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UOB Kay Hian: Lowers ZTE's target price to HK$23.2, maintains 'Hold' rating
7 hour ago /
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Author：小编
UOB Kay Hian's research report indicates that ZTE's performance in the fourth quarter of 2025 improved but still fell short of expectations, with full-year net profit declining by 43% year-on-year to RMB 296 million, primarily due to weak profitability. The bank has lowered its net profit forecasts for ZTE for 2026 and 2027 to RMB 7.4 billion and RMB 7.9 billion, respectively, and reduced the target price from HK$29.4 to HK$23.2, maintaining a 'Hold' rating.
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