- Aztech (SGX:8AZ)'s 1Q23 earnings of S$13.4m were disappointing, hit by higher operating costs. On the bright side, revenue grew 26.3% y-o-y to S$161.6m, driven by strong demand from its key customer.
- - Read this at SGinvestors.io -
- Aztech's FY23E EPS is still likely to increase 33% y-o-y, which would be quite positive. Maintain BUY.
Hit by lower margins…
- Despite Aztech's 1Q23 revenue rising 26.3% y-o-y to S$161.6m, NPAT fell 3.6% y-o-y to S$13.4m due to lower margin caused by higher operating costs and a S$3.1m FX loss.
- - Read this at SGinvestors.io -
…but key customer orders remain strong
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Jarick Seet Maybank Research | https://www.maybank-ke.com.sg/ 2023-05-05
Read also Maybank's most recent report:
2024-11-01 Aztech Global - Key Customer Drops Orders; Downgrade To HOLD.
Previous report by Maybank:
2024-07-31 Aztech Global - Attractive Yield Of 9.8%.
Price targets by 2 other brokers at Aztech Target Prices.
Listing of research reports at Aztech Analyst Reports.
Relevant links:
Aztech Share Price History,
Aztech Announcements,
Aztech Dividends & Corporate Actions,
Aztech News Articles
