Streetbeat News

COBJF

Comba Telecom Systems Holdings Limited

https://www.comba-telecom.com

Industry

Telephone Apparatus Manufacturing

Open

0.12

Mkt cap

330M

Volume

14K

High

0.12

P/E Ratio

12.00

52-wk high

0.18

Low

0.12

Div yield

N/A

52-wk low

0.12

Comba Telecom reported a loss in the first half of the year due to a slowdown in 5G network spending by China's three main wireless carriers. The company's cash position fell by 20%, and it canceled its final dividend last year. Rival AsiaInfo also reported its first-ever loss since its Hong Kong listing in 2018. China's telecoms spending cuts are expected to continue, impacting companies like Comba and AsiaInfo.

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