通信设备及服务2024年第40周周报：通信行业当前投资方向

Investment Rating - The report assigns an "Overweight" rating to the communication equipment and services industry, consistent with the previous rating [2]. Core Insights - The report emphasizes the importance of industry trends and the fundamental advantages of companies, highlighting opportunities in new technology iterations, high-dividend state-owned enterprises, and companies with low valuations due to past economic downturns [4][5]. - Key investment themes include focusing on the computing chain, global penetration of domestic companies, and the potential for mergers and acquisitions to activate corporate transformations [5][8]. Summary by Sections 1. Weekly Investment Perspective - The communication sector presents significant investment opportunities due to various macro policies, with a focus on companies with strong fundamentals and advantageous industry trends [5][9]. 2. Weekly Market Review 2.1. Communication Sector Performance - The communication sector underperformed the broader market, with a 13.00% increase compared to the 15.70% rise in the CSI 300 index [9][11]. - Within the sub-sectors, communication equipment rose by 15.06%, while communication services increased by 9.07% [11]. 2.2. Individual Stock Performance - Notable gainers included Hai Neng Da (+39.95%), Kun Heng Shun Wei (+31.62%), and Shen Yu Co. (+28.91%) [12][13]. - Decliners included Ding Xin Communication (-5.72%) and ST Jiu You (-4.11%) [12][13]. 3. Upcoming Announcements - The report lists upcoming announcements for the week of September 30 to October 6, including performance release meetings and shareholder meetings for various companies [14]. 4. Lock-up Expiration Reminders - The report provides details on lock-up expirations for several companies, including the number of shares and their market value [15]. 5. Major Company Earnings Forecasts and Valuations - The report includes earnings forecasts and valuations for key companies, with several rated as "Overweight" [16].