Comba Telecom 2342 HK; SGX

Re: Comba Telecom 2342

Postby winston » Sun Mar 24, 2013 6:21 pm

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COMBA (02342.HK) swings to loss of $200M; $150M inventories written off
2013-03-22

COMBA (02342.HK) announced its results for 2012 that revenue dropped 0.3% to $6.33 billion; loss amounted to $202 million, representing loss per share of 13.43 cents; no dividend was declared; inventories written off for the year amounted to $150 million.


Source: AAStocks Financial News
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Re: Comba Telecom 2342

Postby winston » Fri Jun 13, 2014 11:29 am

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<Research Report>COMBA (02342.HK) downgraded to Underweight, target reduced to $1.9 - HSBC
Apr 3, 2014

COMBA (02342.HK)'s 2013 income and net profit were 8.8%/494% below market projections, or 14.1%/37% below HSBC Global Research's forecasts.

The below-estimate results were attributable to the late issue of 4G licenses in December 2013.

Moreover, the revenue from CHINA MOBILE (00941.HK), the company's biggest customer, slumped 10% year-on-year.

The market outlook has improved since the launch of 4G licenses, but COMBA may need some time to turn wireless solutions around.

HSBC Global Research lowered COMBA 2014/15 earnings forecast by 196%/99%.

COMBA was downgraded from Neutral to Underweight with target price reduced from $2.55 to $1.9.

Source: AAStocks Financial News
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Re: Comba Telecom 2342

Postby winston » Wed Jul 30, 2014 7:26 pm

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COMBA (02342.HK) expects interim profit
2014/07/30

COMBA (02342.HK) +0.030 (+1.277%) Short selling $330.24K; Ratio 4.027% issued Positive Profit Alert, projecting net profit of not less than $50 million for the 6 months ended 30 June, thanks to:-
1. the robust growth in total revenue, driven by the improved economy and
2. the 4G licensing in China, coupled with improved product mix and effective cost control.

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Re: Comba Telecom 2342

Postby winston » Wed Jul 30, 2014 8:50 pm

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COMBA (02342.HK): 4G licensing in China boosts business growth
2014/06/23

COMBA (02342.HK) +0.030 (+1.277%) Short selling $330.24K; Ratio 4.027% Chairman Fok Tung Ling stated market demands for mobile internet had increased since the granting of TDD-LTE 4G license in China.

Orders of base station segment also improved, and the total productivity of the group had expanded by two times yearly.

He mentioned the group provides wireless solutions in 8 out of 12 stadiums for the Brazil World Cup, and the company plans to obtain the wireless solutions contract of the 2016 Brazil Olympic Games.

Source: AAStocks Financial News
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Re: Comba Telecom 2342

Postby winston » Wed Jul 30, 2014 8:52 pm

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COMBA (02342.HK) soars 7% on G Sachs report
2014/06/13

COMBA (02342.HK) +0.030 (+1.277%) Short selling $330.24K; Ratio 4.027% registered an unusual gain today by last soaring 7.1% to $2.4, on volume of 15.89 million shares as Ministry of Industry and Information Technology strengthened the research and development in 5G, and Goldman Sachs raised its rating to Buy, with target lifted to $3 to reflect the rising revenue and lower operational expense.

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Re: Comba Telecom 2342

Postby winston » Wed Jul 30, 2014 8:54 pm

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COMBA (02342.HK) upgraded to Buy, target at $3 - GS
2014/06/13

In the latest research report, Goldman Sachs upgraded COMBA (02342.HK) +0.030 (+1.277%) Short selling $330.24K; Ratio 4.027% from Neutral to Buy, with target price massively lifted from $2.1 to $3, as the revenue is going up with lower operational expense.

In the short term, the research house believes the recovery in earning ability can be a positive catalyst for the stock price.

The 1H loss is expected to narrow to $52 million, which can lead to market optimism toward the 2H earnings.

Source: AAStocks Financial News
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Re: Comba Telecom 2342

Postby winston » Wed Jul 30, 2014 8:56 pm

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COMBA (02342.HK) downgraded to Underweight, target reduced to $1.9 - HSBC
2014/04/03

COMBA (02342.HK) +0.030 (+1.277%) Short selling $330.24K; Ratio 4.027% 's 2013 income and net profit were 8.8%/494% below market projections, or 14.1%/37% below HSBC Global Research's forecasts.

The below-estimate results were attributable to the late issue of 4G licenses in December 2013. Moreover, the revenue from CHINA MOBILE (00941.HK) +0.650 (+0.761%) Short selling $437.44M; Ratio 14.758% , the company's biggest customer, slumped 10% year-on-year.

The market outlook has improved since the launch of 4G licenses, but COMBA may need some time to turn wireless solutions around.

HSBC Global Research lowered COMBA 2014/15 earnings forecast by 196%/99%. COMBA was downgraded from Neutral to Underweight with target price reduced from $2.55 to $1.9.

Source: AAStocks Financial News
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Re: Comba Telecom 2342

Postby winston » Thu Aug 21, 2014 9:29 pm

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COMBA (02342.HK) resumes profitability in 1H

COMBA (02342.HK) +0.010 (+0.366%) Short selling $429.30K; Ratio 2.073% reported interim fiscal results.

Revenue escalated 39.82% yearly to $3.024 billion.

Net profit amounted to $72.305 million.

EPS was HK4.76 cents and dividend was HK1.2 cent.

Source: AAStocks Financial News
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Re: Comba Telecom 2342

Postby winston » Mon Aug 25, 2014 9:24 pm

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COMBA (02342.HK) maintained at Underperform with target raised to $2.31 by BofA Merrill Lynch

BofA Merrill Lynch, in its latest research report, estimates COMBA (02342.HK) +0.420 (+13.725%) Short selling $1.95M; Ratio 0.638%

1H revenue rises 40% yearly, and the loss in the past two years changes to profit of RMB72.3 million, mainly due to better-than-expected 4G cable sales.

The Underperform rating, however, is maintained, as the current valuation represents 2014/15 forecast P/E of 27x/20x.

The target price is lifted from $2 to $2.31.

Source: AAStocks Financial News
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Re: Comba Telecom 2342

Postby winston » Fri Jul 24, 2015 1:50 pm

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<Positive Profit Alert>COMBA Expects Interim Net Profit to Surge No Less Than 40%

COMBA (02342.HK) issued a positive profit alert, expecting to record a substantial increase of not less than 40% in interim net profit for the first half of 2015.

The increase was attributable to the continuous improvement in the total revenue of the group due to the kick-off of 4G network investment cycle and increased investment in wireless enhancement in Mainland China.

In addition, overall gross profit margin has been improved due to the optimization of product mix and the growing revenue contribution by some new and high-end products, and greater economy of scale has been achieved as a result of effective
cost control measures.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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