Financial topics: six experts are paying shares to hold the 5G concept infrastructure income section

In the first trading day of January this year, the Hang Seng Index fell 715 points to create the “worst in history” start, followed by a sharp turn, starting from 25130 points and rebounding nearly 3,000 points. At the beginning of the Year of the Pig, this newspaper is the money that everyone just received, looking for value-added space, targeting the entrance fee of less than 10,000 yuan. A number of analysts said that the stock market is still in high demand this year, but from the mid-cap stocks, looking for stocks with defensive stocks, some stocks also have an appreciation value. Reporter: Yu Bingfeng

Guo Sizhi: The tower was bought by the fund

Guo Sizhi, chief executive officer of Difeng Securities, believes that Hong Kong stocks rebounded mostly in the first and second quarters of this year, and 5G concept stocks could outperform the market. “The big blue chips want to move to China Mobile (941), and the other (medium stocks) are China Railway Tower (788). I have already come up.”

Guozhi 5G technology is not only used for telephone or communication purposes, but also for car navigation, drones and aviation. China Mobile is the leader in the telecommunications industry in the Mainland. It is expected to gain investor speculation based on the 5G concept, so that the price-earnings ratio will rise to 15 to 18 times. High to see the level of 100 yuan. If the profit is not much, the tower is an option. Guo said that the fund is collecting iron towers. “See 2 mosquitoes on the ground floor and take the chickens.” They think that they should buy them now, but it is difficult to evaluate them before their results are announced. Reasonable price-earnings ratio range, so for the time being only optimistic about the first season of hype.

Qi Jingyao: Huixian has a high dividend payout ratio

Ms. Jing Jingyao, Marketing Manager of Maoming Securities Brokerage Business Department, pointed out that Hong Kong-listed real estate trusts (REITs) must use 90% of net income as dividends. “REITs have a stable investment value in the bear market.” The funds will continue to flow into REITs, making REITs outperform the market, so Huixian Industrial Trust (87001) is recommended.

explained that although the prospects for property in the Mainland are not particularly good, many of the Mainland properties held by Hui Xian are located in the first-tier areas and are expected to maintain stable rental income. The dividend payout ratio is expected to continue to exceed 8%. In contrast, Link (823) will sell the property. The short-term stock price positive factors have been reflected. It is expected that the share price of the Link will be difficult to break this year. Huixian will have a higher return in the future. It is recommended not to buy the price, and not to set the target price.

Zhi Yaohui: ZTE target 20 yuan

Yao Yaohui, director of Yaocai Securities Research Department, is optimistic about ZTE (763), saying that the mainland is expected to conduct a commercial test on 5G technology next year. It is expected that relevant investment will have considerable growth this year. In terms of policy, the mainland authorities are expected to release 5G test licenses in the near future, and several provinces and cities will also accelerate the construction of 5G infrastructure as a focus of work in 2019, which will further promote ZTE’s performance.

ZTE has successfully completed the NR test of the 5G base station in the 2.6GHz band. It is reflected in the maturity and commercial deployment of the 5G system. It has considerable capabilities. The Group also expects to launch the first 5G mobile phone in the middle of this year. It is expected to have positive support for the stock price. In view of the recent increase in the stock price, it is recommended that the stock price of ZTE be adjusted to buy below 15 yuan, and the target for the year is 20 yuan, with a stop loss of 13 yuan.

Huang Weihao: China Railway Construction Valuation

Huang Weihao, director of the research department of Zhongmin Securities (Hong Kong), suggested that China Railway Construction (1186) could be bought at 10.4 yuan, and it is expected to rise 20% before the end of the year, see the level of 12 yuan or above. According to Huang’s analysis, although Hong Kong stocks rebounded from the low level by nearly 3,000 points in January, it is more likely due to the fact that Hong Kong stocks with low levels of stocks are selling goods. The public is still worried about the downside risks of the Chinese economy. In this context, the central government will be in the infrastructure. In terms of increased efforts, this year’s high-speed rail infrastructure plans to put into operation a new line of 3,200 kilometers, and the scale of special infrastructure-related debts has increased from more than 1.3 trillion yuan last year to about 1.5 trillion yuan this year, which is expected to be large. Some infrastructure projects will speed up.

At the level of China Railway Construction’s valuation, Huangzhi’s average P/E ratio for the past 10 years is about 11.8 times. China Railway Construction’s current P/E ratio is at a low level and its valuation is cheap.

Huang Guoying: Kingdee Cloud Business is good

Huang Guoying, director of the Financial Asset Management Department, said that he would be interested in Kingdee (268) if he wanted to hold the Hong Kong stocks for a certain period of time, because cloud computing application services gradually penetrated into all walks of life and the world was a big trend. Amazon and other companies have demonstrated their The power, coupled with the current major disputes between China and the United States, has accelerated the need for local companies to consider “localization” when purchasing services. Therefore, it is believed that similar enterprises in China have the opportunity to issue in the Mainland. Huang pointed out that although Jinshan Software (3888) also has cloud computing applications, its computer game business still accounts for a considerable proportion, and Kingdee will replace its single sales to sell its services, which will help reduce the transfer rate and improve its profitability. . He suggested buying 7.5 yuan, 6 yuan stop loss, but no target price, “When (can become) China’s important cloud accounting company. When buying a Chinese dream.”

Tan Langwei: CITIC Telecom can be

Fu Long Securities Co-Director Tan Langwei selected CITIC Telecom International (1883) as a profit-seeking target. He believed that the price of 2.7 yuan could be purchased in stages, with a target price of 3.4 yuan. Tan said that CITIC Telecom International is the leader of the telecommunications industry in Macau, with a market share of about 50%. It is expected to launch faster 5G communication services during the year. Due to the relatively small market size of the local telecommunications industry, competitors are not very involved. Coupled with its leading position, the new service has a large price increase.

On the other hand, Tan believes that the Hong Kong stock market is volatile. It is advisable to buy defensive interest-bearing stocks for long-term holdings. CITIC Telecom’s dividend yield is 5%, which is eligible.