HTSC·2025-06-23 05:35Investment Rating - The report maintains a "Buy" rating for China Mobile, China Telecom, and ZTE Corporation, while China Unicom is rated as "Hold" [10][11]. Core Insights - The China Securities Regulatory Commission has restarted the fifth set of listing standards for the Sci-Tech Innovation Board, expanding its scope to include artificial intelligence, commercial aerospace, and low-altitude economy sectors, which is expected to enhance financing channels for leading enterprises in these industries [2][3][15]. - The report highlights the growth opportunities in the commercial aerospace and low-altitude economy sectors, driven by supportive policies and the acceleration of commercialization [3][16]. Summary by Sections Market Overview - The communication sector index rose by 1.58% last week, while the Shanghai Composite Index fell by 0.51% and the Shenzhen Component Index decreased by 1.16% [2][14]. Key Companies and Developments - The report recommends focusing on key players in the communication industry, including China Mobile, China Telecom, and ZTE Corporation, due to their strong market positions and growth potential in AI and digital services [4][11][50]. - The report emphasizes the importance of the commercial aerospace sector, particularly in areas such as rocket engines, satellite payloads, and ground terminal manufacturers, as well as low-altitude economy players like airspace digital service providers [3][16]. Investment Recommendations - Specific stock recommendations include: - China Mobile (600941 CH) with a target price of 126.40 and a "Buy" rating - China Telecom (601728 CH) with a target price of 9.13 and a "Buy" rating - China Unicom (600050 CH) with a target price of 7.62 and a "Hold" rating - ZTE Corporation (000063 CH) with a target price of 39.41 and a "Buy" rating [11][49].