[ET Net News Agency, 30 October 2023] UBS lowered its price target for ZTE (00763) to
HKD19.1 from HKD34.4 and downgraded its rating to "neutral" from "buy".
The research house said with stalling telco capex, peaking gross margin, and overhang
from Huawei competition, share price would remain under pressure. (RC)