Movement Alert|ZTE Corp Rises 3.17% in Regular Trading, Communications Equipment Sector Partial Recovery Drives Rebound

Market Focus06-25 09:51

On June 25, ZTE Corporation rose 3.17% in regular trading, reaching HK$24.46 with turnover of approximately HK$77.66 million. The rebound was primarily driven by a partial recovery across the communications equipment sector.

On the news front, the communications equipment sector showed signs of warming, with YOFC surging 8.12% and Trigiant gaining 3.19%, creating sector resonance that lifted ZTE from recent lows. Morgan Stanley previously upgraded ZTE H-shares to Overweight with a target price of HK$39, citing an expected earnings inflection point in the second half and AI-related catalysts, providing medium-term support for the stock.

However, headwinds persist. The company reported a 46.58% year-over-year decline in Q1 net profit attributable to shareholders. Additionally, JPMorgan has been continuously reducing its stake, with holdings falling to 6.82%, reflecting a cautious stance among foreign institutional investors. Short-selling ratios remain elevated, adding further pressure to near-term sentiment.

(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.)

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