|Bid||25.300 x 0|
|Ask||25.350 x 0|
|Day's Range||25.050 - 26.600|
|52 Week Range||10.400 - 31.100|
|PE Ratio (TTM)||-40.02|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Another lesson in the intricacies of Chinese stock ownership: shares of ZTE Corp (0763.HK and 000063.SZ), a Chinese telecom equipment and networking company, rose after the Ministry of Aerospace said -- indirectly -- that it would sell a stake in ZTE's parent company. Shares of ZTE, which has a market capitalization of $18.8 billion in U.S. dollars, rose 4% Monday and are up 126% this year. Analyst Edison Lee at Jefferies writes that the seller declared itself a state-owned enterprise, which means it has to be the Ministry of Aerospace or MoA.
While bulls this morning sounded a cautious note about a return to health in fiber-optic components, at least one observer was fairly certain that things are off to the races. Jefferies & Co. analyst Edison Lee, who follows shares of Chinese optical equipment vendor ZTE (0763HK), thinks an order disclosed yesterday by China Mobile (CHL) is meaningful to the market. ZTE is a customer to component suppliers such as Lumentum (LITE) and Finisar (FNSR).
Rating Action: Moody's affirms Digicel's B2 rating, assigns Ba2 to new bank credit facilities. Global Credit Research- 25 Apr 2017. New York, April 25, 2017-- Moody's Investors Service, has affirmed the ...
Chinese telecoms equipment group ZTE Corp said on Friday it has won a further reprieve to Feb. 27 on export restrictions that were imposed on the company by the U.S. government. In March, the U.S. Commerce Department hit ZTE with some of the toughest-ever U.S. export restrictions for allegedly breaking sanctions against Iran but has since issued temporary reprieves on the curbs. The latest reprieve comes after ZTE said this week it had appointed Matthew Bell as its new chief export compliance officer based in the United States.
Chinese telecoms equipment group ZTE Corp, facing U.S. sanctions that could come this month, on Tuesday said it had appointed a new chief export compliance officer based in the United States. Matthew Bell was appointed chief export compliance officer and legal counsel, and will also serve as chief compliance officer and legal counsel for ZTE USA, the firm's U.S. subsidiary, the firm said.
Chinese telecoms equipment group ZTE Corp , which is still facing the threat of curbs on trade with U.S. firms, reported a 10.5 percent rise in its third-quarter net profit on Thursday. ZTE is still facing the imposition of a trade ban on U.S. component makers and software firms supplying ZTE, essentially cutting off much of the supply chain for the network equipment and smartphones ZTE makes. The U.S. Commerce Department ordered the trade ban earlier this year over allegations that it violated rules restricting the exports of U.S. technolgy to Iran, but then lifted the ban while it seeks to reach a settlement.
Chinese telecom equipment maker ZTE Corp , facing curbs on exports to the United States for alleged sanctions-busting, said on Thursday its net profit grew 9.8 percent in the first nine months of the year on growth in 4G network products. Net profit for Jan-September rose to 2.9 billion yuan ($420 million), the firm said in a filing to the Shenzhen Stock Exchange. From Nov. 28, ZTE faces the application of restrictions for U.S. component suppliers to ship their goods, software and technology to ZTE, essentially cutting much of the supply chain for the telecom equipment and smartphones ZTE makes.