[ET Net News Agency, 6 January 2020] DBS Group Research raised its target price for ZTE
Corporation (00763) to HK$22.7 from HK$21.9 and maintained its "hold" rating as it faces
higher operational risks amid the Sino-US trade dispute.
The research house said ZTE is one of the key beneficiaries of 5G capital expenditure
(capex). DBS said Chinese technology companies with global exposure are now facing higher
business risks amid the US-China trade dispute. It noted that a compliance team from US
regulators has been placed at ZTE after it has violated US export controls related to
Iran. Potential operational disruptions due to suspension of component supply would lead
to business uncertainty and loss of customer confidence. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00763 ZTE
Nominal 
17.220 +0.340 (+2.014%) Others
06/01/2020 17:11
{I-bank focus}DBS raises ZTE Corporation (00763) to HK$22.7
| Remark: | Real time quote last updated: 10/05/2024 17:59 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |