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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（11）

  • Top
  • Latest
  • Shernice軒嬣 2000
    ·10-31
    TOP
    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.
    Reply
    Report
    Fold Replies
    • MilkTeaBroReplying toShernice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.
      10-31
      Reply
      Report
    • Shernice軒嬣 2000Replying toShernice軒嬣 2000: 
      Kimly is a solid choice for dividend investing.
      10-31
      Reply
      Report
    • Shernice軒嬣 2000Replying toMilkTeaBro: 
      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.
      10-31
      Reply
      Report
    View more 2 comments
  • Perfectech
    ·11-01
    TOP
    How can SGX allow this stock to be listed? [Drowsy]
    Reply
    Report
    Fold Replies
    • MilkTeaBro: 
      I really sent this email to SGX.  it replied that All these actions are legal.
      11-01
      Reply
      Report
  • TC TAN
    ·10-31
    Thank you for the info
    Reply
    Report
  • NancyZhang
    ·10-31
    Good analysis
    Reply
    Report
  • Ivy3128
    ·10-31

    Great article, would you like to share it?

    Reply
    Report