Aztech Global's Earnings Set to Gain From Strong Business Performance -- Market Talk

Dow Jones02-28

0332 GMT - Aztech Global's earnings stand to benefit from its strong business performance, UOB Kay Hian analysts say in a research report as they raise the stock's target price to S$1.25 from S$1.11 with an unchanged buy rating. The Singapore-listed manufacturing services provider continues to actively engage existing customers and suppliers to manage forecasts and component requirements, and it has acquired new customers, the analysts say. Its order book remains resilient at S$333.9 million as of Feb. 22, with all orders slated to be completed this year, the analysts add. The brokerage raises its 2024 and 2025 revenue forecasts for Aztech Global by 7% and 10%, respectively. Shares are 0.5% higher at S$0.95. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 27, 2024 22:32 ET (03:32 GMT)

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