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M Stanley Cuts ZTE (00763.HK) Earnings Forecast, TP to $31.5
2025-12-16 11:39:12
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.
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