中金:内地加快5G建设 看好铁塔(0788.HK)、中通服(0552.HK)等
中金发表报告表示,国家工信部上周六(22日)召开了加快推进5G发展做好信息通信业复工复产工作电视电话会议,中电信(0728.HK)、中移动(0941.HK)、联通(0762.HK)、中国铁塔(0788.HK)和中国广电参与会议。会议强调,要加快5G商用步伐,加快5G特别是独立组网建设,以推动产业链发展和丰富应用场景,发挥5G“稳投资”和促进信息消费的积极作用。
该行预计,内地电讯运营商今年将建设60万至70万5G基站,以在340个地市开通5G服务,且运营商有继续增加5G资本开支扩大建设规模的可能性;从建设进度看,该行判断运营商将以5G独立组网为目标,因此大规模建设将在今年中R-16标准确定后启动,内地运营商在年中可能上调5G资本开支。
据中国联通日前部署,上半年将与中电信在47个地市完成10万基站建设,第三季度建成25万基站,较原全年计划提前一个季度。由于5G建设开支陡升,建议有更明确的配套政策帮助运营商加快网络建设,包括第一是给予5G建设补贴(深圳地区已出台);第二是帮助运营商发行专项债,以补充资金并降低融资成本;第三是给予5G网络用电优惠,降低网络运行费用;第四是协调5G站址规划,解决5G基站防护和进场问题。推动产业链协同发展,丰富5G应用生态系统。
中金称,建议关注5G上游组网建设和下游应用开发相关标的,该行维持看好中国铁塔、中国通信服务(0552.HK)、和而泰(002402.SZ)、拓邦股份(002139.SZ),维持对运营商的中性观点。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.