Montnets Cloud Technology Group Co.Ltd(002123) (002123)
1、 Event overview
On December 14, 2021, the company announced that China Mobile Internet capability open platform publicized the "partner recruitment project of China Mobile Internet Co., Ltd. on SMS applet 2.0 terminal parsing service capability" selected by Shenzhen Montnets Cloud Technology Group Co.Ltd(002123) Development Co., Ltd., a wholly-owned subsidiary of Montnets Cloud Technology Group Co.Ltd(002123) .
2、 Analysis and judgment
5g news continued to make progress in key areas, and the winning China Mobile project continued to enhance its strength
This time, it was selected into the "partner recruitment project of China Mobile Internet Co., Ltd. on terminal analysis service capability of SMS applet 2.0". On the one hand, it reflects the company's own accumulation and strength in 5g message field. On the other hand, it also shows that the company will fully support the platform capacity-building and operation of SMS applet 2.0.
This selection will further enhance the company's leading edge in 5g news field. The company has been shortlisted by CSPs from 13 provinces of China Mobile and the first batch of CSPs from China Unicom, and won the bid for the operation of China Mobile Internet message aggregation platform The internal business scenario SMS applet upgrade supports the procurement project (the winning shares of both projects are 100%). The winning of major projects shows the company's competitiveness and leading position in 5g message platform level deployment and solution capability, and is expected to continue to benefit from the continuous promotion of industrial development in the future.
The commercialization of 5g continues to advance, and the long-term application prospect in the future can be expected
The commercialization of 5g messages in China has been continuously promoted. In April 2021, the three major operators jointly put forward some ideas on the ecological construction of 5g messages. On November 2, 2021, China Mobile Internet Co., Ltd. officially released the "SMS applet 2.0" product, and subsequently China United Network Communications Limited(600050) took the lead in launching the trial commercialization of 5g messages nationwide. The launch of the terminal resolution service capability partner recruitment project shows that 5g message has officially entered the landing stage and continues to be promoted, and the long-term prospect is promising.
3、 Investment advice
The bid winning landing verifies the company's own strength and industry status, and also marks the continuous promotion of 5g news commercialization. In the future, the company is expected to continue to benefit from the promotion of the industry. It is estimated that the company's EPS from 2021 to 2023 will be RMB 0.39/0.55/0.68 respectively, and the corresponding PE will be 47x, 33x and 27x respectively. The wind5g application sector has an average valuation of 52X in 2021 (according to the consensus expectation of wind). The company has certain valuation advantages, covers it for the first time, and gives a "recommended" rating.
4、 Risk tips:
5g news: the commercial popularization progress is less than expected, the industry competition is intensified, and the technical route may change.
