[ET Net News Agency, 22 October 2024] BOCI raised the target price for ZTE (00763) to
HKD22.22 from HKD20.08 and maintained the "buy" rating.
The research house said it revised down 2024-26E earnings by 4.2%, 3.6% and 4.4%
respectively, as it cuts estimated carrier network sales by 3.6%, 3.8% and 3.9%. (rc)