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)

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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. 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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":"00763","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,"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. 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