ZTE 0763

Re: ZTE 0763

Postby winston » Tue Jun 19, 2018 11:01 am

ZTE Proposes to Apply RMB30B, USD6B Credit Facilities from Banks

ZTE (00763.HK) (000063.SH) announced that the company proposed to apply Composite Credit Facilities of RMB30 billion from BANK OF CHINA (03988.HK) and Composite Credit Facilities of USD6 billion from China Development Bank, Shenzhen branch.

Source: AAStocks Financial News
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Re: ZTE 0763

Postby winston » Tue Jun 19, 2018 11:04 am

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<Research Report>G Sachs Downgrades ZTE to Neutral on Expected Challenging Future

ZTE (00763.HK) has recently reached settlement with the US BIS.

However, Goldman Sachs anticipated in its report that the company is still facing a challenging future following the two-month hiatus triggered by the US sanction, especially in its business in Europe.

ZTE was downgraded to Neutral from Buy at the target price lowered to $15 from $34.

Source: AAStocks Financial News
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Re: ZTE 0763

Postby winston » Tue Jun 26, 2018 7:38 am

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ZTE’s global smartphone sales likely to slump more than half because of US export ban

Phone sales hammered even though company takes steps to get US ban lifted

by Li Tao

"Even if the US lifts the export ban immediately, the company has estimated that smartphone sales this year may not even reach 50 per cent of the number achieved in 2017,” said a person familiar with the situation who asked not to be named as the information is private.

ZTE’s fate is now at the mercy of a US political tug of war, after both Republican and Democrat senators voted by 85 to 10, to add language to a defence bill that would repeal President Donald Trump’s agreement to end the ban on US exports.

ZTE derived 59 per cent of its revenue last year from its carrier network business, which includes switching and access systems, optical and data communications and wireless communication systems.

Another 32 per cent of its revenue came from its consumer business, mostly from smartphone and tablet sales, and the remaining 9 per cent from government and corporate business, according to data compiled by Bloomberg.

“We can expect barely any sales from the second and third quarters even if the ban is lifted right away, as it will take months for ZTE to restore its operations and sales,” said Zaker Li, a senior industry analyst with IHS Markit.

Meanwhile, US lawmakers are also considering legislation that would bar government agencies from using ZTE and Huawei products, which some politicians have described as a potential security threat. The Pentagon this spring stopped the sale of Huawei devices on its military bases.

Unlike most Chinese smartphone brands which generate most of their sales from the domestic market, ZTE is largely dependent on overseas sales to the US and certain European markets.

ZTE is currently the fourth-largest smartphone vendor in the US following Apple, Samsung and LG. In the fourth quarter of last year, ZTE accounted for 10 per cent of North American smartphone shipments, research agency Counterpoint said in a release.

ZTE’s smartphone shipments had already been under pressure before the US ban. Shipments declined 17 per cent to 9.3 million in the first quarter of 2018 from 11.2 million during the same period in 2017, according to an earlier research report from IHS Markit.

In the US, the company has established relationships with carriers such as Metro PCS and Cricket Wireless. These relationships are now under threat and ZTE might not be able to restore them even if the ban is lifted, said the IHS Markit report.

Source: SCMP

http://www.scmp.com/tech/article/215230 ... export-ban
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Re: ZTE 0763

Postby winston » Thu Mar 28, 2019 1:19 pm

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Nomura Raises ZTE (00763.HK) TP to $26; Upgraded to Buy

ZTE (00763.HK) recorded 21% YoY revenue slide and RMB7 billion loss last year, missing consensus by 6% and 7%.

Hence, Nomura trimmed the company's 2019-20E earnings by 3% and 6%.

Overall, ZTE was upgraded from Neutral to Buy, with target lifted from $16 to $26.

Source: AAstocks.com
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Re: ZTE 0763

Postby winston » Thu Mar 28, 2019 1:21 pm

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ZTE A/H Shrs Rally 10-12%; Expects Turnaround to Up to RMB1.2B Profit in 1Q19

As expected, ZTE (00763.HK) swung into substantial loss in 2018, dampened by US$1 billion penalty to the US government and investment income slide.

However, the company anticipated to swing into 1Q19 profit of up to RMB1.2 billion.

ZTE rocketed 12% to $24.55, on volume of 26.83 million shares and turnover of $644 million.

Snapping the two-day losing streak, ZTE's A-share hit the day limit at RMB29.34, on volume of 136 million shares.

Source: AAstocks.com
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