Comba Telecom Systems Holdings Limited (HK:2342)
:2342
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Comba Telecom Systems Holdings
(2342)
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Rating:54Neutral
Price Target:
HK$1.50
▼(-33.92% Downside)
Action:ReiteratedDate:03/26/26
The score is primarily supported by improving fundamentals and cash-flow strength in 2025 (profit recovery, deleveraging, and positive free cash flow). It is held back by a weak technical picture (price below key moving averages with negative MACD) and unattractive valuation (very high P/E with a low dividend yield).
Positive Factors
Consistent positive free cash flow
Sustained positive operating and free cash flow across 2021–2025 indicates durable cash generation ability. This supports reinvestment in product development, service delivery and deleveraging, providing financial flexibility to withstand telecom capex cycles and fund strategic bids or maintenance.
Negative Factors
Very thin net margins
A net margin near 0.8% leaves little buffer against cost inflation, project overruns or pricing pressure. Low profitability constrains retained earnings, limits reinvestment and raises execution risk: modest adverse swings could turn profits to losses, hampering long-term value creation.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent positive free cash flow
Sustained positive operating and free cash flow across 2021–2025 indicates durable cash generation ability. This supports reinvestment in product development, service delivery and deleveraging, providing financial flexibility to withstand telecom capex cycles and fund strategic bids or maintenance.
Read all positive factors
Comba Telecom Systems Holdings (2342) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$4.68B
Dividend Yield0.24%
Average Volume (3M)16.47M
Price to Earnings (P/E)211.0
Beta (1Y)1.46
Revenue Growth-13.99%
EPS Growth-32.74%
CountryHK
Employees4,349
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding3,134,045,700
10 Day Avg. Volume17,702,343
30 Day Avg. Volume16,469,680
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, engages in research, development, manufacture, and sale of wireless telecommunications network system equipment and related engineering services. It operates through two segmen...
How the Company Makes Money
Comba Telecom Systems Holdings primarily makes money by selling telecommunications network infrastructure products and related engineering/services to customers such as mobile network operators, system integrators, and enterprise venue owners that...
Comba Telecom Systems Holdings Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.57B | 4.53B | 5.98B | 6.36B | 5.87B |
| Gross Profit | 1.21B | 1.17B | 1.66B | 1.87B | 1.42B |
| EBITDA | 562.61M | -218.31M | 456.61M | 787.05M | -157.15M |
| Net Income | 35.02M | -564.19M | 6.70M | 190.24M | -592.57M |
Balance Sheet | |||||
| Total Assets | 7.22B | 7.44B | 9.41B | 10.58B | 11.51B |
| Cash, Cash Equivalents and Short-Term Investments | 2.02B | 1.63B | 1.52B | 1.66B | 1.90B |
| Total Debt | 871.17M | 1.08B | 1.12B | 1.70B | 1.54B |
| Total Liabilities | 3.93B | 4.73B | 5.58B | 6.61B | 7.33B |
| Stockholders Equity | 3.20B | 2.65B | 3.58B | 3.73B | 3.77B |
Cash Flow | |||||
| Free Cash Flow | 462.44M | 297.52M | 276.76M | 198.70M | 40.33M |
| Operating Cash Flow | 527.86M | 339.44M | 492.72M | 499.47M | 374.61M |
| Investing Cash Flow | -324.97M | 89.98M | -51.88M | -272.70M | -744.14M |
| Financing Cash Flow | -12.40M | -238.72M | -746.86M | -233.01M | 267.81M |
Comba Telecom Systems Holdings Technical Analysis
Negative
2.27
Price Trends
2.00
Negative
2.29
Negative
2.34
Negative
Market Momentum
-0.14
Positive
29.08
Positive
16.31
Positive
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 2.27 is above the 20-day moving average (MA) of 1.70, above the 50-day MA of 2.00, and below the 200-day MA of 2.34, indicating a bearish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 29.08 is Positive, neither overbought nor oversold. The STOCH value of 16.31 is Positive, 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$7.88B | 18.60 | 82.39% | 5.41% | 14.08% | 15.81% | |
69 Neutral | HK$245.06B | 44.55 | 4.90% | 0.54% | 14.38% | -41.96% | |
65 Neutral | HK$756.20M | 1.60 | 7.29% | ― | -9.34% | 605.26% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | HK$4.68B | 211.00 | -11.77% | 0.24% | -13.99% | -32.74% | |
52 Neutral | HK$624.86M | -1.54 | -26.42% | ― | -20.95% | -13.14% | |
47 Neutral | HK$165.37B | 21.31 | 7.55% | 2.43% | 5.14% | -38.37% |
* Technology Sector Average
HK:2342
Comba Telecom Systems Holdings
1.50
0.19
14.85%
HK:6869
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189.00
176.17
1373.11%
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22.06
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11.08%
HK:9963
Transtech Optelecom Science Holdings Limited
2.09
1.84
736.00%
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Plover Bay Technologies Ltd.
7.13
2.33
48.63%
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Nanfang Communication Holdings Ltd.
0.47
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428.41%
Comba Telecom Systems Holdings Corporate Events
Comba Telecom Swings Back to Profit on Stronger Margins and Cash Flow
Mar 24, 2026
Comba Telecom Systems Holdings reported a modest 0.9% rise in revenue to HK$4.57 billion for 2025, with gross profit margin improving to 28.7% and a turnaround to a HK$35 million profit attributable to shareholders from a HK$564 million loss a yea...
Comba Telecom Launches Share Buyback of Up to 50 Million Shares
Mar 24, 2026
Comba Telecom Systems Holdings announced that its board has approved an on-market share repurchase program for up to 50,000,000 shares, representing about 1.60% of its issued share capital excluding treasury shares. The buyback will be executed un...
Comba Telecom Moves to Modernize Governance and Capital Framework
Mar 24, 2026
Comba Telecom Systems Holdings plans to adopt an amended and restated memorandum and articles of association to align its governance framework with updated Hong Kong Listing Rules and Cayman Islands law. The changes include enabling virtual genera...
Comba Telecom Sets March Board Meeting to Approve 2025 Results and Weigh Dividend
Mar 12, 2026
Comba Telecom Systems Holdings has scheduled a board meeting for 24 March 2026 to review and approve the annual results for the year ended 31 December 2025. The board will also consider whether to recommend a final dividend, signaling a forthcomin...
Comba Telecom Signals Return to Profit on Revenue Growth and Cost Controls
Feb 12, 2026
Comba Telecom Systems Holdings announced that it expects to report a profit of at least HK$10 million for the year ended 31 December 2025, reversing a loss of about HK$564 million in 2024. The turnaround is attributed to higher overall revenue and...
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.