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Comba Telecom Systems Holdings
(2342)
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Rating:52Neutral
Price Target:
HK$0.76
▼(-2.18% Downside)
Action:Reiterated
Date:08/25/26
The score is held back primarily by weak technicals (price below all key moving averages with bearish momentum) and expensive valuation (very high P/E with a low dividend yield). Financial performance provides partial support due to improved leverage and consistently positive free cash flow, but earnings volatility and thin margins keep the fundamental profile only moderate.
Positive Factors
Deleveraging
Meaningful deleveraging improves Comba’s financial resilience and reduces balance-sheet pressure. A lower debt burden can preserve flexibility for network infrastructure investment, help absorb earnings volatility, and reduce the constraints that leverage places on future capital allocation.
Negative Factors
Thin Net Margin
A net margin of about 0.8% leaves limited protection against pricing pressure, cost increases, or project execution variability. Such a narrow earnings cushion makes modest changes in revenue or expenses capable of materially affecting profit and limits internally generated capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraging
Meaningful deleveraging improves Comba’s financial resilience and reduces balance-sheet pressure. A lower debt burden can preserve flexibility for network infrastructure investment, help absorb earnings volatility, and reduce the constraints that leverage places on future capital allocation.
Read all positive factors
Comba Telecom Systems Holdings (2342) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.23B
Dividend Yield0.37%
Average Volume (3M)12.04M
Price to Earnings (P/E)78.9
Beta (1Y)1.24
Revenue Growth4.27%
EPS GrowthN/A
CountryHK
Employees3,900
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)<0.01
Shares Outstanding3,134,045,700
10 Day Avg. Volume16,386,588
30 Day Avg. Volume12,044,431
Financial Highlights & Ratios
PEG Ratio-2.00
Price to Book (P/B)2.31
Price to Sales (P/S)1.62
P/FCF Ratio15.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Comba Telecom Systems Holdings Business Overview & Revenue Model
Company Description
Comba Telecom Systems Holdings Limited, an investment holding company, specializes in the innovation, manufacturing, and distribution of wireless telecommunications network system equipment, complemented by comprehensive engineering services. Its ...
How the Company Makes Money
Comba primarily makes money by selling wireless network infrastructure products and by providing related project and services work to telecom customers. Its revenue model is largely project- and equipment-delivery driven, with payments tied to pro...
Comba Telecom Systems Holdings Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.57B | 4.57B | 4.53B | 5.98B | 6.36B | 5.87B |
| Gross Profit | 1.31B | 1.31B | 1.17B | 1.66B | 1.87B | 1.42B |
| EBITDA | 392.27M | 192.03M | -218.31M | 456.61M | 787.05M | -157.15M |
| Net Income | 28.48M | 35.02M | -564.19M | 6.70M | 190.24M | -592.57M |
Balance Sheet | ||||||
| Total Assets | 7.82B | 7.22B | 7.44B | 9.41B | 10.58B | 11.51B |
| Cash, Cash Equivalents and Short-Term Investments | 2.41B | 2.02B | 1.63B | 1.52B | 1.66B | 1.90B |
| Total Debt | 1.03B | 871.17M | 1.08B | 1.12B | 1.70B | 1.54B |
| Total Liabilities | 4.27B | 3.93B | 4.73B | 5.58B | 6.61B | 7.33B |
| Stockholders Equity | 3.45B | 3.20B | 2.65B | 3.58B | 3.73B | 3.77B |
Cash Flow | ||||||
| Free Cash Flow | 40.81M | 462.44M | 116.25M | 276.76M | 198.70M | 40.33M |
| Operating Cash Flow | 79.30M | 527.86M | 339.44M | 492.72M | 499.47M | 374.61M |
| Investing Cash Flow | -217.64M | -324.97M | 89.98M | -51.88M | -272.70M | -744.14M |
| Financing Cash Flow | -366.51M | -12.40M | -238.72M | -746.86M | -233.01M | 267.81M |
Comba Telecom Systems Holdings Technical Analysis
Negative
0.78
Price Trends
0.81
Negative
1.07
Negative
1.62
Negative
Market Momentum
-0.03
Negative
42.12
Neutral
34.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2342, the sentiment is Negative. The current price of 0.78 is above the 20-day moving average (MA) of 0.73, below the 50-day MA of 0.81, and below the 200-day MA of 1.62, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 42.12 is Neutral, neither overbought nor oversold. The STOCH value of 34.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2342.
Comba Telecom Systems Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$7.92B | 19.36 | 89.60% | 5.29% | 16.15% | 26.85% | |
73 Outperform | HK$281.45B | 111.79 | 30.10% | 0.85% | 38.70% | 468.60% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | HK$2.23B | 78.89 | 0.86% | 0.37% | 4.27% | ― | |
52 Neutral | HK$430.95M | 8.54 | 4.88% | 1.72% | 11.57% | -26.37% | |
51 Neutral | HK$3.95B | -52.11 | -14.47% | ― | 76.36% | 48.06% | |
45 Neutral | HK$170.08B | 46.82 | 4.35% | 2.06% | 11.81% | -55.08% |
* Technology Sector Average
HK:2342
Comba Telecom Systems Holdings
0.71
-2.13
-74.99%
HK:6869
Yangtze Optical Fibre and Cable Joint Stock Co
183.50
132.84
262.20%
HK:0763
ZTE
22.98
-11.14
-32.65%
HK:9963
Transtech Optelecom Science Holdings Limited
9.90
9.48
2257.14%
HK:1523
Plover Bay Technologies Ltd.
7.15
0.61
9.29%
HK:1617
Nanfang Communication Holdings Ltd.
0.26
0.13
92.59%
Comba Telecom Systems Holdings Corporate Events
Comba Telecom Declares Interim Cash Dividend for First Half of 2026
Aug 20, 2026
Comba Telecom Systems Holdings Limited has declared an interim ordinary cash dividend of HKD 0.0026 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The dividend will be paid in Hong Kong dollars on ...
Comba Telecom Holds Revenue Steady but Margin Gains Offset by Rising Costs
Aug 20, 2026
Comba Telecom Systems Holdings reported interim revenue of about HK$2.2 billion for the six months ended 30 June 2026, broadly flat year-on-year, while its gross profit margin improved to 32.1% from 29.5%. Profit attributable to shareholders decli...
Comba Telecom Sets August Board Meeting to Approve Interim Results and Consider Dividend
Aug 7, 2026
Comba Telecom Systems Holdings has scheduled a board meeting for 20 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend, signaling that sh...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.