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Aztech Q3 2024 profits crashed
@MilkTeaBro：
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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