ZTE 0763

ZTE 0763

Postby winston » Tue Jun 17, 2008 11:43 am

Not vested. STOCK ALERT - ZTE surges in Hong Kong on brokerage upgrade

HONG KONG (XFN-ASIA) - ZTE Corp, one of China's leading telecommunication equipment makers, was sharply higher after Goldman Sachs upgraded the company's Hong Kong-listed shares to "buy" from "neutral".

At 11.15 am, the stock was trading up 1.50 hkd or 4.61 pct at 34.05 while the Hang Seng index was down 28.96 points or 0.15 pct at 22,995.29.

Goldman also raised its target price on the stock to 43 hkd from 30 hkd on expectations of a surge in orders as capital expenditure on 3G technology by mainland telecom firms will likely increase significantly in the fourth quarter.

Goldman believes that ZTE will benefit most from increased 3G capital expenditure.
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Re: ZTE 0763

Postby winston » Thu Aug 21, 2008 11:04 am

Not vested.

STOCK ALERT - China's ZTE up in Hong Kong on H1 results, CDMA equipment orders

HONG KONG (XFN-ASIA) - ZTE Corp shares were higher after the mainland firm reported a 21.2 pct increase in first-half net profit and news that it won some CDMA equipment orders from China Telecom.

At 10:42 am, stock was up 0.15 hkd or 0.42 pct at 35.95, while the Hang Seng index was down 351.78 points or 1.68 pct at 20,578.37.

ZTE Corp, one of China's major telecom equipment manufacturers, said its first-half net profit rose to 557.39 mln yuan from 459.84 mln a year earlier on strong sales growth in overseas markets.

Meanwhile, China Telecom Group said ZTE Corp, Huawei Technologies and Alcatel Shanghai Bell have won contracts in the first phase of its listed-unit China Telecom's CDMA equipment tenders.

The telecom operator did not provide details of the contracts awarded. But media reports said the first phase was worth 2.8 bln yuan andthat ZTE won about 50 pct of the orders.

Citigroup raised its target price for ZTE Corp to 44 hkd from 37.14 and reiterated a "buy" call, citing bright prospects for the second half and next year as mainland telecom operators speed up their capital expenditures.
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Re: ZTE 0763

Postby winston » Wed Dec 03, 2008 2:53 pm

Not vested.

Last Update as at 03 Dec 14:31 (HKT)China's ZTE wins 100 mln usd Pakistan GSM contract

BEIJING (XFN-ASIA) - ZTE Corp said it won a 100 mln usd contract from China Mobile Ltd's Pakistan unit CMPak to provide GSM base stations.
ZTE will provide CMPak with its 8000-series base stations using unified total IP hardware platforms for deployment in central Pakistan.
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Re: ZTE 0763

Postby winston » Thu Dec 04, 2008 10:33 am

China's ZTE wins 258 mln yuan equipment contract from China Telecom

BEIJING (XFN-ASIA) - ZTE Corp said it won 258 mln yuan telecom equipment contract from China Telecom.
In a statement filed with Shenzhen Stock Exchange, ZTE said that it will provide China Telecom 258 mln yuan worth of equipment and technical support.

In addition, ZTE also won a 4.74 mln yuan deal to provide training services to China Telecom.
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Re: ZTE 0763

Postby winston » Fri Jan 09, 2009 12:23 pm

BROKER CALL China's ZTE Corp H-share target raised slightly to 36 hkd - Goldman

BEIJING (XFN-ASIA) - Goldman Sachs raised its price target on Hong Kong-listed shares of ZTE Corp to 36 hkd from 35, noting that the Chinese telecom equipment firm has "increased its global market share from 2.0 pct in 2006 to an estimated 3.6 pct in 2008."

The stock should strengthen due to "cost and liquidity challenges at some of ZTE's overseas competitors, successful geographical expansion and continued Chinese banks' support," Goldman said, as it maintained a "buy" call. ZTE shares were up 2.07 pct at 22.2 hkd in Hong Kong.
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Re: ZTE 0763

Postby winston » Mon Feb 02, 2009 3:16 pm

DJ MARKET TALK:Goldman Tips Buying ZTE H-Shrs Before FY08 Results

1403 [Dow Jones] Goldman Sachs "highly recommends" buying ZTE (0763.HK) H-shares before ZTE's FY08, 1Q09 results, target price pegged at HK$36. Says ZTE's WCDMA market share well above previous estimate of 13%, has now captured 35%, 25%-30%, 22% market share in TD-SCDMA, CDMA, WCDMA market, ranks No. 2, next only to Huawei in China.

Notes China Unicom (0762.HK) is ZTE's first very large scale WCDMA customer, any success should serve as catalyst for ZTE's future overseas WCDMA wins; also believe ZTE's healthy WCDMA margin should alleviate market concerns of overly aggressive price competition in China. Stock down 3.8% at HK$21.60 midday.
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Re: ZTE 0763

Postby winston » Mon Feb 02, 2009 4:22 pm

DJ MARKET TALK: Credit Suisse Cuts ZTE Target 28.9% To HK$30.20

1451 [Dow Jones] STOCK CALL: Credit Suisse cuts ZTE Corp. (0763.HK) target price to HK$30.20 from HK$42.50 despite Ministry of Industry and Information Technology announcing the three China telecom carriers will invest aggregate CNY400 billion in 3G network from 2009 to 2011, according to Sina, topping house's initial forecast of CNY227 billion.

However, cuts ZTE's revenue forecast from 3G wireless equipment, due to price competition and lower market share assumptions. Also cuts 2009-11 overseas equipment revenue forecast due to global economic slowdown. Cuts 2008-10 EPS forecasts by 15%, 27%, 31%.

However, keeps at Outperform on view stock still attractive as trades at 12X 2009E PER, three-year EPS CAGR at 18.5% vs global peers at 16X 2009E PER. Shares down 3.1% at HK$21.75; HSI down 3.5%.
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Re: ZTE 0763

Postby winston » Thu Feb 19, 2009 9:37 am

ZTE stoops to conquer with solar-powered mobile

Mainland group ZTE is set to unveil the world's first low-cost solar-powered mobile phone targeted at the two billion people who have no or limited access to electricity, a spokeswoman said.

The first solar phone was put on display by South Korean rival Samsung this week in Barcelona at the Mobile World Congress, the industry's biggest trade show, creating a buzz around the alternative energy source.

Samsung's phone, called Blue Earth, has mini solar panels on its back and is to go on sale this year. The handset will be expensive.

The spokeswoman said the ZTE version will be the first ultra-low-cost solar handset pitched at the poor. It is expected to have a screen and buttons on one side and solar panels on the other.

AGENCE FRANCE-PRESSE
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Re: ZTE 0763

Postby winston » Fri Mar 06, 2009 2:27 pm

DJ MARKET TALK: UOBKH Tips ZTE 2008 Net Profit To Rise 30.2%

1227 [Dow Jones] STOCK CALL: UOB KayHian tips ZTE (0763.HK) to report 2008 net profit +30.2% on-year at CNY1.631 billion, driven by strong growth in international and domestic sales. Notes, as domestic telecom operators will increase capex spending due to 3G rollout, and overseas operators inclined to choose Chinese equipment manufacturers to conduct telecom network upgrades based on cost concerns, will help ZTE maintain over 20% earnings growth in 2009.

"We see market may have rerating on telecom equipment manufacturers given their solid prospects under a tough macro economic environment" says UOB. Rates stock at Buy, but reviewing target price of HK$26.30 based on 14X 2009 P/E. Company scheduled to release results on March 19. Stock +2.7% at HK$26.45
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Re: ZTE 0763

Postby winston » Wed Mar 18, 2009 3:29 pm

DJ MARKET TALK: ZTE 2008 Net Profit Likely +30% At CNY1.63B - Poll

1324 [Dow Jones] PREVIEW: ZTE's (0763.HK) 2008 net profit likely +30% on-year at CNY1.63 billion, according to average forecast of 6 analysts polled by Dow Jones Newswires.

Results due Thursday after market close.

Credit Suisse tips FY08 EPS to rise 25% on-year to CNY1.15 on 44% on-year revenue growth of optical and data communication, 46% on-year handset revenue growth.

Expects gross margin will be slightly lower at 32.3% in 2008 vs 32.7% in 2007 but tips net margin will remain flat at 3.6%, due to marginal operating leverage.

Keeps Outperform call with HK$30.50 target price. Stock last off 0.2% at HK$28.45.
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