BEIJING, Jan. 12 (Xinhua) -- Securities market players including brokers, investment banks, and fund firms researched intensively eight 5G concept stocks since this year, which, as analysts said, hinted their optimistic prospects about the related chip industry, reported Xinhua-run Xinhua Finance Tuesday.
The institutions conducted researches over Shenzhen Sunway Communication Co., Ltd. (300136.SZ), Chengdu CORPRO Technology Co., Ltd. (300101.SZ), Lucky Harvest Co., Ltd. (002965.SZ), Huagong Tech Company Limited (000988.SZ), Wus Printed Circuit (kunshan) Co., Ltd. (002463.SZ), etc.
Statistics with Choice, a financial data terminal in China, showed five companies were researched by more than 10 financial institutions in the past days of this year, including Shenzhen Sunway Communication Co., Ltd., Shenzhen Kinwong Electronic Co., Ltd. (603228.SH), Chengdu CORPRO Technology Co., Ltd., Lucky Harvest Co., Ltd. and Huagong Tech Company Limited.
Analysts held that the ongoing 5G construction may spur healthy growth of 5G industry in China and global 5G cell phone shipment may surge in 2021, likely to boost the radio frequency (RF) chip industry.
In 2021, China is anticipated to build over 0.6 million 5G base stations and application of profound integration of 5G-centered cloud computing, network, edge computing and terminals with the vertical industry is likely to develop vigorously, which in turn will propel ahead the entire 5G industry chain, according to TF Securities.
Last year, global penetration ratio of 5G cell phones was only 19 percent and this year, the proportion of new cell phones supporting the 5G is projected to reach 37 percent, meaning that there will be more than 500 million 5G cell phones, said Zhongtai Securities.
Under such circumstances, RF chips supporting the 5G new frequency band represented new market demand and the import substitution of RF chips will accelerate, with the RF chip sector expected to thoroughly benefit from the consumption of 5G cell phones. (Edited by Duan Jing with Xinhua Silk Road, firstname.lastname@example.org)