IDC: The scale of the WAF hardware market in China will reach 1.38 billion yuan in 2024, with a year-on-year growth of 1.9%.
In 2024, the market size of China's Cloud WAF (public cloud + private cloud) is 2.55 billion yuan, achieving a year-on-year growth of 5.9% compared to 2023.
Major bank rating|CITI: Upgraded the Target Price for the three major Chinese telecom companies, with CHINA TELECOM as the top choice.
Gelonghui, June 16 | Citibank published a report on the CHINA TELECOM Industry, highlighting that against the backdrop of macroeconomic uncertainty and increasing geopolitical risks, the CHINA TELECOM Industry demonstrates strong resilience through high dividend yields and robust profitability. The bank's investment preference order among the three major Chinese telecom companies is CHINA TELECOM > CHINA MOBILE > China United Network Communications. Among them, CHINA TELECOM has the greatest growth potential due to its leading advantages in AI and cloud Business, while CHINA MOBILE attracts income-oriented investors with its high dividend yield, and there is a cautious view towards the high valuation risk of China United Network Communications's A shares. Citibank raised the Target Price for CHINA MOBILE from 82.3 HKD to 105.1 HKD, maintaining.
Citigroup raised the Target Price for the three major Chinese telecom companies, with a preference for China Telecom (00728.HK).
Citi published a report on the CHINA TELECOM Industry, demonstrating strong resilience amid heightened macroeconomic uncertainty and geopolitical risks, attributed to high dividend yields and robust profitability. The bank's investment preference order for the three major Chinese telecom operators is CHINA TELECOM (00728.HK) > CHINA MOBILE (00941.HK) > CHINA UNICOM (00762.HK). Among them, CHINA TELECOM has the most growth potential due to its leading advantages in AI and cloud Business, while CHINA MOBILE attracts income-oriented investors with its high dividend yield, maintaining a cautious outlook on the high valuation risk of CHINA UNICOM A-share. Citi added CHINA MOBILE for fiscal year 2027.
"The Big Bank" GUOTAI JUNAN I: The medium to long-term trend of Hong Kong stocks is upward, and Technology innovation leads to the development of new productive forces, becoming new momentum.
GUOTAI JUNAN I released its economic and market outlook report for the second half of this year. Regarding the outlook for the US economy: the contraction in economic growth in the first quarter reflects the impact of tariffs on the US economy. Combined with the relatively stable personal consumption PCE, the market tends to believe that the actual performance of the US economy still remains resilient under the impact of tariffs. In the second half of the year, consumption will still be the most important factor. The final outcome of the tariffs remains uncertain, but under the baseline expectation, the Trump administration is likely to significantly reduce tariffs on China, especially on low- and medium-end manufacturing Commodities. The US fiscal situation in the second half of the year remains challenging, and thus the bank has raised its forecast for the fiscal deficit rate for the entire year.
Jensen Huang: Autonomous driving and robots will take off in the coming years.
① NVIDIA CEO Jensen Huang stated on Thursday that autonomous driving cars and robotics technology will thrive in the coming years; ② As the world's largest chip giant, NVIDIA plays an important role in promoting the development of autonomous vehicles, providing both hardware and software solutions.
Express News | The Ministry of Commerce introduced the situation of the first meeting of the China-US economic and trade consultation mechanism.
Express News | Debon Securities initially rates CHINA TELECOM as 'Buy', anticipating high growth potential for the company in the future.
CICC: The abundance of funds in the Hong Kong stock market and the scarcity of Assets.
CICC believes that the "abundance of funds" due to excessive liquidity and the "lack of assets" with limited returns will inevitably lead to overall Index trends being difficult to find, resulting in range-bound fluctuations, while structural market trends will flourish. Currently, the overall macro and market environment in China still needs repair but has structural highlights that are more favorable for Hong Kong stocks. This is because whether it is providing stable returns through dividends, or representing the mainline of structural opportunities such as new consumption, AI Technology, or even innovative drugs, Hong Kong stocks have a greater advantage, which also explains the outperformance of the Hong Kong stock market.
Express News | The first meeting of the China-U.S. economic and trade consultation mechanism began in London, United Kingdom.
Express News | CHINA MOBILE stated that the HKBN Trade has received approval from the State-owned Assets Supervision and Administration Commission and is actively in contact with other regulatory Institutions.
Not only in pharmaceuticals and new consumption, but "high-yield stocks" are also quietly reaching new highs! Seven stocks have been massively bought by Northbound funds exceeding 10 billion.
As of June 9, the Hong Kong stock "High Dividend Stock Concept" Index has fully regained the ground lost since the liberation by Trump, reaching a historical high. Looking back, in the 18 months since 2024, the High Dividend Stock Concept Index has only declined for 4 months, providing investors with a good holding experience.
Nomura's investment ratings and Target Prices for the three major Chinese telecom operators (table).
Nomura published a research report, listing the investment ratings and Target Prices for the three major Chinese telecom companies as follows: Stock | Investment Rating | Target Price (HKD) China Telecom (00728.HK) | Buy | 5.5 -> 7.2 China Unicom (00762.HK) | Neutral -> Buy | 6.9 -> 11.7 China Mobile (00941.HK) | Buy | 88 -> 106
Nomura has raised the Target Price for three major Chinese telecom stocks, upgrading China Unicom (00762.HK) to a "Buy" rating.
Nomura published a report indicating that the growth of the telecommunications industry in mainland China slowed in the first quarter, with service revenue growing by 0.7% year-on-year, and a growth of 1% year-on-year in the first four months of this year. China Mobile (00941.HK), China Telecom (00728.HK), and Unicom (00762.HK) grew year-on-year by 1.4%, 0.3%, and 2.1% respectively. Nomura believes that core businesses, including mobile and broadband, continue to be under pressure due to a saturated consumer market and increasingly intense competition. However, new businesses such as cloud applications from DeepSeek's LLM and other Gen AI applications are maintaining healthy growth.
Hong Kong stocks are moving differently | The Telecommunication Sector rises against the trend, April's Telecommunication Business income is recovering, Goldman Sachs states that the dividend yield of telecommunication operators is relatively attractive.
The telecommunication sector rose against the market trend. As of the time of writing, China United Network Communications (00762) increased by 3.15%, trading at 9.51 HKD; CHINA MOBILE (00941) rose by 1.95%, trading at 88.4 HKD; CHINA TELECOM (00728) increased by 1.58%, trading at 5.78 HKD.
China Mobile Hong Kong has completed the 5G upgrade project at the Lok Ma Chau Control Point and the High-speed Rail Hong Kong West Kowloon Station.
China Mobile Hong Kong has announced that after successfully completing the 5G upgrade at Luohu Port last year, it has recently finished the multi-band 5G upgrade project at Lok Ma Chau Port and High-speed Rail Hong Kong West Kowloon Station, and has deployed innovative "platform micro-stations" at multiple MTR stations. To enhance mobile data processing capacity during peak hours, China Mobile Hong Kong indicated that it has completed network upgrades for the 3.3GHz, 3.5GHz, and 4.9GHz Gold frequency bands at the aforementioned locations, covering the entry and exit gate areas of Lok Ma Chau Station's MTR platforms and the entry and exit hall, as well as key flow areas like the B1 to B3 levels of High-speed Rail Hong Kong West Kowloon Station. Field tests have shown that Lok Ma Chau Port.
The Telecommunication Sector in the Hong Kong stock market rose against the trend.
On June 6, Gelonghui reported that China United Network Communications and CHINA TELECOM rose over 2%, while CHINA MOBILE increased by 1.6%.
In "The Big Action", Bank of China International lists the active trading stock list of "southbound funds" for this year (table).
CMB International has released a report listing the "southbound capital" actively traded stocks for this year (as of June 3): Stock │ Total Trading (HKD) │ Net Buy (Buy - Sell) Trading (HKD) Alibaba-W (09988.HK) │ 677.307 billion yuan │ 93.112 billion yuan Tencent (00700.HK) │ 779.37 billion yuan │ 36.198 billion yuan MEITUAN-W (03690.HK) │ 326.467 billion yuan │ 26.975 billion yuan China Mobile (00941.HK) │ 1
In the "Big Banks" report, China International anticipates that the Hang Seng Index will reach 25,700 points by the end of the year, with a focus on high-end manufacturing, domestic demand, high dividend, and actively traded stocks in the southbound tradi
China International published a strategy report indicating that the liquidity of Hong Kong's financial market has improved, which is beneficial for the Hong Kong stock market. From 2025 to now, the Hong Kong stock market has recorded growth amid volatility, with an average daily turnover of 240.9 billion HKD as of June 3 this year, far exceeding last year's average of 110.4 billion HKD and the total of 131.8 billion HKD for the entire year of 2024. The Hang Seng TECH Index has risen 16.15% this year. As of June 3, all sectors recorded positive returns except for the energy sector, which fell by 2.58%. The healthcare, materials, and technology sectors performed particularly well, increasing by 37.18% respectively.
Express News | CHINA MOBILE signed a cooperation agreement with the People's Government of Henan Province.
【Broker Focus】CITIC SEC: The cloud computing market in China is in its nascent stage, and companies with advantages in capital, electricity, and regional resources will benefit more.
Jinwu Finance | CITIC SEC stated that the current computing power centers can be divided into IDC and AIDC, with AIDC providing the main incremental growth in the computing power market. Artificial intelligence requires a large amount of computation, and the required computing power is growing exponentially. Among the models ranked at the top for compute volume, the computation used for training compute-intensive models increases steadily by about five times each year. Looking at the global market, according to McKinsey's forecast, the demand for power capacity in data centers is growing at a rate of 19% to 27% per year. To avoid shortages, it is necessary to build at least twice the capacity in less than a quarter of the time between 2024 and 2030.