Avi-Tech Holdings has reported net profit of $3.1 million for the FY2022 ended June, 9.7% lower than the net profit of $3.5 million posted in the year before.During the period, the group’s revenue increased by 5.1% y-o-y to $30.8 million due to higher revenue contribution from its engineering serv...

Analysts from RHB Group Research and UOB Kay Hian are keeping their “overweight” call on the Singapore technology sector.To RHB analyst Jarick Seet, his call comes despite potential headwinds such as rising operational costs that may erode margins and amid a potential slowdown in the semiconduct...

SAC Capital has initiated coverage on Avi-Tech Holdings with a non-rating, although it is generally positive on the stock.Analyst Lim Shu Rong says that Avi-Tech’s recovery is tied to the automotive semiconductor market, and specifically to one of its main customers, Infineon Technologies.Infineon...

RHB Group Research analyst Jarick Seet has upgraded his recommendation on the Singapore technology sector to “overweight” from “neutral”. His upgrade comes after the recent correction within the tech sector, which resulted in undemanding valuations, especially that of Singapore-listed counte...

RHB Group Research has upgraded its call on Avi-Tech to “buy” from “hold” at the same target price of 42 cents. This is expected to give the counter a 17% upside from its 36 cent price, analyst Jarick Seet writes in a Feb 14 note. His move follows the 70.8% y-o-y jump in the burnt-in teste...

RHB Group Research’s Jarick Seet has maintained his “neutral” call on Avi-Tech Electronics after it saw a 41.7% drop in profit after tax & minority interests (PATMI) in its FY2020 ending June 30. In a Aug 25 report, Seet gave an unchanged target price of 42 cents, saying that the drop was ...

RHB’s Jarick Seet has downgraded Avi-Tech from “buy” to "neutral" with a lowered target price of 42 cents from his previous target price of 52 cents.  Seet highlighted that as supply chain disruptions have caused a global shortage of auto chips, he expects this to impact Avi-Tech Electron...

CGS-CIMB analyst William Tng says he is “positive” on the outlook for the tech sector in 2021. This, he says, is due to the acceleration of digitalisation of many work processes during the Covid-19 pandemic, which has led to higher demand for IT-related infrastructure. “At the same time, there...