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22823 UB-ZTE @EC2411A (CALL)
RT Nominal up0.032 +0.007 (+28.000%)

19/08/2024 14:38

{I-bank focus}UBS lowers ZTE (00763) to HKD18.5

[ET Net News Agency, 19 August 2024] UBS lowered the target price for ZTE (00763) to
HKD18.5 from HKD19 and maintained the "neutral" rating.
The research house said it trims 2024-26 net profit by 1-3% mainly due to lower carrier
business revenue. (rc)

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