通信行业周报（2024.10.8-2024.10.13）：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 Viewpoints - 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 30% when excluding the three major operators [7][18]. - Public funds have significantly increased their holdings in the communication sector, with a year-on-year growth of 38.81% in Q1-Q2 2024 [7][18]. Summary by Sections 1. 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]. 2. 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 a projected 100 rocket launches in 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]. 3. Notable Companies to Watch - Companies recommended for attention include those in AI and optical modules such as Zhongji Xuchuang, New Yisheng, and Tianfu Communication [8][22]. - In the satellite internet sector, companies like Mengsheng Electronics and Xinwei Communication are highlighted [8][22]. 4. Industry News - China Mobile has initiated a procurement project for cloud-based 4/5G core network equipment, with Huawei and ZTE as the selected suppliers [23]. - The global PC market saw a slight decline in Q3 2024, with Lenovo, HP, and Dell leading in shipments [24].