[方达金融] 通讯产业升级及物联网普及 关注5G板块投资机会
2020年通讯产业加速发展， 5G技术在中国正式推出应用和普及，产业链布局完成。市场预期2020年至2035年全球5G产业链投资额约达3.5万亿美元，其中中国占30%。伴随5G技术的推出会产生很多投资机会。因为新技术投入应用，相关产品价格上升，5G相关企业盈利增加从而带动股价上升。5G技术会给产业链上中下游不同参与者都带来不同程度的利好，例如5G产业链上游通信基础设施通信塔生产商（中国铁塔），中游基站设备商、电信运营商（电信盈科、香港宽频等）。下游的5G技术应用手机及零部件都会受惠。我司看好5G的发展前景，并建议寻找有关产业链的投资机会，包括5G通信基础设施、电信运营商等。
The development of telecommunication industry has accelerated in 2020. 5G technology has been officially launched and popularized in China. Related industry chain layout is completed. 5G network refers to the fifth-generation mobile communication network, which greatly upgraded its speed and security performance compared to 4G.
The market expects investments in 5G supply chain globally will reach US$ 3.5trillion from 2020 to 2035, while China will take up 30%. With the application of new technology, the price of related 5G products will rise, the stock price of 5G related enterprise may also be boost by increased profit. Therefore, 5G technology will bring different benefits to various participants in the 5G industrial chain, including upstream communications infrastructure producers (China Tower), midstream telecom equipment firms, telecommunications operators (PCCW, HKBN, etc) and downstream mobile and component manufacturers which allow 5G applications.
