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00763 ZTE
RTNominal down25.700 -0.400 (-1.533%)
Research Report

18/03/2021 11:36

{I-bank focus}UBS lifts ZTE Corporation (00763) to HK$28

[ET Net News Agency, 18 March 2021] UBS Global Research lifted its target price for ZTE
Corporation (00763) to HK$28 from HK$25.5 and maintained its "buy" rating.
The research house believes the fundamental drivers to ZTE's pre-announced 1Q 2021
result were improving gross margin from reduced product costs and solid sales momentum in
the Networks business as the company benefited from the domestic 5G roll-out and improved
market share across its various product lines.
UBS believes the momentum is likely to continue and with the stock trading on 14x FY2021
PE, 15% below its historical average. (KL)

Remark: Real time quote last updated: 29/09/2021 10:45
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