Hong Kong stocks trend | ZTE (00763) fell nearly 7%, ByteDance clarifies rumors of cooperation with Nubia, telecommunications capital expenditure slowdown affects core Business.

ZTE (00763) fell nearly 7%, as of the time of writing, it dropped 4.93% to 23.15 Hong Kong dollars, with a transaction volume of 0.827 billion Hong Kong dollars.

Zhitong FinanceJan 2 02:41 ET

[Brokerage Focus] Goldman Sachs raises the Target Price for ZTE (00763) by 14.5%, indicating it is likely to seize opportunities from the growth in AI demand.

Jingwu Financial News | Goldman Sachs reports that ZTE (00763) is expected to generate revenue of 35 billion yuan in 2024, remaining flat year-on-year but increasing by 27% quarter-on-quarter. Domestic telecom network demand is affected by a slowdown in capital expenditure cycles, while overseas business achieved double-digit year-on-year growth in the first three quarters of 2024. Enterprise ICT and Consumer Electronics businesses are key growth drivers, expected to account for 17% and 25% of revenue respectively in 2024. Due to an increased proportion of non-telecom business, the gross margin is expected to decline slightly to 38.6% quarter-on-quarter in 2024, although overall Net income is projected to grow by 52% year-on-year to 2.3 billion yuan.

Jingu Financial NewsDec 30, 2024 21:37 ET

Zhitong Hong Kong Stock Analysis | At the end of the year, funds are taking a steady route, and Douyin has launched gift red envelopes to stimulate individual stocks.

Today, the markets in both locations are lukewarm, which is generally the case at the end of the year, as there is pressure for capital recovery and issues with institutions redeploying. The Hong Kong stock market closed slightly down by 0.24%.

Zhitong FinanceDec 30, 2024 07:38 ET

Guosheng Securities: Pay attention to AIDC Infrastructure and recommend "Four Large and Four Small".

In the future, as the demand for Electrical Utilities in Datacenters gradually increases, power suppliers for Datacenters are expected to benefit from the demand for improved stability of Datacenters.

Zhitong FinanceDec 30, 2024 04:15 ET

Hong Kong Stocks Movement | ZTE (00763) rises over 5% again as computing power encounters multiple catalysts. Institutions are bullish on the company's ability to seize opportunities in the computing power industry.

ZTE (00763) has risen over 5% again, following a surge of more than 13% on the previous trading day. As of the time of writing, it has increased by 5.22%, trading at 26.2 Hong Kong dollars, with a trading volume of 0.83 billion Hong Kong dollars.

Zhitong FinanceDec 29, 2024 22:13 ET

Improved Earnings Required Before ZTE Corporation (SZSE:000063) Stock's 29% Jump Looks Justified

Simply Wall StDec 29, 2024 19:08 ET