MAINBOARD-LISTED Aztech Global on Monday (Nov 14) said its wholly-owned Malaysia subsidiary IOT Manufacturing will acquire another manufacturing facility in Johor for RM66.8 million (S$20 million).

MAINBOARD-LISTED Aztech Global on Monday (Nov 14) said its wholly-owned Malaysia subsidiary IOT Manufacturing will acquire another manufacturing facility in Johor for RM66.8 million (S$20 million).

Analysts from UOB Kay Hian and Maybank have given differing calls over Aztech Global in the wake of its 3QFY2022 ended September results.UOB Kay Hian’s John Cheong maintained a “buy” rating on the stock and raised his target price to $1.05 from 99 cents, while Maybank’s Jarick Seet has maint...

Mainboard-listed Aztech Global’s nine-month net profit rose 34.2 per cent year on year to S$63.7 million, following strong revenue contributions from the group’s Internet of Things (IoT) devices and data communication products.

Aztech Global has reported a 34.2% growth in net profit to $63.7 million for the 9MFY2022 ended September, compared to the same period last year.Revenue stood at $607 million, up 55.4% y-o-y. This was despite the ongoing pandemic and the challenges it has brought to the world which included continua...

Maybank Securities analyst Jarick Seet has downgraded the Singapore tech sector under his coverage from “positive” to “neutral”.While earnings can still be expected, the uncertain outlook and macro headwinds this coming year is a cause of concern.Except for Venture Corp, which still warrants...

CGS-CIMB Research analysts William Tng and Izabella Tan have lowered their target price on Aztech Global to 96 cents from $1.22 previously as Aztech’s margins could remained under pressure due to supply chain, logistics and manpower issues.As such, they have also cut their gross profit margin (GPM...

CONTINUED margin pressures and a more uncertain global economic outlook have prompted CGS-CIMB to cut its price target on Aztech Global to S$0.96 from S$1.22.

Analysts from CGS-CIMB Research and UOB Kay Hian are remaining “overweight” on the tech manufacturing services sector despite the worsening operating environment.On Oct 7, the US Department of Commerce slapped additional restrictions on semiconductor (semicon) exports to China, adding to concern...

DBS Group Research equity analysts Yeo Kee Yan and Janice Chua say that the market faces a “correction” this month according to historical trends, following the rebound seen in July.The Straits Times Index (STI) had a 3.35% month-on-month (m-o-m) rebound in July, in line with Yeo and Chua’s ex...

Analysts from four brokerages have maintained their “buy” calls on Aztech Global, but have differed on their target price forecasts in the wake of Aztech Global’s 1HFY2022 results ended June.DBS slashed its target price from $1.33 to $1.18, while UOB Kay Hian reduced its estimate from $1.55 to...

ANALYSTS from Maybank and UOB Kay Hian (UOBKH) were optimistic on tech solutions provider Aztech Global, following a higher-than-expected<a href="/companies-markets/aztech-global-reports-79-surge-in-q2-net-profit-as-it-produces-and-ships-more-iot" target="_blank"> e...

TECH solutions provider Aztech Global reported a 79 per cent surge in net profit to S$29 million in the second quarter of financial year 2022 thanks to “strong production volume and shipment” of Internet of Things (IoT) and data communication devices, according to the company’s interim...

Mainboard-listed Aztech Global has reported 45.6% higher net profit y-o-y to $42.8 million for the 1HFY2022 ended June.Similarly, its revenue grew 46.0% y-o-y to $364.6 million for the period.No interim dividend has been declared. Aztech Global says it intends to conserve cash and recommend dividend...

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...