通信行业周报：大涨行情通信如何配置？

Investment Rating - The report maintains a "Buy" rating for the communication industry, with specific companies rated as "Increase" [4][20]. Core Viewpoints - Recent monetary easing has exceeded expectations, leading to a comprehensive market rebound. AI computing power remains a high-growth direction, and the increasing dividend payout ratios of operators highlight the value of dividend asset allocation [5][9]. - Key investment opportunities in the communication sector include optical modules and telecom operators. The optical module sector is expected to benefit from ongoing advancements in AI applications, while telecom operators are projected to maintain stable revenue growth [5][10]. Summary by Sections Weekly Investment - The communication sector saw a 12.33% increase during the period from September 23 to September 29, with communication equipment manufacturing rising by 14.85% and value-added services by 11.18% [4]. - Telecom business revenue in China reached 1,173.2 billion yuan from January to August 2024, marking a 2.7% year-on-year increase [10]. Industry Dynamics - As of the end of August, the total number of mobile phone users in China reached 1.778 billion, with 5G users accounting for 54.3% of the total [10]. - In Q2 2024, cloud service spending in mainland China grew by 8%, with Alibaba Cloud, Huawei Cloud, and Tencent Cloud holding the top three market shares [10]. Major Events - Key companies recommended for investment include Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication, China Mobile, and Dingtong Technology [6][10].