Goldman Sachs: CCB International expects China Communications (00763.HK) to increase its second quarter revenue by 12% year-on-year and maintains a "neutral" rating.

According to the Wise Finance APP, Goldman Sachs released a research report stating that it predicts ZTE Corporation (00763.HK) will see a 12% increase in net profit for the second quarter to RMB 2.7 billion, and is optimistic about the company expanding its business through AI innovation. However, considering that the increase in contributions from non-telecom businesses may lead to a decrease in gross profit margin, Goldman Sachs has lowered its profit forecast for 2025 to 2027 by 4%, 4%, and 2%, and revenue forecast by about 1%, in order to reflect the slowing down of the network capital expenditure cycle by telecom operators. They maintain a "neutral" rating and have reduced the target price for H shares from the original HKD 33 to HKD 29.3.