ZTE's Revenue Likely Weighed by Weak Telecom Equipment Demand -- Market Talk

Dow Jones10-23

0324 GMT - ZTE's revenue will likely continue to be weighed by weak telecom equipment demand over the next one to two years, Nomura analysts say in a research note. Although China's domestic telecom operators are in a capital-expenditure downcylce, ZTE still has opportunity to expand its carrier service in overseas markets, they say. Meanwhile, ZTE's enterprise and consumer business could continue to see healthy demand, bolstered by China's expected fiscal stimulus package. Nomura cuts ZTE's 2024-2026 earnings forecasts by 4%-8%. It downgrades the stock to neutral from buy and lowers its target to HK$21.00 from HK$22.00. Shares are last at HK$19.24. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

October 22, 2024 23:24 ET (03:24 GMT)

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2477749344?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-23 11:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2477749344","market":"hk","top_or_hot":-1,"title":"ZTE's Revenue Likely Weighed by Weak Telecom Equipment Demand -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0324 GMT - ZTE's revenue will likely continue to be weighed by weak telecom equipment demand over the next one to two years, Nomura analysts say in a research note. Although China's domestic telecom operators are in a capital-expenditure downcylce, ZTE still has opportunity to expand its carrier service in overseas markets, they say. Meanwhile, ZTE's enterprise and consumer business could continue to see healthy demand, bolstered by China's expected fiscal stimulus package. Nomura cuts ZTE's 2024-2026 earnings forecasts by 4%-8%. It downgrades the stock to neutral from buy and lowers its target to HK$21.00 from HK$22.00. Shares are last at HK$19.24. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 22, 2024 23:24 ET (03:24 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ZTE's Revenue Likely Weighed by Weak Telecom Equipment Demand -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZTE's Revenue Likely Weighed by Weak Telecom Equipment Demand -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-23 11:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0324 GMT - ZTE's revenue will likely continue to be weighed by weak telecom equipment demand over the next one to two years, Nomura analysts say in a research note. Although China's domestic telecom ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"000063","symbol_name":"中兴通讯","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2477749344","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477749344","pubTimestamp":1729653840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0324 GMT - ZTE's revenue will likely continue to be weighed by weak telecom equipment demand over the next one to two years, Nomura analysts say in a research note. Although China's domestic telecom operators are in a capital-expenditure downcylce, ZTE still has opportunity to expand its carrier service in overseas markets, they say. Meanwhile, ZTE's enterprise and consumer business could continue to see healthy demand, bolstered by China's expected fiscal stimulus package. Nomura cuts ZTE's 2024-2026 earnings forecasts by 4%-8%. It downgrades the stock to neutral from buy and lowers its target to HK$21.00 from HK$22.00. Shares are last at HK$19.24. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"000063":"中兴通讯","00763":"中兴通讯"},"translate_title":"中兴通讯收入可能受到电信设备需求疲软的影响——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00763":1,"000063":0.9},"content_text":"0324 GMT - ZTE's revenue will likely continue to be weighed by weak telecom equipment demand over the next one to two years, Nomura analysts say in a research note. Although China's domestic telecom operators are in a capital-expenditure downcylce, ZTE still has opportunity to expand its carrier service in overseas markets, they say. Meanwhile, ZTE's enterprise and consumer business could continue to see healthy demand, bolstered by China's expected fiscal stimulus package. Nomura cuts ZTE's 2024-2026 earnings forecasts by 4%-8%. It downgrades the stock to neutral from buy and lowers its target to HK$21.00 from HK$22.00. Shares are last at HK$19.24. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 22, 2024 23:24 ET (03:24 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477749344"}