At the spring online strategy meeting of Huaxia Fund on the 26th, China Securities Co.Ltd(601066) Wu Chao, executive director and managing director of research and development department and chief analyst of TMT industry, delivered a speech entitled “from 5g new infrastructure to new applications, from Internet + + to industry +”. She believes that at the current time point, the science and technology sector is still the most worthy sector in the whole A-share market for a long time.
Wu Chao said that there is a lot of opportunity for 5g plate application. In the 3G era, for every 1 yuan invested in infrastructure, there will be about 7 yuan of application and content output. Even if it is simply deduced linearly according to this proportion, the current 5g investment of about 1.2 trillion yuan will probably have at least 8 trillion yuan of application and content output in the future.
In terms of 5g segment track, there are three directions for personal consumption: cloud games, augmented reality and virtual reality, and HD live broadcast. Enterprise oriented applications also have three aspects: cloud office, Internet of vehicles and industrial Internet.
Wu Chao said that 5g development must be a long-term event in the next three to five years. Neither related infrastructure investment nor related application development will end in a year or two. Corresponding to the plate market, the probability will continue to rise in the process of game and balance.
Wu Chao expects that all industries may be associated with 5g in the future. 5g, like water and electricity, will become a basic production tool and factor. Therefore, for investors, it is more important to find companies that can make good use of these tools, that is, companies that can land 5g and do a good job in 5g scenarios. This is called “Internet plus to industry +”.
At the current time point, Wu Chao believes that in traditional industries, there will be more good companies in industries with high concentration and high tolerance for new technologies. For example, energy industry, automobile industry (Internet of vehicles), home appliance industry, etc. Just like smart home is not necessarily an Internet company, and the Internet of vehicles is not necessarily a “new force for car making”. Companies that can endow technology to industry and finally combine with industry to make the scene real may be the real good companies in the future.
In addition, Wu Chao believes that cloud computing will also be a long-term investment main line. Cloud computing has entered a mature period. At this time, the leading companies on each subdivision track have come to the fore. Although its future elasticity may not be as large as 5g applications, as an industry of “selling shovels” serving 5g applications and content providers, the certainty of the cloud computing industry chain itself is higher.
(Shanghai Securities News)
