中信证券指出，阜博集团系全球版权保护第三方技术服务行业龙头，具备数据储量、算法能力、独家 API三大核心优势。该行看好全球主要内容方/流媒体平台维持版权保护长期需求，AI创作视频在提升创 作效率的同时有望带来侵权内容供应量增长与AIGC原创资产保护新机遇，公司兼具优质赛道与竞争优 势，有望维持较高成长斜率。 消息面上，阜博集团拟于8月28日(本周四)举行董事会会议批准中期业绩。此外，8月7日，全球首个 RWA注册登记平台正式上线。同日，Web3.0三项标准立项。据悉，今年6月，阜博集团公告，已成功完 成Vobile MAX数字内容资产交易平台的市场测试。Vobile MAX平台现已具备支持微短剧内容等大量实 体资产(RWA)的并发确权及交易能力，释放数字内容资产的流动性价值。 智通财经APP获悉，阜博集团(03738)早盘涨超10%，截至发稿，涨9.23%，报5.92港元，成交额2.14亿港 元。 ...

消息面上，阜博集团拟于8月28日(本周四)举行董事会会议批准中期业绩。此外，8月7日，全球首个 RWA注册登记平台正式上线。同日，Web3.0三项标准立项。据悉，今年6月，阜博集团公告，已成功完 成Vobile MAX数字内容资产交易平台的市场测试。Vobile MAX平台现已具备支持微短剧内容等大量实 体资产(RWA)的并发确权及交易能力，释放数字内容资产的流动性价值。 中信证券指出，阜博集团系全球版权保护第三方技术服务行业龙头，具备数据储量、算法能力、独家 API三大核心优势。该行看好全球主要内容方/流媒体平台维持版权保护长期需求，AI创作视频在提升创 作效率的同时有望带来侵权内容供应量增长与AIGC原创资产保护新机遇，公司兼具优质赛道与竞争优 势，有望维持较高成长斜率。 阜博集团(03738)早盘涨超10%，截至发稿，涨9.23%，报5.92港元，成交额2.14亿港元。 ...

Core Viewpoint - The article highlights the significant growth and strategic moves of Vobile, led by Wang Yangbin, in the digital content protection and monetization space, particularly focusing on the integration of AI and Web3 technologies to transform content assets into financial assets [2][5][19]. Group 1: Company Growth and Market Position - Vobile's market capitalization has surpassed HKD 13 billion, with a notable increase of approximately HKD 5 billion in just six trading days, reflecting a growth rate of around 60% [1]. - The company has been actively raising capital, with recent fundraising efforts totaling approximately HKD 7.8 billion, aimed at investing in AI-generated content (AIGC) and expanding its business operations [9][12]. - Vobile's revenue for 2024 is projected to reach HKD 2.4 billion, with a net profit of HKD 143 million, marking a record high for the company [16]. Group 2: Strategic Initiatives - Wang Yangbin's recent acquisition of a commercial land parcel in Hangzhou for HKD 285 million is a strategic move to establish an AI digital content protection and trade cooperation zone, with a planned investment of HKD 1 billion [4][7]. - The launch of the Vobile MAX digital content asset trading platform in 2024 aims to revolutionize traditional copyright trading models by enabling the circulation of content as digital assets [19][21]. - Vobile's unique technology, including the "Video DNA" technique, allows for the invisible watermarking of copyrighted content, enhancing its ability to protect intellectual property in the era of AI-generated content [16][17]. Group 3: Market Trends and Future Outlook - The recent introduction of stablecoin regulations in Hong Kong serves as a catalyst for the legitimization of real-world assets (RWA), which aligns with Vobile's strategic direction [5]. - The increasing demand for copyright protection in the context of AI-generated content is expected to create significant growth opportunities for Vobile, as the cost of content replication approaches zero [16][17]. - Vobile's transition from a service provider to a platform-based business model is anticipated to expand its customer base and enhance cash flow, positioning the company for substantial future growth [19][22].

智通财经APP获悉，8月8日港股市场，北水成交净买入62.71亿港元，其中港股通(沪)成交净买入32.8亿 港元，港股通(深)成交净买入29.92亿港元。 北水净买入最多的个股是阿里巴巴-W(09988)、盈富基金(02800)、小米集团-W(01810)。北水净卖出最 多的个股是中芯国际(00981)、华虹半导体(01347)、和黄医药(00013)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 中芯国际 | 34.40 乙 | 32.28 乙 | 66.68 亿 | | HK 00981 | | | +2.13 乙 | | 阿里巴巴-W | 14.6917 | 10.72亿 | 25.41 乙 | | HK 09988 | | | +3.98 亿 | | 小米集团-W | 14.16亿 | 8.69亿 | 22.86亿 | | HK 01810 | | | +5.47 乙 | | 腾讯控股 | 11.70 乙 | 7.461Z | 19.16亿 | | HK 00700 | | | +4.24 乙 | | 汇通 ...

Core Viewpoint - Fubo Group (03738) has seen a significant stock price increase of over 50% this week, with a current price of 5.19 HKD and a trading volume of 831 million HKD, driven by the launch of the world's first RWA registration platform and advancements in Web3.0 standards [1] Group 1 - Fubo Group's stock surged over 17% in early trading, reflecting strong market interest [1] - The launch of the RWA registration platform on August 7 marks a significant milestone for the company, coinciding with the establishment of three Web3.0 standards [1] - The Vobile MAX digital content asset trading platform has successfully completed market testing, enabling the concurrent confirmation and trading of a large number of physical assets (RWA) [1] Group 2 - Ant Group became a major shareholder of Fubo Group in 2020 through a private placement, aiming to develop a decentralized copyright protection and trading platform [1] - Analysts suggest that if Ant's stablecoin is implemented, Fubo Group, as a core partner in copyright trading, will benefit from expanded payment scenarios, potentially elevating its valuation from a "digital copyright service provider" to a "digital asset infrastructure provider" [1]

Core Viewpoint - The company has signed a strategic cooperation agreement with Shanghai Film Group to enhance its content asset operation platform and expand its business in the digital rights management sector, leveraging its competitive advantages in video copyright management [1][2]. Group 1: Business Model and Competitive Advantage - The company is a leader in global digital rights management, possessing the largest video copyright library authorized by content providers, covering all categories of digital content [1]. - The business model is characterized by a cycle of "leading rights management VDNA, digital watermark technology, scenario expansion, deep binding of massive customer resources, lower API call costs due to scale effects, iterative upgrades of rights management technology, and high customer retention rates" [1]. Group 2: Growth Opportunities - The increasing awareness of copyright protection, expansion of the customer base, and platform upgrades present growth opportunities for the company [1]. - The company is transitioning from serving medium and large B-end clients to small B-end and C-end clients, evolving from a tool-based service provider to a platform-based service provider [1]. Group 3: Financial Projections - Revenue is projected to grow by 18.6% in domestic markets and 21.5% in North America and other regions in 2024, with an overall growth of 23% in Q1 2025 [1]. - The overall gross margin is expected to increase by 1.3 percentage points to 43.8% in 2024, with adjusted net profit projected to rise by 380% [1]. Group 4: AIGC and Digital Asset Trading - The company is actively expanding in the AIGC field by collaborating with content providers and AI infrastructure companies to enable real-time rights management and monetization of AI-generated content [2]. - As a core partner of Ant Chain, the company is advancing its digital asset trading business, having completed market testing for the Vobile MAX digital content asset trading platform [2]. - The partnership with Shanghai Film Group is expected to enhance the company's digital asset trading capabilities, potentially driving new growth for its performance [2]. Group 5: Investment Recommendations - The company is expected to achieve revenues of HKD 29.95 billion, 36.86 billion, and 45.21 billion from 2025 to 2027, with year-on-year growth rates of 25%, 23%, and 23% respectively [2]. - Adjusted net profit is projected to reach HKD 1.89 billion, 2.83 billion, and 3.97 billion during the same period, with growth rates of 32%, 50%, and 41% respectively [2]. - The company is covered for the first time with a "buy" rating, corresponding to price-to-earnings ratios of 49x, 33x, and 23x for the years 2025, 2026, and 2027 [2].