[Good news continues to boost market attention, and the valuation of the gaming sector is highly cost-effective] October 15th, the A-share gaming sector has seen a continuous rebound recently. Wind data shows that on October 14, market concept sectors such as short drama games and online games were among the top gainers. The game-related media sector has become the main direction of net capital inflows in recent trading days, and many individual stocks have been active. According to industry insiders, the pace of domestic game license approvals has gradually stabilized since the beginning of the year, and the supply side of the industry is expected to continue to consolidate, which will continue to push game companies to reserve new products to enter the testing and launch cycle, and drive the performance of the sector to gradually be realized. After going through adjustments, the valuation of the gaming sector is now highly cost-effective, and we are optimistic about the opportunities to repair sector valuations supported by fundamentals. (China Securities Journal)