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《大行報告》中金:內地加快5G建設 看好鐵塔(00788.HK)及中通服(00552.HK)等
阿思達克 02-24 14:50
中金發表報告表示,國家工信部上周六(22日)召開了加快推進5G發展做好信息通信業復工復產工作電視電話會議,中電信(00728.HK)、中移動(00941.HK)、聯通(00762.HK)、中國鐵塔(00788.HK)和中國廣電參與會議。會議強調,要加快5G商用步伐,加快5G特別是獨立組網建設,以推動產業鏈發展和豐富應用場景,發揮5G「穩投資」和促進信息消費的積極作用。 該行預計,內地電訊運營商今年將建設60萬至70萬5G基站,以在340個地市開通5G服務,且運營商有繼續增加5G資本開支擴大建設規模的可能性;從建設進度看,該行判斷運營商將以5G獨立組網為目標,因此大規模建設將在今年中R-16標準確定後啟動,內地運營商在年中可能上調5G資本開支。 據中國聯通日前部署,上半年將與中電信在47個地市完成10萬基站建設,第三季度建成25萬基站,較原全年計劃提前一個季度。由於5G建設開支陡升,建議有更明確的配套政策幫助運營商加快網絡建設,包括第一是給予5G建設補貼(深圳地區已出台);第二是幫助運營商發行專項債,以補充資金並降低融資成本;第三是給予5G網絡用電優惠,降低網絡運行費用;第四是協調5G站址規劃,解決5G基站防護和進場問題。推動產業鏈協同發展,豐富5G應用生態系統。 中金稱,建議關注5G上游組網建設和下游應用開發相關標的,該行維持看好中國鐵塔、中國通信服務(00552.HK)、和而泰(002402.SZ)、拓邦股份(002139.SZ),維持對運營商的中性觀點。
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