- Aztech (SGX:8AZ)'s 2Q24 revenue is up 7.8% to S$244.6m and net profit rose 4.4% to S$30.8m, in line with our estimates. We expect 2H24E to be stronger due to a snowstorm affecting production in 1Q24.
Faster lead-time makes order-book deceptively weak
- - Read this at SGinvestors.io -
- The bulk of the existing order-book will be completed in FY24. It also has some ramp-up in new products from existing and new customers by the end of FY24E. As a result, we expect a stronger 2H24 ahead for Aztech.
Attractive yield of 9.8% for FY24E
- - Read this at SGinvestors.io -
- With strong cash flow generation and a healthy net cash balance sheet, we expect Aztech's management to continue to reward shareholders generously for FY24E, and we expect the total dividend to increase to S$0.10 per share for FY24E, which represents an attractive 9.8% yield.
2H24E should remain positive
- 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/ 2024-07-31
Read also Maybank's most recent report:
2024-11-01 Aztech Global - Key Customer Drops Orders; Downgrade To HOLD.
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
