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121-140 of 300
IPO $1.20.
Should be buying Wanton noodle store , support their roasted pork
Business
Seventy ( Date: 23-Jul-2023 14:45) Posted:
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Wonder whether company will buy any more food stall? Last time, Owner like to eat duck rice, he buy duck rice stall
Aztech Global H1 net profit up 0.2% to S$42.9 million on higher sales
AZTECH Global has posted a 0.2 per cent increase in net profit to S$42.9 million for its first half ended Jun 30, 2023, from S$42.8 million in the corresponding period of the year before.
While the company saw gains in revenue and higher interest income, these were offset by higher employee benefits and other operating expenses as a result of increased business activities, said the technology solutions provider in a bourse filing on Friday (Jul 21).
Earnings per share stood at 5.56 Singapore cents for H1, up from 5.55 cents the previous year.
Revenue for H1 rose 6.6 per cent to S$388.6 million, from S$364.6 million the year before. This was mainly driven by a year-on-year increase in sales of Internet of Things (IoT) devices and data-communication products, said the company.
An interim dividend of three Singapore cents per share was declared for the half year. The dividend will be recorded on Aug 1 and paid out on Aug 11. There was no interim dividend paid in the corresponding year-ago period.
The group expects the challenging operating environment to persist in H2 this year, given the ongoing macroeconomic uncertainties. It thus remains cautiously optimistic about its business prospects for the rest of the year.
Notwithstanding the current tough business climate, the group&rsquo s order book remains strong, it said. As at Friday, it had secured S$594.5 million in orders a significant portion of these orders are scheduled for completion in FY2023 across the group&rsquo s manufacturing facilities in Dongguan in China, and in the Malaysian state of Johor.
Aztech&rsquo s chairman and chief executive Michael Mun said: &ldquo We remain committed to growing our business sustainably in the IoT space through continuous product and manufacturing development and innovation to ride on the opportunities ahead.&rdquo
Results better than expected, 3 cents dividends.
Bought 0.685
Accumulate
refer back to the 1st time they delist Aztech a few years ago:)
Tracer63 ( Date: 09-May-2023 14:27) Posted:
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3 yrs low is at 73 and always rebound from that level. How to reach your 40 and below cents??
luckyguy3 ( Date: 08-May-2023 12:59) Posted:
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Okay, then we better wait till then 
slowly steadily drop below 40 cents then launch a general offer of 42 cents lo
sfw2124 ( Date: 08-May-2023 12:57) Posted:
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Aztech Global will be releasing its Business Performance Update for the First Quarter ended 31 March 2023 today after close of trading.
CGS-CIMB in its Tech Manufacturing Stocks 1Q23 earnings preview (dated 18/4/2023) expect 1Q23F revenue to be $135.6m (+5.9% yoy, -36.4% qoq) and net profit to rise 17.3% yoy and 361.2% qoq to $16.3m.
CGS-CIMB in its Tech Manufacturing Stocks 1Q23 earnings preview (dated 18/4/2023) expect 1Q23F revenue to be $135.6m (+5.9% yoy, -36.4% qoq) and net profit to rise 17.3% yoy and 361.2% qoq to $16.3m.
This one si mi tai chi ? 80-82 ping here ping there ?.
hope it will break up soon ...
Joelton ( Date: 22-Feb-2023 10:03) Posted:
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Analysts positive on Aztech Global outlook despite FY2022 forex hit
MAYBANK Securities and DBS Group Research raised their target prices on Aztech Global : 8AZ +5.62% on expectations of a stronger outlook for the group, driven by expectations of continued revenue growth in the near term and a strong order book.
This came even after the tech solutions provider&rsquo s latest full-year results largely missed both brokerages&rsquo expectations, mainly due to foreign exchange losses.
Maybank upgraded its call on the stock to &ldquo buy&rdquo from &ldquo hold&rdquo , despite the &ldquo dismal&rdquo set of FY2022 results. It noted that the group&rsquo s core business remains strong and is expected to benefit from the diversification trend in China.
Its higher target price of S$1.02, compared with S$0.79 previously, is based on a higher valuation of seven times FY2023 price-to-earnings (PE), as opposed to the earlier multiple of six times.
The research house raised its FY2023 net profit after tax (NPAT) estimate by 10.4 per cent and FY2024 estimate by 12.4 per cent, on the expectation of stronger orders and with the assumption that &ldquo the worst is over&rdquo for Aztech Global.
Analyst Jarick Seet on Monday (Feb 20) noted that while Aztech Global&rsquo s earnings results are &ldquo way below&rdquo his estimates, the group would have reported core NPAT of S$123 million notwithstanding the forex losses, which would have represented a record year.
This indicates a likely strong earnings rebound in FY2023, said Seet, who noted that the stocks&rsquo valuations appear to be bottoming at 3.7 times ex-cash PE, based on FY2023 estimates.
On the other hand, DBS on Tuesday maintained its &ldquo buy&rdquo call, while lifting its target price for Aztech Global to S$1.15 from S$1.02. This factored in higher net margin assumptions for FY2023 and FY2024.
DBS analyst Ling Lee Keng noted that the new target price, which also implied a seven times PE multiple on FY2023 estimates, is half a standard deviation point of the stock&rsquo s average PE since its listing.
She viewed the stock&rsquo s current valuation of five times as &ldquo very attractive&rdquo , given how it is below the average multiple of about nine times.
Ling also liked Aztech Global for its attractive margins, compared to its peers in the downstream technology manufacturing space.
The analyst raised her net margin assumptions to 13 per cent for FY2023 from 11.4 per cent previously, and 13.6 per cent for FY2024 from 11.5 per cent. This resulted in a 30 per cent increase in earnings estimates for both financial years.
UOB Kay Hian (UOBKH) maintained its &ldquo buy&rdquo call on the stock, with an unchanged target price of S$1.05.
Though Aztech Global&rsquo s FY2022 earnings came in below expectations, the brokerage said it remains positive on the group&rsquo s outlook, given how its major customer&rsquo s orders are expected to grow.
&ldquo We continue to like Aztech as it is a proxy to high-growth Internet-of-Things products, for which we believe orders will continue to grow in 2023,&rdquo said its research team on Tuesday.
UOBKH nonetheless reduced its FY2024 earnings forecast by 6 per cent and revenue forecast by 10 per cent, to reflect the slower global growth outlook which could, in turn, affect future demand for consumer electronic goods.
845. 很 贱 !
S&rsquo pore tech stocks flounder despite strong revenue growth investors advised to stay selective
SINGAPORE - Despite technology firms here delivering better earnings and dividend payouts in recent months, many tech stocks listed on the Singapore Exchange (SGX) are still floundering after trading poorly as interest rates rose in the past year.
Aztech Global, which makes devices for the Internet of Things (IoT), is one example.
The company last Friday reported growth in revenue to a record $820.2 million for the financial year ended Dec 31, 2022. This is up 31.4 per cent compared with the year before due to higher IoT product sales.
Aztech recorded net profit of $6.7 million for FY2022, a 9.7 per cent drop. But this would have been $123.8 million had it not been for the foreign exchange losses booked.
The company held net cash amounting to $210.9 million, and its board is recommending a dividend of 1.5 cents. That will bring total dividends paid to 4.5 cents a share, representing a payout of 51.4 per cent, more than half of Aztech&rsquo s attributable profit for the year.
Chief executive Michael Mun said the FY2022 revenue is a record for the firm, but warned that higher interest rates to contain inflation would soften electronics demand in major markets in 2023.
Aztech&rsquo s shares closed at 80 cents, down by more than 4 per cent on Monday and almost 15 per cent in the past year.
Shares of firms that service the global semiconductor industry have also stumbled despite stronger demand.
SGX-listed AEM Holdings, which provides semiconductor and electronics test solutions, has fallen around 22 per cent over the past year. Its shares closed at $3.31 each on Monday.
This is despite it expecting record revenues of between $820 million and $850 million, backed by strong customer demand. AEM will report FY2022 results on Friday.
AEM in November 2022 announced revenue totalling $746.6 million for the nine months ended Sept 30, claiming that this was the highest nine-month amount generated in its history. Net profit for the period was $115.3 million.
UMS Holdings, which makes equipment for semiconductor companies, also announced record revenues for the nine months to Sept 30. Backed by strong customer demand, its revenue for the period hit $250 million, exceeding sales for the whole of FY2021, while net profit hit a record of $82 million, the company said.
Still, UMS shares closed on Monday at $1.16 each, down by 5.7 per cent over the past year.
Shares of Micro-Mechanics, which makes precision tools used to assemble and test semiconductors mainly for customers in China, fell by over 30 per cent in the same period.
The volatility seen in the share prices of many Singapore tech companies comes amid a global slump in tech stocks, led by rising interest rates, high inflation and lower consumer confidence. Besides Aztech, AEM, UMS and Micro-Mechanics, other tech firms like software provider Silverlake Axis and Nanofilm Technologies have also suffered.
But prospects for the industry are improving.
Consultancy McKinsey predicts that the industry will surpass US$1 trillion (S$1.3 trillion) in value by 2030, led by growth in vehicles and data centres.
Mr Robert Casanova, director of industry statistics and economic policy at the US Semiconductor Industry Association, said the long-term prospects for the chip industry are &ldquo incredibly bright&rdquo .
&ldquo Chips are key to the big emerging technologies, such as artificial intelligence (AI), IoT and 6G. They are essential to breakthroughs in medicine and innovation in medical devices,&rdquo he said.
While OCBC Securities trading strategist Samuel Wong noted that Singapore is deepening the use of AI technologies in areas such as telehealth, smart living and manufacturing, he warned that the high interest rates that impacted tech stock valuations in 2022 will likely persist in 2023.
Hence, &ldquo apart from examining the fundamental valuation of companies, investors should look out for new innovations that these organisations are rolling out and the future value that they may bring forth&rdquo .
But Mr Nirgunan Tiruchelvam, head of consumer and Internet at IT research and consulting firm Aletheia Capital, said: &ldquo Tech firms here have done well operationally despite a global recession. Those that are in the business of tech hardware are linked to the global business cycle, and sentiment is improving as expectations of further interest rate hikes taper.&rdquo
Despite this, the share prices of Singapore-listed tech firms could continue to perform poorly due to the low liquidity and trading volumes on the SGX, which is dominated by banks and real estate plays, he said. Hence, investors here may not award local tech stocks the valuations they deserve.
Aztech Global H2 net profit falls 46% on foreign exchange losses
TECH solutions provider Aztech Global : 8AZ +0.6% reported a 45.9 per cent fall in net profit to S$24.3 million for the second half of the year ended Dec 31, 2022, from S$45 million a year earlier.
Earnings per share for the half year stood at S$0.0315, down from S$0.0588 previously. This was despite revenue rising 21.6 per cent to S$455.7 million, from S$374.7 million the year before.
In a bourse filing on Friday (Feb 17), the group said the decline in net profit mostly stemmed from foreign exchange losses amounting to S$56.6 million, with several foreign currency contracts maturing in FY2022.
It highlighted that the bulk of these contracts had been settled as at Dec 31, 2022, and another 2.5 per cent of contracts are expected to be settled in the coming year.
Excluding the impact of these foreign exchange losses, Aztech Global said net profit would have grown year on year by 66.4 per cent to S$123.8 million.
For the full year FY2022, revenue climbed 31.4 per cent year on year to S$820.2 million &ndash mainly due to strong revenue growth from the group&rsquo s Internet of Things devices and data communications products. This was underpinned by &ldquo productivity and operational efficiency gains&rdquo , as well as cost-control measures and increase in interest income, it added.
Aztech Global noted that its net-cash position also remains &ldquo healthy&rdquo at S$210.9 million as at Dec 31, 2022, up from the previous year&rsquo s S$186.8 million. This came even as net asset value slipped marginally to S$0.37, from S$0.38 a year ago.
The group added that its order book stood at S$633.9 million as at Dec 31, 2022, with an additional S$84.7 million in orders added on Friday. The majority of the orders are scheduled for completion in FY2023.
As such, Aztech Global remains &ldquo cautiously optimistic&rdquo for its business, even as supply chain challenges and inflationary cost pressures remain.
&ldquo The addition of the new Pasir Gudang manufacturing plant in Johor, Malaysia, is timely to support our growth and provide production diversification for our customers&rsquo needs,&rdquo said Michael Mun, chairman and chief executive officer of the group.
Getting better again
hope so ...
Sgvale ( Date: 05-Dec-2022 15:38) Posted:
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