Aztech Global Earnings Prospects Look Positive -- Market Talk

Dow Jones04-25

0447 GMT - Aztech Global's earnings prospects look positive to Maybank, even though the Singapore-listed manufacturing services provider's 1Q net profit after tax of S$15.9 million was below consensus and Maybank's estimates. Aztech Global may increase its plant utilization rate to 80% in 2Q from 50% in 1Q, says Research analyst Jarick Seet in a note. This is because the majority of its order book has to be fulfilled by 3Q, he adds. Maybank has a buy rating and target price of S$1.14 on the stock, which is last at S$0.94. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

April 25, 2024 00:47 ET (04:47 GMT)

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Maybank has a buy rating and target price of S$1.14 on the stock, which is last at S$0.94. 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