Want to see HK:2342 full AI Analyst Report?
Top Page
Comba Telecom Systems Holdings
(2342)
Select Model
Select Model
Rating:57Neutral
Price Target:
HK$0.94
▲(20.13% Upside)
Action:Reiterated
Date:10/08/26
The score is driven primarily by improving but still volatile fundamentals: a return to profitability, better leverage, and consistently positive free cash flow support the outlook, but thin margins and low ROE limit conviction. Technically, indicators suggest moderate near-term strength, though the stock remains below its 200-day average. Valuation is the main drag due to the very high P/E, only partly balanced by the high dividend yield.
Positive Factors
Return to Profitability
Returning to profit in 2025, alongside positive operating profit and healthier EBITDA, indicates that operating recovery is real rather than purely balance-sheet driven. If maintained, this gives Comba greater capacity to fund network-equipment activity and absorb investment needs over the next several quarters.
Negative Factors
Volatile Revenue and Earnings
The uneven revenue history and sharp earnings swings make it difficult to view the 2025 recovery as firmly established. Such volatility can complicate capacity planning, investment decisions, and forecasting, particularly because telecom infrastructure demand is tied to changing deployment activity.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to Profitability
Returning to profit in 2025, alongside positive operating profit and healthier EBITDA, indicates that operating recovery is real rather than purely balance-sheet driven. If maintained, this gives Comba greater capacity to fund network-equipment activity and absorb investment needs over the next several quarters.
Read all positive factors
Comba Telecom Systems Holdings (2342) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.84B
Dividend Yield0.29%
Average Volume (3M)27.31M
Price to Earnings (P/E)101.1
Beta (1Y)1.55
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. Volume10,915,673
30 Day Avg. Volume27,311,276
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 | 512.65M | 356.49M | -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 | 150.57M | 462.44M | 116.25M | 276.76M | 198.70M | 40.33M |
| Operating Cash Flow | 221.90M | 527.86M | 339.44M | 492.72M | 499.47M | 374.61M |
| Investing Cash Flow | -720.43M | -324.97M | 89.98M | -51.88M | -272.70M | -744.14M |
| Financing Cash Flow | -160.59M | -12.40M | -238.72M | -746.86M | -233.01M | 267.81M |
Comba Telecom Systems Holdings Technical Analysis
Negative
0.78
Price Trends
0.87
Positive
0.90
Positive
1.36
Negative
Market Momentum
>-0.01
Positive
48.25
Neutral
55.87
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 below the 20-day moving average (MA) of 0.96, below the 50-day MA of 0.87, and below the 200-day MA of 1.36, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.25 is Neutral, neither overbought nor oversold. The STOCH value of 55.87 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$8.20B | 20.03 | 89.60% | 5.11% | 16.15% | 26.85% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | HK$2.84B | 101.11 | 0.86% | 0.29% | 4.27% | ― | |
57 Neutral | HK$173.40B | 64.53 | 30.10% | 1.55% | 38.70% | 468.60% | |
52 Neutral | HK$308.99M | 6.20 | 4.88% | 1.72% | 11.57% | -26.37% | |
46 Neutral | HK$146.64B | 30.82 | 5.67% | 2.40% | 19.98% | -20.48% | |
46 Neutral | HK$3.68B | -50.00 | -14.47% | ― | 76.36% | 48.06% |
* Technology Sector Average
HK:2342
Comba Telecom Systems Holdings
0.91
-2.02
-68.93%
HK:6869
Yangtze Optical Fibre and Cable Joint Stock Co
101.20
65.69
185.00%
HK:0763
ZTE
19.71
-12.57
-38.93%
HK:9963
Transtech Optelecom Science Holdings Limited
9.50
9.08
2161.90%
HK:1523
Plover Bay Technologies Ltd.
7.40
1.27
20.70%
HK:1617
Nanfang Communication Holdings Ltd.
0.19
0.08
75.93%
Comba Telecom Systems Holdings Corporate Events
Comba Telecom Updates Name of Singapore Share Transfer Agent
Sep 21, 2026
Comba Telecom Systems Holdings, a Cayman Islands-incorporated telecoms infrastructure provider listed in Hong Kong and Singapore, relies on a network of share registrars in the Cayman Islands, Hong Kong and Singapore to manage its multinational sh...
Comba Telecom Publishes 2026 Interim Report for Hong Kong and Singapore Investors
Sep 11, 2026
Comba Telecom Systems Holdings has issued an overseas regulatory announcement to inform investors that its 2026 interim report is now available online. The report can be accessed via the company’s website and the Singapore Exchange portal, r...
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.