Aztech Q3 2024 profits crashed

MilkTeaBro
10-31

Study company management team character is one of my investment fundamental. 

Aztech CEO has delisted a SGX company before, the private offer price was stingy.

After Aztech was listed again, CEO was questioned by SGX one time, why COE salary was so high? The salary didn't match the company revenue size.

From these two events, I realised that the management and retail investors weren't in a same boat. Retail investors will not get good results in long term if management team put his benefits in higher priority than share holders.

I found a chance close this counter at minor profits.

Shares of Aztech Global $Aztech Gbl(8AZ.SI)$   crashed nearly 27% after the company's third-quarter net profit dropped nearly 56% year over year to SG$13.7 million from SG$30.9 million.

I am not surprised by this explosion. 

I advised that retail investors stay away from it.

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Comments

  • Shernice軒嬣 2000
    10-31
    Shernice軒嬣 2000
    Agreed. I think it's unwise to invest in companies that don’t prioritize their shareholders and employees. Such companies seem to drain resources without genuinely contributing to their growth. I wouldn't consider investing in such subpar companies—they're simply squeezing more money out of retail investors through IPO.
    • MilkTeaBroReplyShernice軒嬣 2000: 
      you are very humble. My first 20 years is only experience, very little money investment, most investment were in funds. only in recent years, I invested seriously. Paid all house loan; Cash in hands is not enough for a good condo, investment in stock is the only way to beat inflation in my vision.
    • Shernice軒嬣 2000ReplyShernice軒嬣 2000: 
      Kimly is a solid choice for dividend investing.
    • Shernice軒嬣 2000ReplyMilkTeaBro: 
      Being level 9 doesn't mean much—it's mostly just a bit more in commission discounts for stock trading. I'm just a tiny ant compared to you, with your 20+ years of investment experience and a certified individual.
    • MilkTeaBro: 
      I hold a little share of $Kimly(1D0.SI)$
    • MilkTeaBro: 
      Wow, Shernice is a level 9 investor.
  • Perfectech
    11-01
    Perfectech
    How can SGX allow this stock to be listed? [Drowsy]
    • MilkTeaBro: 
      I really sent this email to SGX.  it replied that All these actions are legal.
  • TC TAN
    10-31
    TC TAN
    Thank you for the info
  • NancyZhang
    10-31
    NancyZhang
    Good analysis
  • Ivy3128
    10-31
    Ivy3128

    Great article, would you like to share it?

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