Aztech Global - Maybank Research 2025-04-11: Tariffs! Downgrade To HOLD.

• With President Trump bumping up China’s tariff to 145%, Aztech will likely be impacted through its sizable manufacturing footprint in both China and Malaysia.
• About 79% of Aztech's revenues are from North America, which is its single-largest customer. We believe the tariffs will hurt both its margins and demand, resulting in delays to new product launches and lower demand from its key customer.

Downside risk is significant

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

Dividends unlikely sustainable if tariffs remain

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Previous report by Maybank:
2025-02-26 Aztech Global - Diversifying To New Customers, Upgrade To BUY. .

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