《大行報告》國泰君安:國資委啟動國企對標世界一流企業價值行動 關注電訊業重估
國泰君安發表報告指,國資委啟動國企對標世界一流企業價值行動。通信領域的國有企業集中於營運商、設備商、數據中心等領域,建議重點關注以中資電信營運商為代表的國有企業價值重估機會。
報告指,中共中央、國務院印發了《數字中國建設整體佈局規劃》。關注規劃下的兩大領域為數字基建和數字資源。數字基建層面網絡、算力層面有望深度受益。建議關注主設備、光纖光纜、光模塊、配套設備、IDC 等產業。
數據資源層面,年初以來各級政策對數據要素的推進加速已見端倪,當前更加細化的技術落地正在展開。其中對於數據採集、確認權利是首要工作;電訊營運商將在此佔據極為重要的主導位置。
國泰君安給予行業「跑贏大市」評級。推薦中國移動(00941.HK)、中電信(00728.HK)、中國聯通
(00762.HK)、中興通訊(00763.HK)和比亞迪電子(00285.HK)。風險提示包括外部環境變化或導致產業鏈安全風險、營運商CAPEX計劃或不及預期、創新性業務應用發展或不及預期。
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