Comba Telecom Systems Holdings Limited's (HKG:2342) 26% Price Boost Is Out Of Tune With Revenues
Dec 30
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Hong Kong (HSI) Communications Equipment Industry Analysis
UpdatedDec 30, 2024
DataAggregated Company Financials
Companies21
- 7D9.5%
- 3M26.1%
- 1Y23.0%
- YTDn/a
Over the last 7 days, the Communications Equipment industry has risen 9.5%, driven by gains from BYD Electronic (International) of 11%. During this same period, the Sandmartin International Holdings underperformed, falling 13%. This means that the industry has gained 23% over the past year. Earnings are forecast to grow by 21% annually.
Industry Valuation and Performance
Has the Hong Kong Communications Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Dec 2024 | HK$140.8b | HK$206.7b | HK$6.6b | 10.9x | 21.3x | 0.7x |
| Thu, 28 Nov 2024 | HK$118.5b | HK$208.7b | HK$6.7b | 10.1x | 17.7x | 0.6x |
| Sat, 26 Oct 2024 | HK$120.6b | HK$211.5b | HK$6.9b | 11.3x | 17.5x | 0.6x |
| Mon, 23 Sep 2024 | HK$97.0b | HK$214.0b | HK$7.0b | 9.5x | 13.9x | 0.5x |
| Wed, 21 Aug 2024 | HK$103.0b | HK$189.0b | HK$7.3b | 12.1x | 14.1x | 0.5x |
| Fri, 19 Jul 2024 | HK$115.0b | HK$186.8b | HK$7.2b | 15.7x | 15.9x | 0.6x |
| Sun, 16 Jun 2024 | HK$120.9b | HK$186.9b | HK$7.2b | 13.5x | 16.8x | 0.6x |
| Tue, 14 May 2024 | HK$115.4b | HK$188.0b | HK$7.2b | 14x | 16.1x | 0.6x |
| Thu, 11 Apr 2024 | HK$97.5b | HK$189.4b | HK$7.4b | 13.5x | 13.2x | 0.5x |
| Sat, 09 Mar 2024 | HK$102.1b | HK$180.0b | HK$5.2b | 9.2x | 19.8x | 0.6x |
| Mon, 05 Feb 2024 | HK$92.0b | HK$180.6b | HK$5.1b | 9.2x | 18.1x | 0.5x |
| Wed, 03 Jan 2024 | HK$115.8b | HK$181.6b | HK$5.1b | 9.9x | 22.6x | 0.6x |
| Fri, 01 Dec 2023 | HK$116.3b | HK$181.5b | HK$5.1b | 10x | 22.7x | 0.6x |
| Sun, 29 Oct 2023 | HK$118.6b | HK$178.9b | HK$5.0b | 10.3x | 23.6x | 0.7x |
| Tue, 26 Sep 2023 | HK$122.4b | HK$179.0b | HK$5.0b | 11x | 24.4x | 0.7x |
| Thu, 24 Aug 2023 | HK$111.5b | HK$165.8b | HK$3.7b | 13x | 30.1x | 0.7x |
| Sat, 22 Jul 2023 | HK$103.4b | HK$167.4b | HK$3.6b | 13.2x | 28.5x | 0.6x |
| Mon, 19 Jun 2023 | HK$101.2b | HK$168.6b | HK$3.6b | 16.8x | 28.2x | 0.6x |
| Wed, 17 May 2023 | HK$96.3b | HK$173.6b | HK$3.9b | 13.4x | 24.8x | 0.6x |
| Fri, 14 Apr 2023 | HK$101.5b | HK$175.4b | HK$3.9b | 13.4x | 26x | 0.6x |
| Sun, 12 Mar 2023 | HK$95.3b | HK$154.5b | HK$2.8b | 10.9x | 33.6x | 0.6x |
| Tue, 07 Feb 2023 | HK$107.7b | HK$155.8b | HK$2.7b | 11.3x | 39.7x | 0.7x |
| Thu, 05 Jan 2023 | HK$101.6b | HK$153.5b | HK$2.7b | 10.9x | 38.2x | 0.7x |
| Sat, 03 Dec 2022 | HK$103.6b | HK$149.9b | HK$2.6b | 11.3x | 40.1x | 0.7x |
| Mon, 31 Oct 2022 | HK$91.9b | HK$147.2b | HK$2.5b | 11.1x | 36.7x | 0.6x |
| Wed, 28 Sep 2022 | HK$99.9b | HK$147.5b | HK$2.2b | 15.7x | 44.4x | 0.7x |
| Fri, 26 Aug 2022 | HK$96.5b | HK$151.6b | HK$3.7b | 13.1x | 26.2x | 0.6x |
| Sun, 24 Jul 2022 | HK$94.6b | HK$153.0b | HK$3.7b | 10.4x | 25.4x | 0.6x |
| Tue, 21 Jun 2022 | HK$94.6b | HK$153.8b | HK$3.8b | 11.1x | 24.9x | 0.6x |
| Thu, 19 May 2022 | HK$81.4b | HK$153.4b | HK$3.8b | 10.2x | 21.5x | 0.5x |
| Sat, 16 Apr 2022 | HK$80.5b | HK$159.0b | HK$4.0b | 11.9x | 19.9x | 0.5x |
| Mon, 14 Mar 2022 | HK$89.2b | HK$154.9b | HK$7.4b | 14.1x | 12x | 0.6x |
| Wed, 09 Feb 2022 | HK$105.9b | HK$153.8b | HK$7.3b | 16.3x | 14.5x | 0.7x |
| Fri, 07 Jan 2022 | HK$119.4b | HK$153.8b | HK$7.3b | n/a | 16.3x | 0.8x |
Price to Earnings Ratio
16.3x
Current Industry PE
- Investors are pessimistic on the Hong Kong Communications Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 21.3x which is lower than its 3-year average PE of 24.2x.
- The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
- The earnings for companies in the Communications Equipment industry have declined 3.3% per year over the last three years.
- Meanwhile revenues for these companies have grown 10% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Hong Kong Communications Equipment compare with similar industries?
| HK Market | 2.11% | |
| Tech | 6.04% | |
| Communications | 9.53% | |
| Communications Equipment | 9.53% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 285 BYD Electronic (International) | HK$42.05 | 6.5% +HK$5.7b | 14.9% | PE22x | |
| 6869 Yangtze Optical Fibre And Cable Limited | HK$13.34 | 21.1% +HK$1.8b | 59.6% | PE9.6x | |
| 2342 Comba Telecom Systems Holdings | HK$1.22 | 10.9% +HK$329.5m | 48.8% | PS0.7x | |
| 303 Vtech Holdings | HK$52.30 | 0.6% +HK$75.9m | 10.9% | PE10.6x | |
| 1085 Hengxin Technology | HK$1.25 | 5.9% +HK$32.6m | -2.3% | PE11.9x |
