saudi Arabia's Public Investment Fund, marking a record-setting leveraged buyout in the gaming industry [5] - Kimberly-Clark's acquisition of Kenvue, valued at $40 billion, was the fourth largest deal, involving a consumer health company known for various well-known brands [6] - The fifth largest deal was the $40 billion acquisition of Aligned Data Centers by a consortium led by BlackRock's Global Infrastructure Partners, marking the largest data center transaction on record [7]