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Hong Kong stocks move | ZTE (00763) fell over 6% in the afternoon, with its profit performance in the second half of the year falling below expectations. Institutions state that the Operation Business is expected to recover this year.
ZTE (00763) fell over 6% in the afternoon, and as of this report, it is down 5.18%, priced at 27.45 HKD, with a transaction volume of 0.973 billion HKD.
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Hong Kong stock Concept tracking | The Ministry of Industry and Information Technology urges to accelerate the 6G research and development process. Institutions: Focus on the three major Operations (attached Concept stocks).
The Ministry of Industry and Information Technology held a meeting emphasizing the need to continue promoting high-quality development in the Information & Communication industry, expand the large-scale application of 5G, and accelerate the research and development process for 6G.
Bank of America Securities: Upgrades ZTE rating to "Buy" and raises the Target Price to 32 HKD.
Bank of America Securities released a Research Report stating that it has upgraded ZTE (00763) from 'Neutral' to 'Buy', increasing the Target Price from 21 Hong Kong dollars to 32 Hong Kong dollars. The firm is bullish on ZTE's Server business development, noting that as order volume from Chinese telecommunications operators and communication service providers increases, ZTE's Server business is expected to expand significantly in 2024, anticipated to be driven by the growth of the Datacenter industry and increased demand for Servers, with robust growth expected in the Server business over the next two years. However, due to the weak performance in operator business, the firm has lowered its profit forecasts for ZTE by 12% to 17% for the next two years.
What happened? The trillion-yuan giant suddenly surged, with Block Orders exceeding 1.1 billion.
Key period of transformation.
La Soluzione Minimalist Private 5G-A Di ZTE Vince Il Premio Innovazione Di GSMA Foundry Ai Premi GLOMO 2025