Telecoms, Mobiles, 5G, Satellites etc. 02 (Jun 21 - Dec 26)

[behappyalways]

Huawei's 30% off mobile phone attacks overseas!
Ren Zhengfei: Be careful of "insufficient internal strength"

華為三摺手機進攻海外! 任正非:小心「內功不足」｜十點不一樣20250219

https://m.youtube.com/watch?v=t11_2eVYS64

[winston]

China: <Research>CLSA Hikes TPs on 3 Key CN Telecoms; CHINA MOBILE Still Top Pick

CLSA predicted a subdued results performance for China’s three major telecom operators in 2H24, in wake of a slowdown in industrial internet revenue growth, which was expected to drop from double digits to single digits.

The broker noted that the Chinese government and corporations have become more cautious about IT spending amid the economic downturn, and telecom companies have become more selective about cloud projects to improve average earnings and cash flow.

To bolster profits and enhance dividends, in CLSA’s view, the big three have reduced capex and extended the depreciation period for 5G base stations.

The capex downtrend was expected to persist, prompting CLSA to raise its target prices for the trio.

CHINA MOBILE (00941.HK) remained the top pick, with projected dividend yields of 6% for 2024 and 7% for 2025.

Meanwhile, CHINA TELECOM (00728.HK) and CHINA UNICOM (00762.HK) saw dividend yields for this year and next drop to 5% and 6%, respectively.

However, CLSA cautioned that telecom operators may not immediately benefit from the AI boom.

Below is CLSA’s updated investment ratings and target prices for the three telecom giants:

Stocks│Investment Ratings│Target Prices
CHINA MOBILE (00941.HK) |Outperform | HKD75 → HKD86
CHINA TELECOM (00728.HK) |Outperform | HKD5 → HKD6.2
CHINA UNICOM (00762.HK) |Outperform | HKD7.5 → HKD9.5

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[behappyalways]

What is 6G and why is China ahead?
https://m.youtube.com/watch?v=_vT_gT6Vd ... kAaK0XXGki

[behappyalways]

Apple Overtakes Rivals To Lead Global Smartphone Market In Q1 Milestone
https://www.zerohedge.com/technology/ap ... -milestone

[winston]

Skype shut down for good, but users still have these alternatives

Source: AP

https://apnews.com/article/skype-intern ... oon%20Wire

[behappyalways]

UBS Survey Finds "Little Growth" In Smartphone Units "Over Next Few Years"
https://www.zerohedge.com/technology/ub ... -few-years

[winston]

Chinese Telecoms – Quality yield play

We have been highlighting quality yield stocks as a key investment theme in Chinese equities to help cushion market volatility in a lower interest rate environment and amid ongoing trade uncertainties.

Within this theme, we favour Chinese telecoms given the sector’s defensive nature, solid balance sheet, attractive dividend yield and stable growth potential.

This is further supported by long-term digitalisation trends, driven by artificial intelligence (AI), China’s digital transformation efforts, and continued reforms of state-owned enterprises (SOE).

Chinese telcos continued to generate stable revenue from their traditional business including mobile communications and wireline broadband services, which have benefitted from 5G deployment, broadband upgrades, increased penetration and value-added services.

At the same time, China’s three telcos are leveraging their strong presence in the cloud services market to expand into AI offerings, primarily aimed at government and enterprise clients.

Traditionally, telecoms have served as the backbone of communication and connectivity. Today, they are stepping into a new role – developing the infrastructure that supports AI and enables governments, businesses and consumers, to fully harness AI potential.

We believe that China’s telecom operators are well-positioned to benefit, not only as key players in China’s cloud market and providers of AI-supporting infrastructure but also by advancing into AI development themselves through the creation and deployment of proprietary AI models and services.

We remain positive on Chinese telcos, given their strong balance sheet, earnings and payout visibility.

Both China Telecom (CT) and China Mobile (CM) have reiterated their target of increasing the dividend payout ratio to 75% or higher by FY26 as part of their commitment to enhance shareholder returns.

We believe Chinese telcos are well-positioned to capitalise on industrial digitalisation, AI opportunities and enjoy sustained growth momentum.

We like China Telecom (728 HK) [BUY; FV: HKD7.22] given that
i) it has the largest cloud business exposure and industrial digitalisation revenue among the big three telcos in China, and
ii) attractive dividend yield.

We also like China Mobile (941 HK) [BUY; FV: HKD100.0] for
i) its defensiveness and strong balance sheet, and
ii) an attractive dividend yield.

Source: OCBC

[winston]

China’s smartphone shipments plunge in May amid weak consumption, fewer new models

The May figures marked a downward shift from the previous three months, as monthly shipments from February to April all rose year on year

Smartphone shipments in China plunged 21.8 per cent year on year in May to 23.7 million units, the biggest decline this year.

Foreign brands, including Apple’s iPhone, saw shipments drop by 9.7 per cent in May from a year earlier, outperforming local brands.

Domestic manufacturers, including Huawei Technologies and Xiaomi, saw their shipments fall a combined 24.2 per cent.

The May figures marked a downward shift from the previous three months, as monthly shipments from February to April all rose year on year.

Smartphone shipments in February jumped 38 per cent year on year to 19.7 million units, although in January they had dropped 14.3 per cent to 27.2 million.

Source: SCMP

https://www.scmp.com/tech/big-tech/arti ... pe=section

[winston]

China smartphone market reverses to decline in Q2 after six quarters of growth

Huawei reclaimed the top spot after more than four years, with a market share of 18.1 percent. The Shenzhen-based tech giant shipped 12.5 million phones in the second quarter, down 3.4 percent year-on-year.

Xiaomi (1810), which ranks fourth, is the only smartphone maker to record growth in shipments in the last quarter.

Vivo, which ranks second, saw shipments decline 10.1 percent, the steepest among the top five selling brands.

China's smartphone shipments overall dropped 4.0 percent year-on-year to 69 million units in the second quarter as growth momentum driven by the government subsidies subdued amid broader weakness.

Source: The Standard

https://www.thestandard.com.hk/tech-and ... le/306768/

[behappyalways]

HUAWEI JUST DID SOMETHING YOUR IPHONE CAN’T
https://x.com/MarioNawfal/status/1946019592859754538