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Aztech Global (SGX:8AZ)’s 2Q26 net profit of S$5.4m (-36% y-o-y; +35% q-o-q) is below our expectation, bringing 1H26 earnings of S$9.4m to form 22% of our full-year estimate.
- - Read this at SGinvestors.io -
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Net profit fell 63% y-o-y due to lower revenue, reduced interest income of S$0.7m and foreign exchange loss of S$1.2m.
Challenging business outlook for the near term.
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Aztech expects softer customer demand for 2H26. While Aztech maintained its NPI pipeline, the ramp-up and revenue contribution from these projects are expected to be gradual. Contributions from these projects in the near term will not fully offset the lower order volume from existing customers arising from increased competition.
- - Read this at SGinvestors.io -
Aztech maintained its New Product Introduction (NPI) pipeline
- 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 Research | https://research.uobkayhian.com/ 2026-07-29
Previous report by UOB:
2026-04-29 Aztech Global 1Q26 - Strong Start With 54% Yoy Revenue Growth With New Customers Gaining Traction; Upgrade To BUY.
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
