互联网传媒周报:小确幸悦己消费避险属性 芒果超媒《声鸣远扬》将播出

申万宏源研究
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本期投资提示:避险情绪上升,小确幸悦己消费有一定相对收益。(1)泡泡玛特:产能爬坡,扩品类、出海高速推进,爆款IP 星星人有望接力。IP:Labubu Mini 版、万圣节新品验证:供给创新能够持续激活热度,老IP 的长线表现有望持续超预期。新IP 星星人火热,26 年有望接力。出海:零售掉渠道持续扩充,内地外门店已达197。新品:新一轮主力产品期,叠加年末节日+销售旺季。万圣节新品搪胶毛绒10 ...

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