HK's handset components maker Tongda rises; co eyes 5G opportunities

Tongda group

29/01/2019 02:01

** Shares of handsets components maker Tongda Group Holdings
Ltd  0698.HK  rise 9.1 pct to HK$0.84 after the supplier of
Samsung says to seek development opportunities due from 5G 
    ** Co says it is performing research and development on
5G-compatible handset casings of integrated radio and automotive
GPS navigation antennas as it aims to seize the market
development opportunities brought about by 5G  urn:newsml:reuters.com:*:nFWN1ZS0M1
    ** Co also says it will expand collaboration with Samsung to
provide back covers for its mid-range handset models, and it
will supply frames and glass back covers materials to Xiaomi
 1810.HK 
    ** Tongda Group has underperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 3.3 percentage points in the
past one month
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  slides 0.4 pct, and the benchmark
index  .HSI  eases 0.6 pct

 ((Reuters Messaging:
donny.kwok.thomsonreuters.com@reuters.net))