Company Update: Back on track
- Expect accelerating growth of 7% and 20% in FY24 revenue of domestic carriers and corporate business, respectively
- Benefiting from strong demand in computing power related products given strengthening product competitiveness
- Earnings to sustain solid growth of 16%/14%/11% for FY23/24/25, respectively
- Maintain BUY on ZTE-H/ZTE-A on its increasing share in telecom equipment sector; TPs of HK$19.8/Rmb36.1