UBS predicts China will be largest 5G phones marketBusiness | 29 Oct 2019 3:55 pm
China will be the largest export market for 5G smartphones next year, with a share of nearly 50 percent, said Sundeep Gantori, equity analyst and global wealth management, chief investment officer at UBS global wealth management.
Gantori expects shipments of 5G phones to hit 125 million next year.
Asia will account for more than half of the 5G capital expenditures, driven by the Chinese market, he said.
Gantori said he is bullish on new tech stocks, especially the performance of platform companies, and expects the sector to outperform the market in the next six to 12 months.
Gantori said mobile phone gear suppliers will benefit in the short term and will enter a major upgrade cycle in 2020, indicating a better investment opportunity.
UBS Wealth Management Asia-Pacific co-head Amy Lo, said she has not seen significant capital outflows from Hong Kong, even though more investors have been inquiring about services of various booking centers over the past few months, to diversify their investments.-Photo: CGTN