HONG KONG, July 15 Shares of Chinese telecom
equipment maker ZTE Corp were set to open up 3.2
percent in Hong Kong on Tuesday after the company raised its
earnings guidance for the first half of the year.
The Shenzhen-based company said after the market closed on
Monday it expected first-half net profit of between 1 billion
yuan ($161.1 million) and 1.15 billion, having previously
forecast net profit for the period of between 800 million and 1
That was due to improving margins in its global business, as
well as revenue from new contracts to build China's
next-generation telecoms network.
Its shares were set to open up 3.2 percent at HK$15.52,
outperforming the Hang Seng Index's 0.6 percent rise.
(Reporting By Yimou Lee)