- Aztech’s 2023 net profit of S$100m (+48.8% y-o-y) is 5% above our estimated S$95m, driven by a 9% y-o-y growth in revenue. The higher sales volume of IoT devices led to the boost in 2023 revenue.
- - Read this at SGinvestors.io -
2023 earnings slightly above expectations.
- Aztech Global (SGX:8AZ)’s net profit of S$100m (+48.8% y-o-y) marginally beat our forecast of S$95m by 5%, supported by a 9.3% y-o-y growth in revenue to S$896.3m. This was mainly due to the increase in sales volume of IoT devices and data-communication products from higher customer demand.
- - Read this at SGinvestors.io -
Orderbook remains resilient; new customer acquisitions.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | Heidi Mo UOB Kay Hian | https://research.uobkayhian.com/ 2024-02-26
Previous report by UOB:
2023-10-17 Aztech Global - 3Q23 Record-high Earnings Beat Expectations; Moderately Optimistic About Outlook.
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
