Electronic Industry Weekly: Mobile Phone Sales Increase Year-on-Year
- Release on:2018-06-13
According to the data released by the China Information Technology Institute, in May 2018, the domestic mobile phone market shipments totaled 37.836 million units, which was a year-on-year increase of 1.2%, which ended the 14 months of consecutive month-on-month drop in shipment volume.
This week's investment perspectives semiconductor sector: The United States and ZTE reached an agreement, ZTE needs to pay a one billion US dollar fine + 400 million US dollars deposit, the need to replace the management team and accept the US team for a 10-year supervision, but the Sino-US trade friction has not yet been material Sexual solution. Sino-US trade friction once again reminded the importance of "chip localization." From a fundamental perspective, in the first quarter of 2018, China's integrated circuit industry maintained rapid growth, with sales up 20.8% year-on-year to 115.29 billion yuan. At present, the second phase of the major fund is being raised and the scale will reach 1,500-200 billion yuan. In the future, domestic substitution will continue to be supported by national policies and funds. From the perspective of the downstream market, semiconductor products are an indispensable part of the emerging industries including 5G, artificial intelligence, and the Internet of Things, and have long-term certainty. Therefore, we suggest that the mid-to-long-term layout of the chip localization sector.
Consumer electronics sector: With the launch of Xiaomi, a number of new Android phones, and Apple's entry into the stock season, the consumer electronics sector has gradually bottomed out. According to the data released by the China Information Technology Institute, in May 2018, the domestic mobile phone market shipments totaled 37.836 million units, which was a year-on-year increase of 1.2%, which ended the 14 months of consecutive month-on-month drop in shipment volume. With the advent of the traditional peak season of mobile phone spare parts in the second and third quarters, the fundamentals of the consumer electronics industry will pick up. In the early days, the stock price of the plate company has dropped sharply. The valuation has been at a relatively low level and has a high allocation value. . Therefore, we suggest to pay attention to the mobile phone industry chain, choose the stocks that match the performance valuation, especially the suppliers of innovative mobile phone parts, to welcome the advent of consumer electronics season.
Panel Panel: Large-size panels such as TV panels have fallen for three consecutive quarters since the end of the second quarter of last year, and whether the current price is still to be confirmed remains to be further confirmed. The prices of small and medium-sized panels such as monitors, notebooks, and mobile phone panels have been relatively stable and have shown signs of bottom. Therefore, we recommend focusing on small and medium size panels while temporarily avoiding large panel sizes.