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<Research>M Stanley Cuts ZTE (00763.HK) Earnings Forecast, TP to $31.5
Recommend 11 Positive 12 Negative 12 |
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The risk reward for ZTE (00763.HK) was updated, and based on the weaker-than-expected 3Q25 results, Morgan Stanley revised down the company's revenue forecasts for 2025-27 by 5%/ 6%/ 7%, and reduced the gross margin assumptions by 0.9%/ 0.5%/ 0.4% to reflect the domestic 5G revenue shortfall, Morgan Stanley said in a research report. As a result, the broker adjusted the company's earnings forecasts for 2025-27 down by 11.1%/ 12.5%/ 10.9%, and consequently lowered the target price from HK$35 to HK$31.5, maintaining a rating of Equal-weight. AASTOCKS Financial News Website: www.aastocks.com |
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