Sniper

The Report is produced in Chinese only.

昔日報告:
  11-11-2019 (星期一) 5G商用啟動,加速相關企業業績兌現
  28-10-2019 (星期一) 深圳擬設立前海跨境保險創新服務中心,港股保險板塊相信將受益
  14-10-2019 (星期一) 國家政策支持體育行業 具備品牌的本土體育用品股料受惠
  30-09-2019 (星期一) 集采擴圍降價顯著,藥企結構性分化加快
  16-09-2019 (星期一) 科技部公佈國家新一代人工智慧創新發展試驗區建設工作指引,人工智慧相關產業將受益
[第1頁 / 共54頁]

5G商用啟動,加速相關企業業績兌現

2019年中國國際信息通信展覽會開幕論壇上,證工信部副部長陳肇雄與中國電信、中國移動、中國聯通、中國鐵塔董事長共同啟動5G商用,宣告中國邁進5G商用時代。三大運營商均宣布首批在50個城市開通5G聯商用,推出的5G商用套餐分為多個檔位,包含的流量從30GB到300GB不等,起步價為128元左右,11月1日正式啟用。

從三大運營商發布的5G套餐情况來看,價格相差基本不大;相比4G時代,套餐價格大幅提升,並且顯著高于目前4G用戶月均ARPU值。5G正式商用後,CAPEX將持續增長,2020年運營商有望實現 60-80 萬站的 5G 基站建設規模,驅動產業鏈相關企業業績逐步兌現。另外,隨著 2020 年 SA 網絡建設的落地,傳輸網建設市場有望打開增長空間。我們看好相關通信設備器件公司業績持續增長,建議關注:中興通訊(763.HK)及昂納科技集團(877.HK)。

撰稿: 章晶研究分析員
電話:
+86 21 51699400-103

電郵地址:
zhangjing@phillip.com.cn
This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
Top of Page
Contact Us
Please contact your account executive or call us now.
Research Department
Tel : (852) 2277 6846
Fax : (852) 2277 6565
Email : businessenquiry@phillip.com.hk

Enquiry & Support
Branches
The Complaint Procedures
E-Check
Login
Louis Talk
Investor Notes
Free Subscribe
Contact Us