Huaxi Securities released a research report stating that at the current juncture, amid global geopolitical conflicts, Sino-US tech competition, overseas skepticism about AI investments, and the approaching Federal Reserve meeting, the market is expected to remain volatile. The firm advises a relatively cautious stance with neutral allocations.
In the long term, trends such as 6G in the TMT sector, domestic substitution, self-sufficiency, and defense-related developments will have phased impacts, catalyzing market opportunities in areas like computing power leasing, satellite communications, defense communications, and 6G. The firm remains firmly optimistic about the high growth and vast potential of these industries in the medium to long term.
Huaxi Securities believes that the accelerated national push for commercial aerospace development will likely drive the rapid adoption of applications such as direct satellite-to-phone connectivity and BeiDou messaging. Commercial trials of satellite IoT will accelerate collaboration across industries, including operators, satellite providers, module and chip manufacturers, enabling wide-area connectivity in sectors like maritime, emergency response, energy, transportation, and agriculture.
As a foundational element of 6G network construction, satellite networks align with current 6G standards and timelines. Since August, authorities have indicated plans to issue satellite internet licenses, marking a critical first step toward commercial operations in China. The issuance of these licenses is expected to propel the entire industrial chain toward large-scale development.
With the commencement of the first launch project in the reusable rocket pre-research phase, commercial aerospace is entering an accelerated implementation stage. Satellite internet is experiencing rapid growth, with regular constellation launches enhancing communication capacity and reducing latency. Additionally, applications such as broadband direct satellite-to-phone connectivity and low-orbit satellite-enabled autonomous driving systems are expected to be deployed swiftly.