The market for 5G longing looking forward to high school Jinzhugu ZTE

quarterly expectations, by the broker downgraded, that the previous 5G  has passed, the stock fell 11% on Thursday, after yesterday fell 5.6% to 25.35 yuan, turnover of 900 million yuan.

Telecommunication industry capital expenditure under the income

CICC reported that the market had previously approved the 5G license to be approved earlier, but the third quarter results have reflected the market look too high, even if the early licensing can not change the telecommunications industry capital expenditure downward trend, so that ZTE income growth slowed. Coupled with the arrival of 5G in response to the Group is expected to increase R & D investment, so that profit growth slowed down, or even down. Therefore, the bank to give ZTE “avoid” rating, the proposed sale of investors, the target price of 20 yuan.

Nomura’s latest report also mentioned that 5G speculation over the head, is expected to 5G fastest in the second half of 2019, even if the third quarter results due to industry capital expenditure decreased and weak, but I believe the company will maintain steady growth in the next 2 years, The chances of the future are still huge. Nomura reduced its revenue and core earnings forecasts by 4% to 9% and 7% to 26% respectively from 2017 to 199, with the rating down from “BUY” to “Neutral”, but the target price was raised from $ 24 to $ 25 The