CITIC Securities: Focusing on the satellite internet sector in 2024, the satellite space segment and ground segment infrastructure-related industrial chain is expected to usher in golden development opportunities
The Zhitong Finance App learned that CITIC Securities released a research report stating that satellite internet is one of the key promising directions and trends for 2024.
China Academy of Information and Communications Technology: 5G is expected to directly drive a total economic output of 1.86 trillion yuan in 2023
The Zhitong Finance App learned that on December 28, 2023, the Chinese Academy of Information and Communications Technology released the “White Paper on 5G Development and Economic and Social Impact in China (2023)”. The white paper shows that the continued release of 5G will have an enabling effect on the economy and society.
[Broker Focus] Goldman Sachs cuts Jingxin Communications (02342) target price of 10% to HK$0.95 to maintain “selling” rating
Jinwu Financial News | According to Goldman Sachs Research, Jingxin Communications (02342) performed well in terms of cost/expense control in 2023, with profit margins improving compared to 2022. The company's profitability is expected to remain basically stable in 2024. However, the bank expects that China's telecommunications companies' capital expenditure on wireless networks will drop further, which will put pressure on the wireless equipment supply chain (Jingxin Communications supplies antennas). As for 5G base stations, Goldman Sachs expects the number to drop from 700,000 in 2023 to 600,000 and 550,000 in 2024 and 25, which means that demand for antennas will also weaken.
CICC: New infrastructure is expected to accelerate, 5G-A contains new opportunities
On the industrial side, it is recommended to actively pay attention to the application of AI and the deepening evolution of 5G technology.
Huatai Securities: Optimistic about the “integration” and “two wings” of the communications industry
In the context of the continued deepening of the digital economy, focus on development opportunities in sectors such as telecom operators and industrial Internet.
Societe Generale Securities: Maintains Jingxin Communications (02342) “increase” rating target price of HK$1.3
Societe Generale Securities determined that the listing of A-shares is expected to increase the financing capacity and market capitalization scale of Jingxin Communications (02342).