【名稱及出版時(shí)間】:2010年通訊行業(yè)投資研究報(bào)告(2009-12)
【來(lái)源】:銀河證劵研究所
【文件格式】:PDF
【頁(yè)數(shù)】:28
【目錄或簡(jiǎn)介】:
目 錄
一、電信運(yùn)營(yíng)商:3G帶來(lái)市場(chǎng)格局變化,數(shù)據(jù)業(yè)務(wù)成為業(yè)績(jī)提升重要?jiǎng)恿?.....................................................................1
(一)日本電信運(yùn)營(yíng)商3G發(fā)展情況與競(jìng)爭(zhēng)格局變化.....................................................................................................1
(二)中國(guó)電信運(yùn)營(yíng)商競(jìng)爭(zhēng)格局和3G發(fā)展展望.............................................................................................................4
二、移動(dòng)互聯(lián)網(wǎng):互聯(lián)網(wǎng)接入的第三次浪潮............................................................................................................................6
(一)移動(dòng)互聯(lián)網(wǎng)產(chǎn)業(yè)正處于爆發(fā)性增長(zhǎng)的起點(diǎn)............................................................................................................6
(二)移動(dòng)互聯(lián)網(wǎng)業(yè)務(wù)已經(jīng)成為日本電信運(yùn)營(yíng)商業(yè)績(jī)主要增長(zhǎng)點(diǎn)................................................................................8
(三)移動(dòng)互聯(lián)網(wǎng)發(fā)展對(duì)相關(guān)產(chǎn)業(yè)和上市公司的推動(dòng)..................................................................................................10
三、通訊設(shè)備行業(yè):2010年是周期性底部.............................................................................................................................13
四、估值與投資建議.................................................................................................................................................................15
(一)相對(duì)估值比較.........................................................................................................................................................15
(二)投資策略:看好移動(dòng)互聯(lián)網(wǎng)相關(guān)公司和光通訊領(lǐng)域龍頭企業(yè)..........................................................................16
五、主要行業(yè)催化劑.................................................................................................................................................................17
六、主要風(fēng)險(xiǎn).............................................................................................................................................................................17
七、重點(diǎn)公司.............................................................................................................................................................................18
(一)拓維信息(002261):手機(jī)動(dòng)漫領(lǐng)域的領(lǐng)跑者....................................................................................................18
(二)北緯通信(002148):手機(jī)游戲引領(lǐng)成長(zhǎng)............................................................................................................19
(三)中國(guó)聯(lián)通(600050):“三國(guó)爭(zhēng)霸”,后來(lái)居上....................................................................................................20
(四)烽火通信(600498):光通訊設(shè)備領(lǐng)域蓬勃發(fā)展的最大受益者...........................................................................21
插圖目錄.....................................................................................................................................................................................22
表格目錄.....................................................................................................................................................................................22