BUZZ-ZTE's HK shares fall to nearly 9-month low on FY profit slip
Reuters03-09
BUZZ-ZTE's HK shares fall to nearly 9-month low on FY profit slip
** Hong Kong shares of ZTE Corp 0763.HK drop 9.4% to HK$23.04, lowest since June 23, 2025
** Stock set for biggest one-day pct decline since December 11
** Shenzhen-listed stock 000063.SZ dips 7% to 34.8 yuan, lowest since August 15
** China-based communications and IT solutions group's 2025 net profit slips 33.3% y/y; operating revenue climbs 10.4% y/y
** UOB Kay Hain retains "hold", trims PT to HK$23.20 from HK$29.40, citing co's FY25 results miss on continued deterioration in product mix as high-margin carrier network business continued to decline on weak telco spending
** YTD, HK stock down 14.2%, Shenzhen-listed shares down 6.9%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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