Aztech Global - DBS Research 2025-02-26: Easing Demand Weighs On Growth

Aztech Global - Easing Demand Weighs On Growth

Published:
Aztech (SGX:8AZ) | SGinvestors.io
  • Aztech's FY24 revenue, while slightly below our expectations, resulted in a 3% net profit beat, driven by lower taxes. Pre-tax profit met expectations.
  • FY24 revenue fell 30.6% y-o-y to S$621.6m due to lower IoT and data-communication sales in 2H24.

FY24 results broadly in line,

  • - Read this at SGinvestors.io -
  • Net margin remained stable at 11.3%, vs 11.2% in FY23.
  • For 2H24, Aztech's net profit plunged 58% to S$23.9m on the back of the 51% drop in revenue to S$248.4m. Net margin was 9.6%.
  • Overall, Aztech's FY24 revenue was 3% below our projection but 9% below consensus, while net profit exceeded our projection by 3% but met consensus.

Special dividend declared.

  • - Read this at SGinvestors.io -

New products, new customers.

  • Read more at SGinvestors.io.



Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.



Lee Keng LING DBS Group Research | https://www.dbs.com/insightsdirect/ 2025-02-26



Previous report by DBS:
2024-10-30 Aztech Global - Weakening Order Momentum.

Price targets by 3 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





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