Movement Alert｜ZTE Corporation Falls 3.13% in Regular Trading, Profit-Taking Persists Amid JP Morgan Stake Reduction and Earnings Concerns

Market Focus06-12

On June 12, ZTE Corporation (00763.HK) declined 3.13% in regular trading, trading at 25.34 HKD/share, with turnover of 588 million HKD.

The stock continues to face profit-taking pressure following a sharp rally driven by Morgan Stanley upgrading ZTE to Overweight with a target price of 39 HKD, as well as deepened AI collaborations with ByteDance and Tencent. The sustained selling has been compounded by JP Morgan reducing its stake in ZTE H-shares from 7.65% to 6.73% as of June 5, with shares sold at an average price of approximately 30 HKD. Fundamental headwinds persist, as the company reported a 46.58% year-over-year decline in Q1 net profit attributable to shareholders, continuing to weigh on valuation sentiment.

Within the Communications Equipment sector, performance remains mixed. Among peers, TRIGIANT fell 5.24%, SYNERTONE declined 2.63%, and YOFC dropped 1.91%, while FS.COM gained 5.15% and CIG rose 4.41%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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