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Aztech Global Q3 profit falls 21.2% to S$10.8 million on lower demand
Earnings per share at S$0.0141, down from S$0.0178 the previous year
[SINGAPORE] Aztech Global&rsquo s net profit fell 21.2 per cent to S$10.8 million for the third quarter ended Sep 30, from S$13.7 million in the previous corresponding period.
Revenue for the quarter fell 19.9 per cent to S$133.5 million, down from S$166.7 million.
Earnings per share stood at S$0.0141, down from S$0.0178 in Q3 2024.
For the nine-month period, net profit declined 55.5 per cent from S$60.4 million to S$26.9 million, primarily due to subdued customer demand, said the company in a bourse filing on Wednesday (Oct 15).
&ldquo The group continues to build strong momentum year to date, securing 22 new project wins and onboarding 11 new customers across consumer, medtech, industrial, and automotive segments,&rdquo it said.
The Internet of Things device manufacturer is headed by CEO and executive chairman Michael Mun.
Aztech said that it has commenced the commercial production of five of these new orders year to date, with another five slated to start in Q4.
&ldquo Barring unforeseen circumstances, the group expects its full year performance to remain profitable,&rdquo it added.
Aztech reported a net cash flow of S$16.1 million from its operating activities and a free cash flow S$14.5 million for the nine-month period of 2025.
&ldquo While macroeconomic and geopolitical uncertainties may persist, we will sharpen our operating model and seize emerging opportunities,&rdquo says Michael Mun, Aztech&rsquo s executive chairman and chief executive officer.
Aztech Global H1 net profit drops 65.5% to S$16.1 million on subdued customer demand
Net asset value per share was S$0.36 as at Sep 30, lower than S$0.44 as at Dec 31 2024.
The group attributes the lower net asset value per share to the payment of final and special dividends amounting to S$77.2 million in April 2025 and interim dividend of S$7.7 million declared for the first half of 2025.
Moving forward, Aztech is &ldquo cautiously optimistic&rdquo about the business environment for the rest of 2025. They remain vigilant of the uncertainty in the macroeconomic, trade and geopolitical fronts.
Looking forward for some update this week.
Aztech Global&rsquo s subsidiary sells China property for RM41 mil
Aztech Global&rsquo s wholly-owned subsidiary is selling factory buildings in China for a consideration of RM41 million to an independent third party.
The property is a leasehold property with a lease area of 50 years from 2002, and a land area of 32,566.7 square meters (sqm).
In addition to the sale of the property, Aztech Communication Device (Aztech DG), the wholly-owned subsidiary, shall lease back part of the property for a period of 10 years for an aggregate rental of RMB20 million.
The group says that the sale and leaseback is beneficial overall as it will allow Aztech DG to right size its manufacturing facility in China to service customers who wish to carry out manufacturing facilities.
In addition, Aztech DG will not need to bear the cost of managing the property, and the sale will allow the group to deploy capital more effectively.
As at the date of the announcement, the purchaser, an independent third party, has paid Aztech DG RMB8 million. The remaining RMB13 million will be paid in cash by the completion date.
Aztech Global will report a net gain of RMB 21.8 million.
Aztech Global H1 net profit drops 65.5% to S$16.1 million on subdued customer demand
Earnings per share at 2.08 Singapore cents for the half year, down from 6.04 cents in H1 2024
[SINGAPORE] Aztech Global&rsquo s net profit plunged 65.5 per cent to S$16.1 million, from S$46.7 million, for the first half ended Jun 30, 2025. Similarly, revenue declined by 50.3 per cent to S$185.4 million in H1 2025, from S$373.2 million in H1 2024, indicated its Tuesday (Jul 22) evening bourse filing.
The weaker net profit and revenue performance was primarily due to subdued customer demand, the manufacturer said.
Earnings per share stood at S$0.0208 for the half year, down from S$0.0604 in H1 2024.
An interim dividend of one cent per share was declared, compared to five cents per share in the year-ago period.
&ldquo While macroeconomic and geopolitical uncertainties may persist, we will sharpen our operating model and seize emerging opportunities,&rdquo said Michael Mun, Aztech&rsquo s executive chairman and chief executive officer. &ldquo The interim dividend demonstrates our commitment to shareholders while maintaining a balanced approach to operational needs.&rdquo
The group reported a net operating cash outflow of S$8.8 million in the first half of 2025, which it attributed to higher working capital needs with the increase in trade receivables and inventories. As at end-June, its net cash position came in at S$214.5 million.
Its net asset value per share was S$0.35 as at Jun 30, 2025, lower than S$0.44 as at Dec 31, 2024. This was largely because of the payment of final and special dividends amounting to S$77.2 million in April 2025.
The group&rsquo s customer diversification and growth has gained traction, Aztech said. It has secured 12 new product orders and added seven new customers year to date.
It has also consolidated its production capacity and capabilities in Pasir Gudang, Johor, and sold its premises in Gelang Patah, Johor for RM28.7 million (S$8.7 million).
&ldquo The sale is expected to yield a net gain of RM13.7 million,&rdquo Aztech said.
It added that to better position itself to seize opportunities amid the increasingly complex macroeconomic environment and geopolitical tensions, Aztech will focus on strengthening its customer base diversifying its supplier network leveraging its dual-site manufacturing footprint and maintaining a disciplined approach to resource management.
dismal earnings sp still chiong,
heng din short in the morning or else now chow tar.
heng din short in the morning or else now chow tar.
Wouldn' t be surprised if the founder decides to privatise the company soon...
IPO price: $1.28, privatise at around $0.40 - $0.50
maybe few yrs later, IPO again at $1 plus...
IPO price: $1.28, privatise at around $0.40 - $0.50
maybe few yrs later, IPO again at $1 plus...
Aztech Global&rsquo s subsidiary sells property in Johor to third party for RM28.75 mil
Aztech Global&rsquo s wholly-owned subsidiary has sold its property in Gelang Patah, Johor, Malaysia for a consideration of RM28.75 million ($8.73 million) to an independent third party.
The property has a land area of about 8,092 square meters (sqm) and a built-up area of approximately 10,304.8 square meters. No valuation was carried out in connection with the sale.
Aztech says that the property has remained vacant following the group&rsquo s successful consolidation of its operations at its manufacturing facility located in Pasir Gudang, Malaysia that sits within the Johor-Singapore Special Economic Zone.
The sale would provide funds for the group&rsquo s future acquisition of additional manufacturing facilities in the vicinity of Pasir Gudang, says Aztech.
Upon completion of the sale, Aztech will report a net gain of RM13.7 million.
Tepid US consumer outlook to weigh on Aztech Global
William Tng of CGS International has reiterated his " reduce" call and 41 cents target price for Aztech Global, as he believes the outlook for the rest of this year remains weak for the company.
US consumers, according to Tng, are in a cautious mood due to the trade war and general concerns over their economy.
Excess inventories ordered by Aztech' s key customers accumulated during the pandemic is not helping too, he adds.
As described by Tng in his June 16 note, Aztech&rsquo s customers are mainly US companies, and its main production base will be in Malaysia henceforth instead of China.
Via its 300,000 sq ft plant at Pasir Gudang in Johor, Aztech has the capacity to take on more business if the opportunity arises.
" We think US companies are reassessing their supply chains in Asia, with Malaysia likely still a beneficiary despite the worry of reciprocal tariffs," says Tng.
He adds that Aztech still has $110 million in unused proceeds from its March 2021 IPO to fund further capacity expansion if needed.
At the same time, its currently vacant 86,000 sq ft plant at Gelang Patah, Johor could also be mobilised to support new customers if needed.
Meanwhile, Aztech' s plant in Dongguan, China, is only operating at an average of 30% of its previous capacity following a rationalisation of its production activities there.
Nonetheless, the company is not making a full exit from Dongguan given the still robust electronics manufacturing supply chain in China.
For now, Tng is staying cautious. Aztech, in its 1QFY2025 business update, highlighted that it has 5 new customers but Tng says their volume will not be " significant" this current FY2025.
" Efforts to diversify into other product lines at its key customer will take longer than FY2025," he says.
Order flow this year will remain weak, posing downside risks to Aztech' s earnings, warns Tng.
Tng continues to value this stock at its 4-year average P/E of 8.4x FY2026 earnings estimates, thereby deriving his target price of 41 cents.
Upside risks include potential new customer wins and winning more projects from its main customer, and a potential one-time gain if Aztech disposes of its vacated plant at Gelang Patah.
On the other hand, derating catalysts include order cancellations due to economic slowdown affecting demand, and volatile foreign exchange rate movements affecting its financials.
In addition, Tng is specifically flagging the over-reliance risk from Aztech' s single largest customer. If orders from this customer do not recover or drop further, this could hurt the company' s earnings significantly.
This roast duck stall never fails to roast shareholders gao gao.....old timers know.
seriously, how many got burnt in this, even with proper risk management, ur initial cap will also be wiped out in no time, so better be safe than sorry ya
Tomorrow XD more to drop?
At least there are BB support, should be able to go back up 
money4life ( Date: 16-Apr-2025 16:24) Posted:
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I think if this carry on, we will know at least around eps 0.8 cents for full year
Aztech Global&rsquo s Q1 profit plunges 90.6% to S$1.5 million on demand drop
Earnings per share for the period comes in at S$0.002, down from S$0.0206 a year ago
KEY POINTS Q1 2025
Revenue: S$42 million (-67.3%)
Net profit: S$1.5 million (-90.6%)
[SINGAPORE] Aztech Global&rsquo s net profit for the quarter ended Mar 31, 2025, fell 90.6 per cent to S$1.5 million, from S$15.9 million in the corresponding period in the previous year.
This came as revenue for the period declined 67.3 per cent year on year to S$42 million from S$128.6 million, due to reduced customer demand in the quarter, said the Internet of Things device manufacturer in a bourse filing on Tuesday (Apr 15).
This marks the third consecutive time that the group reported a profit drop.
Earnings per share for the quarter came in at S$0.002, down from S$0.0206 a year ago.
The mainboard-listed company highlighted its &ldquo prudent capital expenditure&rdquo . As at end-March, its net cash position was S$315.7 million, with its net asset value per share remaining at S$0.44.
&ldquo As part of its customer base expansion initiative, the group is positioning its Malaysia facility as the manufacturing partner for customers looking to mitigate supply chain risks arising from geopolitical and tariffs uncertainties,&rdquo said the group.
It has secured five new customers from the consumer, health tech and industrial segments during the quarter, with commercial production scheduled to start from the second half of 2025.
Michael Mun, executive chairman and chief executive officer of Aztech Global, said: &ldquo We are focused on developing our capabilities, enhancing our competitiveness and diversifying our customer base. With strong manufacturing footprint, we will be looking to tap on opportunities that might arise from the current challenging situation.&rdquo
Aztech Global H2 profit falls to S$23.9 million on lower sales but group doubles dividend
Payout is an increase of 87.5% from the amount distributed in 2023
DESPITE its profit dropping from S$57.1 million to S$23.9 million in the second half of 2024, Aztech Global almost doubled its dividend for the full year ended Dec 31.
The Internet of Things device manufacturer said on Tuesday (Feb 25) that it was rewarding shareholders after accumulating a cash reserve of S$311.3 million due to its disciplined approach towards cash and capital management over the years.
Aztech Global declared a total dividend of S$0.15 per share for the financial year, an increase of 87.5 per cent from the S$0.08 per share dividend distributed in 2023.
Group revenue fell 51.1 per cent to S$248.4 million in H2, as the group recorded a lower sales volume of devices and data communication products due to decreased demand from customers, it said.
Earnings per share fell to 3.1 Singapore cents, from 7.4 Singapore cents in the year-ago period.
For the full year, net profit stood at S$70.5 million, down 29.5 per cent from S$100 million. Revenue declined 30.6 per cent to S$621.6 million.
The group said: &ldquo Amid rising trade restrictions, geopolitical tensions and global economic uncertainties, the group is encountering some demand volatility from customers. (It) is prioritising expanding its customer base, strengthening relations with existing customers, managing its cost as well as enhancing its design and manufacturing capabilities.
&ldquo It will continue with digital transformation and automation to optimise operational efficiency.&rdquo
Aztech Global said that five new products entered commercial production in the final quarter of 2024.
In addition, the group secured seven new customers during the year with commercial production expected in the current financial year.
&ldquo The group will also explore merger and acquisition opportunities to expand its customer base,&rdquo it said.
Aztech Global declared a dividend of S$0.10 per share, comprising a final ordinary dividend of S$0.03 per share totalling S$23.2 million and a special dividend of S$0.07 per share totalling S$54 million. It also declared an interim dividend of S$0.05 per share.
already over priced at 795? who' s buying?
money4life ( Date: 26-Feb-2025 11:47) Posted:
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Ipo in Mar 2021 at 1.28. any share split or bonus issue ? .....
UOB KayHian target Price 0.65 
New article from NEXTINSIGHT for sharing: https://research.uobkayhian.com/content_download.jsp?id=83185& h=d249d1ca0d8e978bb074607430a35d6e& utm_medium=email& _hsenc=p2ANqtz-9UaJG4-vgAWq_g9wTVDpI62nmVK44EFVP9joHaTkFG80_76e9nxtAntoZggpAK8R98OIMgloG5NkdW8s7UKQesOTLfQg& _hsmi=348944874& utm_content=348944874& utm_source=hs_email
Declare 3 cts final dividend & 7 cts special dividend
SeePehJiaLat ( Date: 19-Feb-2025 09:33) Posted:
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