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Hong Kong stock market fluctuations | ZTE Corp. (00763) fell more than 4% again. Q2 performance is mixed. Credit Suisse revised down its profit forecast and target price.
ZTE (00763) has been consistently declining recently, with a further drop of over 4% in the morning session. As of the time of writing, it has fallen 4% to HKD 15.38 with a turnover of 0.154 billion HKD.
Zhitong Hong Kong shares early to know | NDRC: promote the renovation of hydropower equipment and thermal power equipment. Two departments: Encourage the overall transformation of old substations and transmission lines.
Two departments issued a notice on the "Implementation Plan for Large-scale Equipment Renewal in Key Energy Areas".
zte (00763.HK): Xie Daxiong reduces the shareholding of 0.0697 million shares of the company's A shares, and the shareholding plan has been completed.
On August 21st, ZTE (00763.HK) announced that the company has received a notice letter from Mr. Xie Daxiong informing the completion of the shareholding reduction plan. Mr. Xie Daxiong has reduced his holdings of 69,700 A-shares of the company, and the reduction plan has been completed.
Goldman Sachs maintains a 'Neutral' rating for ZTE (00763) and lowers the target price to HKD 22.
Goldman Sachs has raised its earnings per share forecasts for ZTE (00763) to 10%, 8%, and 13% for the years 2024 to 2026, respectively.
CMB International: Maintains a "buy" rating on ZTE (00763) with a target price of HKD 22.17.
CMB International expects that ZTE (00763) non-communication business can maintain double-digit growth.
HK stocks volatility | ZTE (00763) fell nearly 3%, and Bank of America believes that the 5G uplink cycle has passed. It is expected that the company's sales in the second half of the year will continue to be under pressure.
ZTE (00763) fell nearly 3%. As of press time, it fell 2.76% to HKD 16.20 with a turnover of HKD 0.101 billion.
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