Stockjobbers feel 5g in 2020: optimistic about the specific sectors of the electronic industry with slight differences

category:Finance
 Stockjobbers feel 5g in 2020: optimistic about the specific sectors of the electronic industry with slight differences


According to the stock price performance of 70 5g concept stocks surveyed by the institution, the average increase was 49.19%. Among them, only 11 5g concept stocks surveyed by institutions have fallen in total in the year, and the other 59 5g concept stocks surveyed by institutions are all rising, accounting for 84.29%.

The year 2019 is coming to an end. While intensively throwing out the investment strategy of A-share in 2020, securities companies are particularly optimistic about the development of 5g direction next year, and have given the investment strategy of 5g direction in 2020.

Guojin Securities believes that in the 5g era, the electronic industry is expected to be brilliant. Driven by 5g, the pace of smart phone innovation is speeding up. 5g technology innovation + camera innovation + software and hardware upgrading will promote the global smart phone to usher in the boom of switching, and the declining trend of sales will usher in a turnaround. In addition to mobile phones, smart wearable devices such as TWS earphones and smart watches are booming. AI and Ultra HD video will promote the innovation and development of security industry. 5g brings new vitality and vitality to IOT industry, and will usher in a new round of investment opportunities for global electronic semiconductors. In the second quarter of 2020, the 5g mobile phones of Android camp are expected to take the lead in pulling goods. In the first half of the year, Apple will launch iPhone ese2. Apples industrial chain is not weak in the off-season. In the third quarter, Apples new phones will start to stock up. Looking forward to the optimistic sales volume of Apples 5g mobile phones, the electronics sector is expected to meet better demand for pulling goods in the second and third quarters.

The investment strategy given by Huatai Securities is that the electronic industry, as the cornerstone of the science and technology industry, is facing new opportunities in the 5g innovation cycle under the trend of electronic +. It is suggested to pay attention to investment opportunities in antenna, RF front-end, optics, semiconductor, VR, TWS, wearable and other directions. Facing the gradual 5g era, the core of it is the upgrading of human information transmission and sharing capabilities, which is embodied in the acceleration of the trend of terminal intelligence, so as to realize the interconnection of production equipment, consumer terminals and other things. This trend can be summarized as electronic +, that is, to realize the electronization of all kinds of non electronic products and the intellectualization of simple electronic products in the era of the Internet of things. TWS earphones, smart watches, smart wear, smart speakers and smart cars, which are rising rapidly in the past two years, are the embodiment of the trend of electronic +. The product architecture of 1 + 8 + n proposed by Huawei is just in response to the trend of electronic + The strategic layout of potential.

At the same time, from the perspective of base station construction, Northeast Securities believes that the base station construction will usher in the construction peak in 2020, and 5g terminal penetration rate is expected to increase rapidly. In the field of infrastructure construction, it is expected that the demand for 5g related PCBs is still strong, and the supply of high-end communication boards is still less than the demand. It is suggested to pay attention to domestic communication PCB leaders and domestic alternative investment opportunities for copper clad boards. In the field of terminals, the penetration rate of 5g smart phones is expected to increase rapidly in 2020, focusing on incremental investment opportunities relying on 5g terminals, including antenna material MPI, miniaturization trend, battery management and heat dissipation, and VR / AR terminal innovation.

Zhang Tao, an analyst with Shanghai Securities, also said that 5g base station is in the near future, and high-frequency and high-speed continue to benefit. In 2019, the number of domestic base stations will be about 130000, and it is expected to build 700000-800000 next year. Huawei and ZTE are expected to deliver 600000 and 300000 base stations respectively next year. 5g base station construction is in full swing. Considering that the base station construction cycle is just starting, it is recommended to continue to pay attention to the high-frequency and high-speed PCB industrial chain.

From the perspective of the configuration suggestions in the 5g direction in 2020, Guojin securities is optimistic about Apple industrial chain, 5g mobile phone industrial chain, camera optics, power semiconductor, base station copper clad plate / PCB and security industry. The suggestion of Huaxi Securities is that 2019 will be the first year of 5g business. With the change of industrial cycle, new industrial opportunities will emerge. In 2020, with 5g industry as the main line, we will be optimistic about 5g, Ultra HD, large screen ecology, live entertainment and cloud games. Southwest Securities believes that there are three main lines of performance growth in the consumer electronics industry chain in 2020, the first is the value increase of mobile phone RF and related parts brought by 5g. Second, investment opportunities brought by domestic substitution. The third is the introduction of new products, in which TWS, as a star product, is the main driving force for the growth of consumer electronics performance. Source: responsible editor of Securities Daily: Yang qian_nf4425

From the perspective of the configuration suggestions in the 5g direction in 2020, Guojin securities is optimistic about Apple industrial chain, 5g mobile phone industrial chain, camera optics, power semiconductor, base station copper clad plate / PCB and security industry. The suggestion of Huaxi Securities is that 2019 will be the first year of 5g business. With the change of industrial cycle, new industrial opportunities will emerge. In 2020, with 5g industry as the main line, we will be optimistic about 5g, Ultra HD, large screen ecology, live entertainment and cloud games.

Southwest Securities believes that there are three main lines of performance growth in the consumer electronics industry chain in 2020, the first is the value increase of mobile phone RF and related parts brought by 5g. Second, investment opportunities brought by domestic substitution. The third is the introduction of new products, in which TWS, as a star product, is the main driving force for the growth of consumer electronics performance.