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Aztech Global IPO

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stlimst
    13-May-2026 11:45  
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No more imterest, BBs?
 
 
stlimst
    12-May-2026 22:34  
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Yes, hit $1.05 for closing.
Strong accumulation going on.

Let' s see how far BBs want to take this one.
My target - $1.13 by end of the week.

stlimst      ( Date: 12-May-2026 14:12) Posted:

Collectioon going on for $1.04.
Huge block at $1.05.
Once this wall is down then it will hit $1.13

stlimst      ( Date: 12-May-2026 13:52) Posted:

Yes, broke the 52-week high of $1.04.
BBs have finally taken note of this solid tech stock.

Let' s see if it can hit the analysts' target ofd $1.3


 
 
parcvista
    12-May-2026 14:13  
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Hope it breaks thru
 

 
stlimst
    12-May-2026 14:12  
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Collectioon going on for $1.04.
Huge block at $1.05.
Once this wall is down then it will hit $1.13

stlimst      ( Date: 12-May-2026 13:52) Posted:

Yes, broke the 52-week high of $1.04.
BBs have finally taken note of this solid tech stock.

Let' s see if it can hit the analysts' target ofd $1.32

stlimst      ( Date: 12-May-2026 13:19) Posted:

Yes, that' s more like it.

If the mainstream semcond stocks like AE, UMS, Frencken and Micro-Mechanics are all flying, this one should fly even more


 
 
stlimst
    12-May-2026 13:52  
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Yes, broke the 52-week high of $1.04.
BBs have finally taken note of this solid tech stock.

Let' s see if it can hit the analysts' target ofd $1.32

stlimst      ( Date: 12-May-2026 13:19) Posted:

Yes, that' s more like it.

If the mainstream semcond stocks like AE, UMS, Frencken and Micro-Mechanics are all flying, this one should fly even more.

stlimst      ( Date: 11-May-2026 11:04) Posted:

Spoke too soon.
Lai leow.
 


 
 
stlimst
    12-May-2026 13:19  
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Yes, that' s more like it.

If the mainstream semcond stocks like AE, UMS, Frencken and Micro-Mechanics are all flying, this one should fly even more.

stlimst      ( Date: 11-May-2026 11:04) Posted:

Spoke too soon.
Lai leow.
 

stlimst      ( Date: 11-May-2026 10:34) Posted:

No BB interest in this gem at all?
 


 

 
stlimst
    11-May-2026 11:04  
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Spoke too soon.
Lai leow.
 

stlimst      ( Date: 11-May-2026 10:34) Posted:

No BB interest in this gem at all?
 

 
 
stlimst
    11-May-2026 10:34  
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No BB interest in this gem at all?
 
 
 
stlimst
    10-May-2026 11:03  
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Riding on the tailwind if this super cycle.
You will reap the benefits for sure.
Vested too.

Nippon72      ( Date: 10-May-2026 09:31) Posted:

Aztech' s archilles heel is its history of delisting & relisting after a short while if I recalled correctly.
From the general SH responses, probably given the shorter stick or below the belt kind of offer then. 
Vested, a few 000 shares just to ride on the electronics' industry.
 

 
 
Nippon72
    10-May-2026 09:31  
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Aztech' s archilles heel is its history of delisting & relisting after a short while if I recalled correctly.
From the general SH responses, probably given the shorter stick or below the belt kind of offer then. 
Vested, a few 000 shares just to ride on the electronics' industry.
 
 

 
Rightstock
    10-May-2026 09:20  
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Is Aztech too cheap to be ignored? I think the answer is obvious to some.
Traders, short sellers and investors you decide.

Net Profit
Aztech  $40m
Frencken $39m
UMS $41.6m
Venture $226m

PE 
Aztech 18.5
Frencken 32
UMS 50
Venture 23

Market Capitalisation
Aztech $744m
Frencken $1,250m
UMS $2,070m
Venture $5,300m


 
 
 
stlimst
    09-May-2026 23:30  
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Absolutely no reason at all that Aztech is trading below $1.
UOB Kay Hian's $1.32 is possible if the company can execute quickly.

 
 
stlimst
    09-May-2026 23:23  
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Justifying the price upgrades by many houses.

Aztech is the stock to go for with AEM and the rest of the semiconductor pack surging ahead.

Crossing $1 soon and heading to $1.14.


HuatAh7898      ( Date: 09-May-2026 20:28) Posted:

It has been enjoying quite a good run up of it' s price!
 

 
 
HuatAh7898
    09-May-2026 20:28  
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It has been enjoying quite a good run up of it' s price!
 
 
 
Joelton
    09-May-2026 09:39  
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Aztech Global gains favour with wider customer base

Aztech Global reported 1QFY2026 ended March results that came in roughly in line with analysts&rsquo expectations. However, with new orders secured, the manufacturer enjoyed upgrades and higher target prices to reflect the better prospects ahead.

In 1QFY2026, Aztech reported earnings of $4 million, a jump of 167% y-o-y. This came on the back of a 54% increase in revenue to $64.7 million, led by stronger demand for Internet of Things devices, which accounted for a big chunk of Aztech&rsquo s business. Orders in data communication products also helped lift the bottom line.

The 1QFY2026 numbers show Aztech has put behind the lower earnings it posted in FY2025 as a key customer cut back orders, no thanks to softer global demand and a more competitive operating landscape. In FY2025, Aztech&rsquo s revenue fell 30.4% y-o-y to $432.5 million and earnings plunged 43% to $40.2 million.

UOB Kay Hian&rsquo s John Cheong sees a more positive year ahead for Aztech. &ldquo While management remains cautious on the near-term macro backdrop, earnings visibility is set to improve,&rdquo says Cheong, who has raised his target price from 58 cents to $1.32, along with a &ldquo buy&rdquo call from &ldquo hold&rdquo .

The brighter prospects are partly due to the ramp-up of new projects secured. Aztech won 27 new projects in 2025, of which only eight entered commercial production that year. &ldquo The remaining are scheduled to commence production in 2026, providing a clearer growth pipeline,&rdquo says Cheong.

In 1QFY2026, Aztech further secured six new project orders and added two new customers in the security and renewable energy segments. Also, six new project orders started commercial production.

&ldquo These project wins and new product introduction progress support medium-term customer and revenue diversification, despite modest early-stage revenue,&rdquo says Aztech.

Aztech also has the capacity to handle higher pick-up volumes. In January, the company&rsquo s Malaysia facility obtained US FDA registration for high-value medtech.

Cheong has raised his FY2026 earnings estimate by 15% and his FY2027 estimate by 25%, underpinned by more resilient and growing customer demand. Correspondingly, Cheong&rsquo s target price has been raised to $1.32, pegged to 20 times FY2027 earnings, or a 25% discount to Singapore peers&rsquo average of 27 times.

Besides trading at a lower valuation relative to peers, Cheong notes that Aztech offers an attractive 5% core yield, with total yield reaching 14%&ndash 15% in 2024&ndash 2025 after including special dividends.

William Tng of CGS International has similarly upgraded his call from &ldquo hold&rdquo to &ldquo add&rdquo . &ldquo Despite the slow start to FY2026, we expect Aztech to see q-o-q improvements in the second and third quarters, based on historical trends,&rdquo says Tng, who has raised his target price to $1.14 from 78 cents. He last raised his target price to 78 cents from 66 cents on March 3.

For the current FY2026, Tng, citing Aztech&rsquo s management, warns that macroeconomic and geopolitical uncertainties will weigh on demand amid ongoing cost pressures. &ldquo Against this backdrop, Aztech will focus on progressing its net property income pipeline towards commercial production and securing new project orders from the MedTech and renewable energy segments,&rdquo says Tng.

While Tng has held his earnings forecast for FY2026 to FY2028, he has applied a higher valuation multiple on this counter, due to expected buying support from the Equity Market Development Programme. From an earlier valuation multiple of 13 times FY2027 earnings, Tng figures Aztech should fetch 19 times the average of FY2026 to FY2028 earnings, which is 3 s.d. above its five-year average P/E over FY2022 to FY2026.

Tng says re-rating catalysts include potential new customer wins and more projects from its main customer. In contrast, downside risks include order cancellations due to an economic slowdown affecting demand, and, last but not least, volatile foreign exchange rate movements affecting its financials.

Ling Lee Keng of DBS Group Research has maintained her &ldquo hold&rdquo rating and earnings estimates. Ling flags Aztech&rsquo s margin resilience will likely hinge on maintaining healthy utilisation rates, continued supplier cost management and ongoing productivity improvements from manufacturing and design enhancements.

Having said so, she has raised her target price from 67 cents to 93 cents, to reflect the &ldquo ongoing sector re-rating driven by structurally led growth in the technology space&rdquo . Her higher target price of 93 cents is based on 15 times FY2027 earnings, around +1.5 s.d. above the four‑ year average.
 

 
Tracer63
    07-May-2026 15:29  
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Aztech, 1.01 going to move soon
 
 
Joelton
    30-Apr-2026 09:54  
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Aztech shares jump over 17% CGSI upgrades stock to &lsquo add&rsquo , lifts target 46.2% despite earnings miss

An expected earnings recovery and potential EQDP-driven rally may benefit stock, says analyst

[SINGAPORE] CGS International upgraded Aztech Global : 8AZ +15.43% to &ldquo add&rdquo from &ldquo hold&rdquo and raised its target price for the tech manufacturer by 46.2 per cent to S$1.14, from S$0.78, despite disappointing first-quarter earnings.

The company&rsquo s Q1 net profit, released on Tuesday (Apr 28), came in at S$4 million and missed expectations, but the investment house says earnings recovery is &ldquo likely&rdquo . Its revenue of S$64.7 million was in line with expectations.

CGSI analyst William Tng noted the &ldquo historical seasonality&rdquo of Aztech&rsquo s performance, with Q1 typically the weakest quarter.

&ldquo Despite the slow start to FY2026, we expect Aztech to see quarter-on-quarter improvements in Q2 to Q3, based on historical trends, and retain our earnings forecasts,&rdquo said Tng.

The group&rsquo s Q1 net profit, though 166.7 per cent higher year on year, was just 9 per cent of CGSI&rsquo s and a Bloomberg consensus&rsquo forecasts for the full year and was &ldquo below expectations due to (an) unrealised foreign exchange loss of S$1.8 million&rdquo , said CGSI.

Aztech had benefited from a S$3.1 million gain from the sale of its property in Dongguan, China, but was hurt by the unrealised foreign exchange loss, the investment house said.

However, Tng noted that Aztech secured six new project orders in Q1, with commercial production started during the quarter, as well as added two new customers in the security and renewable energy segments.

&ldquo The project wins and new product introduction progress support medium-term customer and revenue diversification, despite modest early-stage revenue,&rdquo said Tng, citing Aztech&rsquo s management in its Q1 2026 business update released on Tuesday.

Order cancellations due to an economic slowdown affecting demand and volatile foreign exchange rate movements affecting financials are downside risks, he said.

Another boon for Aztech is a potential rally driven by the Equity Market Development Programme (EQDP), said Tng.

With FY2026 to FY2028 forecasts for Aztech unchanged, CGSI sees an earnings recovery with a compound annual growth rate of 7.4 per cent, supported by projected dividend yields of 4.3 to 4.7 per cent

&ldquo EQDP buying support could re-rate Aztech to 19 times, three standard deviations above its five-year average price-to-earnings ratio over FY2022 to FY2026, leading us to raise our target price to S$1.14,&rdquo he said.

Aztech shares rose as much as 17.7 per cent on Wednesday to S$1.03 as at 2.36 pm, with nearly 32 million shares traded.

Year to date, the counter has gone up 57.3 per cent from its S$0.655 closing price on Dec 31, 2025.

It was among the group of tech stocks that staged a rally last week on the back of a stronger-than-expected 15.3 per cent surge in Singapore&rsquo s key exports due to artificial intelligence-linked demand.
 
 
Cadence88
    29-Apr-2026 16:38  
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why nice?  Thought most of the earnings were from the sales of property ?

stlimst      ( Date: 29-Apr-2026 16:14) Posted:

OMG! What a nice set of results.
Vis-a-vis AEM, this one is a must invest stock

Joelton      ( Date: 29-Apr-2026 11:46) Posted:



Aztech Global&rsquo s 1QFY2026 earnings up 166.7% y-o-y to $4 mil secures six new project orders

Manufacturing services provider Aztech Global (SGX:8AZ) has reported earnings of $4.0 million for 1QFY2026, ended March 31, up 166.7% y-o-y. The higher earnings were supported by a gain of $3.1 million from the sale of its property in Dongguan, China in the quarter, offset by lower interest income and unrealised foreign exchange loss.

Revenue in the same period was up 54% y-o-y to $64.7 million, driven by increased demand for IoT devices and data-communication products from existing and new customers. Meanwhile, EBITDA stood at 9.3% of its 1QFY2026&rsquo s revenue.

As at March 31, 2026, net cash generated from operating activities stood at $11.1 million, compared to $18.6 million a year ago. The lower figure was driven by working capital movements arising from an increase in payment to suppliers to secure materials for customer orders.

Meanwhile, Aztech Global secured six new project orders and added two new customers in the security and renewable energy segments in this quarter. Across the same period, six new project orders commenced commercial production.

Aztech Global explains that the project wins and new product introduction (NPI) progress will help support its customer and revenue diversification in the medium term.

Looking ahead, Aztech Global expects macroeconomic and geopolitical uncertainties to weigh on demand amid ongoing cost pressures.

&ldquo Against this backdrop, we will remain focused on progressing its NPI pipeline towards commercial production and securing new project orders from the MedTech and renewable energy segments,&rdquo the company states.

&ldquo Our focus remains on manufacturing excellence and being agile, while we continue with disciplined cost management and broadening of customer base to support long-term growth,&rdquo says Michael Mun, executive chairman and CEO of Aztech Global.

Shares of Aztech Global closed 2 cents higher, or 2.34% up at 87.5 cents on April 28.


 
 
stlimst
    29-Apr-2026 16:14  
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OMG! What a nice set of results.
Vis-a-vis AEM, this one is a must invest stock

Joelton      ( Date: 29-Apr-2026 11:46) Posted:



Aztech Global&rsquo s 1QFY2026 earnings up 166.7% y-o-y to $4 mil secures six new project orders

Manufacturing services provider Aztech Global (SGX:8AZ) has reported earnings of $4.0 million for 1QFY2026, ended March 31, up 166.7% y-o-y. The higher earnings were supported by a gain of $3.1 million from the sale of its property in Dongguan, China in the quarter, offset by lower interest income and unrealised foreign exchange loss.

Revenue in the same period was up 54% y-o-y to $64.7 million, driven by increased demand for IoT devices and data-communication products from existing and new customers. Meanwhile, EBITDA stood at 9.3% of its 1QFY2026&rsquo s revenue.

As at March 31, 2026, net cash generated from operating activities stood at $11.1 million, compared to $18.6 million a year ago. The lower figure was driven by working capital movements arising from an increase in payment to suppliers to secure materials for customer orders.

Meanwhile, Aztech Global secured six new project orders and added two new customers in the security and renewable energy segments in this quarter. Across the same period, six new project orders commenced commercial production.

Aztech Global explains that the project wins and new product introduction (NPI) progress will help support its customer and revenue diversification in the medium term.

Looking ahead, Aztech Global expects macroeconomic and geopolitical uncertainties to weigh on demand amid ongoing cost pressures.

&ldquo Against this backdrop, we will remain focused on progressing its NPI pipeline towards commercial production and securing new project orders from the MedTech and renewable energy segments,&rdquo the company states.

&ldquo Our focus remains on manufacturing excellence and being agile, while we continue with disciplined cost management and broadening of customer base to support long-term growth,&rdquo says Michael Mun, executive chairman and CEO of Aztech Global.

Shares of Aztech Global closed 2 cents higher, or 2.34% up at 87.5 cents on April 28.

 
 
Tracer63
    29-Apr-2026 15:43  
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Hold
 
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