A shares opened today, 5g plate all the way strong. By the end of the day, several stocks such as communications, guanghetong and ZTE had moved to the trading limit, while Yitong century, dongfangtong and overclocking were up more than 14%.
On December 28, the National Conference on industry and information technology in 2021 was held. Xiao Yaqing, Minister of the Ministry of industry and information technology, said at the meeting that in 2021, 5g network construction and application will be promoted in an orderly manner, 5g coverage in major cities will be accelerated, co construction and sharing will be promoted, and more than 600000 5g base stations will be built.
Compared with the number of new 5g base stations in 2020, China’s 5g infrastructure construction is accelerating.
Wen Ku, spokesman of the Ministry of industry and information technology and director of the Department of information and communication development, said at a news conference held by the Information Office of the State Council on the 24th that the current 5g network construction is progressing steadily, with 580000 new 5g base stations added this year.
It is worth noting that since July this year, the 5g communications sector has been weakening, with the SSE 5g index down more than 20% in the past four months and the 5g concept down more than 10% in the past three months.
Looking back on 2020, the annual communications index fell 9.6%, with public offering reaching 0.91% of 3q20, according to a research report released today by Yan Huichen, an analyst at CICC. The agency believes that the low price of 5g products, the lack of construction volatility and application, trade friction and the fluctuation of cloud capital expenditure lead to the downward growth of sub industries and even a year-on-year decline, which eventually leads to the downward movement of plate valuation.
Looking forward to 2021, the agency believes that the lack of application is expected to lead to limited growth of capital expenditure of the three operators. It is suggested to pay attention to the investment increment of 700 MHz network of radio and television, which may drive the annual total capital expenditure growth by 10.5% – 13.5%; at the same time, it should pay attention to the industrial chain links that can participate in overseas 5g construction, such as PCB, RF, etc. It is suggested that individual stocks should be arranged before the bidding of operators.
Wanlian securities released a research report on December 27, saying that looking forward to 2021, the focus of investment in the communication industry should shift from the previous 5g technology level to the new market margin brought by 5g applications. It is recommended to pay attention to cloud computing, Internet of things and satellite Internet with strong certainty and growth in the middle reaches of the industrial chain.
According to the research report released by China Galaxy on December 24, China will enter the peak period of 5g network construction from 2020, which is expected to last for 2-3 years, and the investment in 5g network construction is expected to be gradually clear. It is suggested to pay attention to China Unicom (600050), ZTE (000063) and Fiberhome (600498), optical module manufacturers Zhongji xuchuang (300308), Guangxun Technology (002281) and xinyisheng (300502).
Editor in charge: Tzh