BUZZ-ZTE's Hong Kong shares hit over 5-week peak after posting solid Q1

Reuters04-26

** Hong Kong stock of China's information and communication technology systems developer ZTE Corp rise 4.3% to HK$16.86, their highest since March 19

** Stock on track for the biggest one-day pct rise since April 17

** ZTE Shenzhen shares rise 3.8% to 28.86 yuan, highest since April 19

** ZTE says its Q1 net profit up 3.7% Y/Y and operating revenue up 4.9% Y/Y

** Citi maintains "buy" rating on the stock after the broadly in-line 1Q24 result

** Hang Seng Commerce & Industry Index rises 2.5%, Hang Seng Composite Index adds 2.2% and Hang Seng Index

up 1.8%

** Hong Kong stock down 3.6% YTD, while Shenzhen shares up 8.8% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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