- Expect margin pressure to continue from 1Q22; further trimmed earnings for NanoFilm (SGX:MZH) and Aztech (SGX:8AZ).
- - Read this at SGinvestors.io -
- Top picks: AEM (SGX:AWX), UMS (SGX:558), Venture Corp (SGX:V03), Aztech (SGX:8AZ).
Singapore listed tech manufacturers: Margin pressure to continue from 1Q22.
- For the upcoming 2Q22 results season, we expect more cuts in earnings and target prices, especially for the SGX-listed plays, given that the overall supply and demand situations remain challenging. This time round, besides the supply issues, demand could also be affected.
- - Read this at SGinvestors.io -
- For others such as Frencken (SGX:E28) and Grand Venture (SGX:JLB), we already cut earnings by about 10% to 20% during the release of the 1Q22 results in May.
Aztech (SGX:8AZ)
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Lee Keng LING DBS Group Research | Singapore Research Team DBS Research | https://www.dbs.com/insightsdirect/ 2022-07-25
More views on outlook of manufacturing / technology sector:
Analyst Reports on Singapore Manufacturing & Technology Sector