通信行业周报：垣信卫星服务出海至巴西，关注自主可控及内循环

Investment Rating - The report maintains a "Recommended" rating for the telecommunications and electronics industry, indicating a positive outlook based on the high prosperity of the sector driven by AI, 5.5G, and satellite communications [3][4]. Core Insights - The overall market performance for the week of November 4 to November 8, 2024, saw the Shanghai Composite Index rise by 5.51%, the Shenzhen Component Index by 6.75%, and the ChiNext Index by 9.32%. The telecommunications sector, represented by the Shenwan Communications Index, increased by 6.80% during the same period [3][9]. - Within the telecommunications sub-sectors, communication cables and accessories experienced the highest increase at 16.60%, while communication network equipment and devices had the lowest increase at 5.26% [3][10]. - The report highlights significant individual stock performances, with Zhenyou Technology leading with a 47.33% increase, followed by Gaoxin Technology at 29.25% and ST Tongmai at 27.73% [3][12]. Summary by Sections Market Overview - The telecommunications sector index rose by 6.80% during the week, reflecting a strong market sentiment [9]. - The sub-sector performance showed a general upward trend, with communication cables and accessories leading the gains [10][11]. Key News in the Telecommunications Sector - Shanghai Yuanxin Satellite Technology Co., Ltd. plans to provide low-orbit satellite services in Brazil, aiming to enhance connectivity, especially in remote areas [4]. - Dell'Oro Group forecasts a significant increase in coherent optical transceiver shipments driven by large-scale AI clusters, with a projected compound annual growth rate (CAGR) in shipments exceeding 10% over the next five years [14][15]. - The Chinese dedicated cloud service market grew by 13.4% year-on-year in the first half of 2024, reaching a market size of 17.49 billion yuan [16][17]. Company Announcements - No significant announcements were reported for the week of November 4 to November 10, 2024, and no major announcements are expected for the following week [22].