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02342 COMBA
RTNominal up2.550 +0.230 (+9.914%)

02/09/2019 11:27

{I-bank focus}Goldman starts Comba (02342) at "buy" & HK$2.5

[ET Net News Agency, 2 September 2019] Goldman Sachs initiated coverage on Comba
Telecom Systems (02342) with a "buy" rating and target price of HK$2.5.
It said Comba it the second-largest base station antenna maker in China and globally by
shipments (as of 2017). Key customers include the main China telecom operators as well as
Ericsson, Nokia, and ZTE (00763).
As the 5G capex cycle takes off, Goldman expects Comba to be in a prime position to
benefit from the new growth opportunities in 5G antennas and small cells. In addition,
Comba management has recently undertaken cost reduction measures to reduce overhead
expenses, which Goldman expects to improve the company's operating leverage going into the
5G cycle. (KL)

Remark: Real time quote last updated: 17/01/2020 17:59
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