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22823 UB-ZTE @EC2411A (CALL)
RT Nominal unchange0.025 0.000 (0.000%)

08/02/2024 14:26

{I-bank focus}HSBC lowers ZTE (00763) to HKD16.9

[ET Net News Agency, 8 February 2024] HSBC Global Research lowered the target price for
ZTE (00763) to HKD16.9 from HKD27.8 and maintained the "buy" rating.
The research house said it sees limited downside risk given the stock is trading near
its historical trough valuation level and the H-shares offer over 4% dividend yield for
2024e. (RC)

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