- Aztech Global (SGX:8AZ)’s 2Q24 net profit of S$31m (+4% y-o-y; +94% q-o-q) is largely in line, bringing 1H24 to form 42% of our full-year estimate. 1H typically forms around 40% of full-year earnings.
- - Read this at SGinvestors.io -
Orderbook remains healthy.
- Aztech's orderbook fell 33% to S$304m as at 30 Jul 24 vs S$456m as at 23 Apr 24. Order lead time has normalised to around three months after the COVID-19 pandemic, and majority of the orderbook is scheduled for completion in 2024.
- - Read this at SGinvestors.io -
Higher interim dividend of 5.0 cents proposed
- Aztech also declared a dividend of 5.0 cents per share, a 67% increase from 3.0 cents per share in 1H23. This amounts to S$39m or about 83% payout ratio (vs 54% in 1H23). See Aztech's dividend dates.
- To recap, Aztech targets at least 30% dividend payout ratio.
Cautiously optimistic on 2024 business outlook.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | Heidi Mo UOB Kay Hian | https://research.uobkayhian.com/ 2024-07-31
Read also UOB's most recent report:
2026-04-29 Aztech Global 1Q26 - Strong Start With 54% Yoy Revenue Growth With New Customers Gaining Traction; Upgrade To BUY.
Previous report by UOB:
2025-10-16 Aztech Global - 3Q25 Results In Line; Customer Demand Remains Soft.
Price targets by other brokers at Aztech Target Prices.
Listing of research reports at Aztech Analyst Reports.
Relevant links:
Aztech Share Price History,
Aztech Announcements,
Aztech Dividend Payout Dates & Corporate Actions,
Aztech News
