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<Research>G Sachs Expects ZTE's 2Q Rev. to Grow 12% YoY, Keeps Neutral Rating
Recommend 10 Positive 15 Negative 10 |
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Goldman Sachs released a research report, predicting that ZTE (00763.HK)'s 2Q25 revenue will hike 12% YoY to RMB35.6 billion, on the back of higher demand for AI infrastructure, AI devices, and AI software for enterprise and consumer clients. The broker assumed that enterprise and consumer electronics businesses will continue to be the key growth drivers for ZTE. The gross margin for 2Q25 was expected to further lift to 37.8%, vs 34.3% in 1Q25. Goldman Sachs trimmed its earnings forecast for 2025-27 on the company by 4%/ 4%/ 2%, and its revenue forecast by about 1%, to reflect the slowdown in telecom operators' network capex cycle. It maintained a Neutral rating on ZTE, with the target price reduced from HKD33 to HKD29.3. AASTOCKS Financial News Website: www.aastocks.com |
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