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Hong Kong shares are volatile | Comba Telecom Systems Holdings Limited (02342) fell nearly 14%. It is expected that the mid-term shareholder loss will not exceed HKD 160 million.
Comba (02342) fell nearly 14%. As of press time, it fell 13.95% to HKD 0.74, with a turnover of HKD 1.2103 million.
Comba (02342.HK) issued a profit warning: it is expected that the net loss attributable to the parent company of the Group in the medium term should not exceed 160 million Hong Kong dollars.
Comba Telecom (02342.HK) announced on August 2nd that the net loss attributable to the owners of the parent company is expected to be no more than HKD 0.16 billion during the six-month period ending on June 30, 2024. Meanwhile, during the six-month period ending on June 30, 2023, the net profit attributable to the owners of the parent company recorded about HKD 0.112 billion. The comprehensive loss during the period was mainly caused by the following factors: 1. Slower implementation of global telecommunications operators' network capital projects, resulting in a decrease in the Group's revenue and gross profit during the period; and 2. Equity investments evaluated at fair value.
Express News | Comba Telecom Systems - Expected Result Due to Losses Arising From Fair Value Assessment of Equity Investments, Others
Express News | Comba Telecom Systems Sees Loss Attributable Not More Than HK$160 Mln for Six Months
COMBA: PROFIT WARNING
HKEX News | Comba Telecom (02342) up over 7% again with over 60% increase in the month. Previously, they launched a green three-dimensional antenna for 5G-A ground and space applications.
Comba (02342) rose more than 7%, with a cumulative increase of more than 60% this month. As of press time, it rose 7.14% to HKD 0.9 with a turnover of HKD 18.9013 million.
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