0763.HK - ZTE Corporation

HKSE - HKSE Delayed Price. Currency in HKD
25.600
0.000 (0.000%)
At close: 4:08PM HKT
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Previous Close25.600
Open26.200
Bid0.000 x 0
Ask0.000 x 0
Day's Range25.450 - 26.200
52 Week Range14.140 - 33.200
Volume4,983,000
Avg. Volume11,587,423
Market Cap124.526B
Beta1.26
PE Ratio (TTM)19.59
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.41 (1.57%)
Ex-Dividend Date2018-05-15
1y Target EstN/A
  • Reuters4 hours ago

    China's ZTE seeks resolution of U.S. export ban

    China's ZTE is seeking a resolution to a U.S. ban on selling it parts and software that it has said threatens its survival. ZTE "has learnt from its past experiences on export control compliance and attaches significant importance to the work on export control compliance," the mobile phone and telecoms company said in a statement to the Hong Kong stock exchange. ZTE "is making active communications with relevant parties and seeking a solution to the U.S. export denial order," it added in the statement.

  • Financial Times5 hours ago

    [$$] China and US poised for fresh trade talks

    China’s commerce ministry has welcomed the possibility of a visit by US Treasury secretary Steven Mnuchin for trade talks, in a sign that the two economies are entering a negotiation phase after threats ...

  • Barrons.com2 days ago

    U.S. Vs. ZTE: Is All-Out Trade War Next?

    Like many on Wall Street and in Washington, Jefferies & Co.’s Edison Lee today is mulling the implications of the U.S. Department of Commerce’s decision, announced Monday,that it will block sales to China’s smartphone and telecom equipment maker ZTE (000063SH) by a number of U.S. tech companies. “While it might be tempting to treat this as part of the trade dispute,” he writes, "the evidence suggests that it is not, at least not yet.” He notes this is an action that, as Commerce explained, comes after violations by ZTE of a previous agreement with the U.S. However, Lee also contemplates two broader scenarios. One is that the U.S. may next go after Huawei, the privately-held Chinese competitor to ZTE: Given Huawei is the global leader in telecoms equipment, and its technological prowess presents a much bigger challenge to the US than ZTE, we believe it is a more vulnerable target for US sanctions.

  • China's ZTE slams U.S. ban, says company's survival at risk
    Reuters2 days ago

    China's ZTE slams U.S. ban, says company's survival at risk

    China's ZTE Corp said on Friday that a U.S. ban on selling parts and software to the company was unfair and threatens its survival, and the mobile phone and telecommunications equipment maker vowed to safeguard its interests through all legal means. The U.S. Commerce Department's Bureau of Industry and Security, or BIS, this week banned American companies from selling to ZTE for seven years, saying the Chinese company had broken a settlement agreement with repeated false statements. "It is unacceptable that BIS insists on unfairly imposing the most severe penalty on ZTE even before the completion of investigation of facts," ZTE said in its first response since the ban was announced.

  • Reuters2 days ago

    China trade body urges tighter corporate compliance after ZTE woes - document

    A state-backed Chinese trade body said compliance is now a core risk for Chinese firms and that the government must speed up the implementation of guidelines on corporate oversight following a U.S. ban on sales to ZTE Corp . U.S. authorities this week forbade American companies from sales to ZTE for seven years, saying the Chinese telecom company had broken a settlement agreement with repeated false statements - a move that threatens to cut off ZTE's supply chain. The ZTE case represents a "milestone" and government leaders should urge the company to boost compliance oversight to ease "disastrous" consequences, the China Council for the Promotion of International Trade (CCPIT) said in a policy proposal seen by Reuters.

  • Financial Times3 days ago

    [$$] ZTE brands US ban ‘extremely unfair’

    Chinese telecoms group ZTE Corp has labelled the US  ban on American companies selling parts to it “extremely unfair” and said that it could not accept the decision. The US Commerce department banned American ...

  • ZTE woes may boost network rivals Ericsson and Nokia
    Reuters3 days ago

    ZTE woes may boost network rivals Ericsson and Nokia

    STOCKHOLM/LONDON (Reuters) - Investors are warming to beleaguered mobile network makers Ericsson and Nokia as they begin to recover ahead of a once-a-decade uplift from a new business cycle and an unexpected boost from a U.S. ban on exports to low-cost Chinese rival ZTE. ZTE has snatched market share in Europe and the Americas, growing four times faster in those markets last year than it did its home market and acting as a drag on contract pricing and revenue growth for Ericsson and Nokia. Ericsson is due to report results on Friday and Nokia next Thursday and the focus is likely to be on next-generation 5G network upgrades expected to start later in 2018 or during 2019, ending a three-to-four year dry spell in network spending.

  • U.S. ban on sales to ZTE triggers patriotic rhetoric in China
    Reuters3 days ago

    U.S. ban on sales to ZTE triggers patriotic rhetoric in China

    A U.S. ban on sales of American components to ZTE Corp has unleashed a patriotic backlash in China's cyberspace, highlighting the growing tension between the world's two largest economies. The United States this week imposed a ban on American companies selling parts and software to ZTE for seven years, saying it had broken a settlement agreement with repeated false statements - a move that threatens to cut off the Chinese firm's supply chain. Sympathy for ZTE has swept Chinese social media while most domestic newspapers have chosen to put the lion's share of the blame for the telecom equipment maker's troubles on China's heavy reliance on foreign semiconductors.

  • Asian Equities Rise Amid Upbeat Earnings Season; China Underperforms
    Investing.com4 days ago

    Asian Equities Rise Amid Upbeat Earnings Season; China Underperforms

    Investing.com – Asian equities were mostly higher in afternoon trade on Wednesday, as U.S. stocks rose a second day after more index heavyweights reported better-than-expected earnings. However, Mainland Chinese markets underperformed its peers even as its central bank boosted liquidity for local banks.

  • Reuters5 days ago

    U.S. suppliers to ZTE may find more demand from China firm's rivals

    The U.S. Department of Commerce on Monday banned sales of components to ZTE for seven years after China's No. 2 telecom equipment maker breached an earlier agreement on Iranian sanctions, sending investors scrambling to determine which U.S. companies were losing business. Shares of Acacia Communications Inc (ACIA.O), which counts ZTE as a major customer, on Tuesday rose 3 percent to $26.43 but was still far off Friday's $40.03 close.

  • Reuters5 days ago

    China to open auto market as trade tensions simmer

    BEIJING/SHANGHAI (Reuters) - China will scrap a limit on foreign ownership of automotive ventures by 2022 in a major policy shift to open up the world's biggest car market, even as trade tensions simmer between Washington and Beijing. In a move welcomed by Germany's powerful car industry, China's state planner said on Tuesday it would remove foreign ownership caps for companies making fully electric and plug-in hybrid vehicles in 2018, for makers of commercial vehicles in 2020, and the wider car market by 2022. China imposed ownership restrictions in 1994, limiting foreign carmakers to owning no more than a 50 percent share of any local venture.

  • Financial Times5 days ago

    [$$] ZTE Corp: red army ruction

    This could be very bad news for ZTE. ZTE allegedly failed to comply with a settlement related to Iran sanctions violations. Timely delivery of the parts is so important to ZTE’s production that broker Jefferies cut its 2018 profit estimates for the group by half.

  • Reuters5 days ago

    U.S. ban on sales to China's ZTE opens fresh front as tensions escalate

    LONDON/NEW YORK/HONG KONG (Reuters) - The United States has banned American firms from selling parts and software to China's ZTE Corp for seven years, potentially devastating for the telecoms equipment maker and exacerbating tensions between the world's two largest economies. The U.S. Commerce Department imposed the ban following ZTE's violation of an agreement on punishing employees that was reached after it was caught illegally shipping U.S. goods to Iran. China responded swiftly, warning it is prepared to take action to protect the interests of Chinese firms and saying it hopes the United States can deal with the issue in accordance with the law.

  • Reuters5 days ago

    Factbox: U.S. bans sales to major Chinese telco equipment vendor ZTE

    (Reuters) - The United States has banned American firms from selling parts to China's ZTE Corp for seven years, a potentially devastating move for the telecoms equipment maker and exacerbating tensions ...

  • Asian Equities Mixed; China Q1 GDP Slightly Above Expectations
    Investing.com5 days ago

    Asian Equities Mixed; China Q1 GDP Slightly Above Expectations

    Investing.com – Asian equities were mixed in afternoon trade on Tuesday. China's first quarter GDP growth was in focus as it came in slightly higher than expectations. Traders now look ahead to a speech by the incoming head of the New York Fed John Williams later this week.

  • Reuters5 days ago

    U.S. strike on China's ZTE another blow for Qualcomm

    SHANGHAI/BEIJING (Reuters) - A move by the United States to ban American firms selling components to the Chinese telecom equipment maker ZTE Corp will also hit a target closer to home: Qualcomm Inc, a U.S. company that is a major supplier of chips for ZTE's phones. The U.S. Department of Commerce slapped a seven-year ban on sales to ZTE on Monday for breaking terms of an agreement reached last year after it was caught illegally shipping goods to Iran. Caught in the crossfire is Qualcomm, whose products account for the lion's share of chips inside ZTE smartphones.

  • China's ZTE says assessing implications of U.S. decision
    Reuters5 days ago

    China's ZTE says assessing implications of U.S. decision

    HONG KONG (Reuters) - China's ZTE Corp said on Tuesday it was assessing the implications of a U.S. decision to ban American companies from selling components to the Chinese telecom equipment maker. The ...

  • Asian Equities Slip; Earnings, China GDP In Focus
    Investing.com5 days ago

    Asian Equities Slip; Earnings, China GDP In Focus

    Investing.com – Asian equities slipped in morning trade on Tuesday. Investors’ attention now turned to first quarter earnings and China’s GDP report due at 10PM ET (02:00 GMT) as geopolitical tensions eased. Traders also look ahead to a speech by the incoming head of the New York Fed John Williams later this week.

  • Financial Times6 days ago

    [$$] UK and US move on Chinese group citing national security

    Britain and the US have moved against one of China’s largest telecoms equipment makers, adding to a growing list of restrictions imposed by western governments on Chinese companies on national security grounds. , which cut it off from US suppliers and bar it entirely from doing business in the UK, come amid a particularly aggressive move by the Trump administration, which has already used the Committee on Foreign Investment in the US, a secretive national security body, to block or force changes to several Chinese-linked deals. In a statement on Tuesday, ZTE said it was aware of the US order and that it was ”assessing the full range of potential implications”.

  • Financial Times6 days ago

    [$$] ZTE suspends trading following US and UK restrictions

    Chinese telecoms equipment maker ZTE Corp suspended trading in Hong Kong and Shenzhen on Tuesday pending an announcement after it was  cut off from US suppliers and barred from doing business in the UK.  ...

  • Reuters6 days ago

    ZTE ban hits shares of U.S. optical component suppliers

    (Reuters) - Shares of American optical components makers fell on Monday after the U.S. Department of Commerce decided to ban companies from selling components to Chinese telecom equipment maker ZTE Corp ...

  • Financial Times6 days ago

    [$$] Cyber security watchdog warns UK telcos against using equipment from Chinese supplier ZTE

    The UK’s cyber security watchdog has warned the UK telecoms sector not to use network equipment or services from Chinese supplier ZTE as it would have a “long term negative effect on the security of the ...

  • Financial Times7 days ago

    [$$] US hits China’s ZTE with denial of export privileges

    The US has hit Chinese telecom equipment maker ZTE with a denial of export privileges amid a new flare up in trade tension with China. The order, issued by the US Department of Commerce’s Bureau of Industry ...

  • FCC chief cites concerns on spy threats from Chinese telecoms firms
    Reuterslast month

    FCC chief cites concerns on spy threats from Chinese telecoms firms

    Federal Communications Commission Chairman Ajit Pai said he shares the concerns of U.S. lawmakers about espionage threats from Chinese smartphone maker Huawei Technologies Co and plans to take "proactive steps" to ensure the integrity of the U.S. communications supply chain. Pai, in a letter to lawmakers dated March 20 and released on Friday, said he shares concerns over the "security threat that Huawei and other Chinese technology companies pose to our communications networks." Pai said he intends to take action in the "near future," but offered no specifics. An FCC spokesman declined to comment.

  • FCC chief cites concerns on spy threats from Chinese telecoms firms
    Reuterslast month

    FCC chief cites concerns on spy threats from Chinese telecoms firms

    Federal Communications Commission Chairman Ajit Pai said he shares the concerns of U.S. lawmakers about espionage threats from Chinese smartphone maker Huawei Technologies Co and plans to take "proactive steps" to ensure the integrity of the U.S. communications supply chain. Pai, in a letter to lawmakers dated March 20 and released on Friday, said he shares concerns over the "security threat that Huawei and other Chinese technology companies pose to our communications networks." Pai said he intends to take action in the "near future," but offered no specifics. An FCC spokesman declined to comment.