SEHK:2342Communications
Comba Telecom Systems Holdings (SEHK:2342) Stock Faces Earnings Quality Questions
Comba Telecom Systems Holdings went into this earnings print with a bruised share price, down over 40% across the past three months, yet still trading on a rich P/E multiple in the 80s. The stock closed at HK$0.75 after the results, which puts even more focus on whether the profit story is clean or distorted.
The headline this half is earnings quality. Net income from continuing operations and basic earnings per share are positive again, but the last 12 months still include a HK$23.9m one off...