通信行业周报：通信板块配置必要性显著，继续聚焦四大投资方向

Investment Rating - The communication industry maintains an "Overweight" rating [6][11]. Core Insights - The communication sector continues to exhibit growth potential, driven by significant macro and micro factors, with a focus on four main investment strategies [7][18]. - Recent monetary policy adjustments by the central bank, including a 0.5% reduction in the reserve requirement ratio and a decrease in mortgage rates, are expected to provide liquidity and support market sentiment [7][18]. - The industry has seen a notable increase in revenue growth, particularly in the first half of 2024, with a year-on-year growth rate of 26.04% when excluding the three major operators [7][18]. - Public funds have significantly increased their holdings in the communication sector, with a year-on-year change of +38.81% and +24.06% in Q1 and Q2 of 2024, respectively [7][18]. Summary by Sections Market Performance - During the week of October 8-13, 2024, the communication index experienced a fluctuation with a maximum amplitude of 13.99%, closing at 5054.09 points [6][14]. - The communication sector ranked 5th among 30 primary industries, with a weekly increase of 1.69% [6][14]. Investment Strategies - Four key investment lines are highlighted: 1. AI investments, driven by increased spending from major cloud providers [7][21]. 2. Satellite internet and commercial space, with significant rocket launch activities planned for 2024 [7][21]. 3. Operators, focusing on revenue growth and exploration of emerging industries [7][21]. 4. 6G technology, which is expected to enable advanced applications in various fields [7][21]. Notable Companies to Watch - Companies recommended for attention include those in AI and optical modules such as Zhongji Xuchuang, New Yisheng, and Tianfu Communication, as well as satellite internet firms like Mingsheng Electronics and Xunwei Communication [8][22].