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02342 COMBA
RTNominal up3.650 +0.040 (+1.108%)
Research Report

31/12/2019 15:54

{I-bank focus}Comba builds position in China antenna market

[ET Net News Agency, 31 December 2019] Comba Telecom Systems (02342) has been selected
as a candidate for the largest and the third-largest allocation in antenna components in
two separate tender packages, with bidding prices of Rmb10.3mn and Rmb32.5mn,
respectively, from China Telecom (00728).
While the revenue contribution from this tender may be limited given the tender size,
Goldman Sachs said the allocation echoes Comba's strong position in China's antenna
market.
The research house expects the 5G capex cycle in China to bring a new wave of demand and
growth opportunities for Comba's antenna and small cells. Goldman maintained its "buy"
call on Comba with a target price of HK$2.6. (KL)

Remark: Real time quote last updated: 09/07/2020 17:58
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