Title Networking: China grants 5G licenses, network buildout will accelerate
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Title:Networking: China grants 5G licenses, network buildout will accelerate
Download File:Networking industry note 190611--sinopac.pdf 
  • Buy ZTE (763 HK), TP of HK$27 (based on its market cap)
  • Buy China¡¯s antenna giant Comba Telecom Systems Holdings (2342 HK), TP of HK$5.8 (14x 2019F P/E)
  • Buy WDM and amplifier producer O-Net Technologies Group (877 HK), TP of HK$2.41 (based on its market cap)
  • Buy mmWave component supplier Universal Microwave Technology (3491 TT), TP of NT$107 (17x 2019F P/E)
  • Buy heat pipe solution provider TaiSol Electronics (3338 TT), TP of NT$56.6 (14x 2H19-1H20F EPS)
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