For its FY2024 ended Dec 31 2024, Aztech Global (SGX:8AZ
) reported earnings of $70.5 million, down 29.5% y-o-y on the back of a 30.6% y-o-y drop in revenue to $621.6 million.
Aztech Global has reported lower earnings as expected but the company is trying to make up for it with special dividends.
However, given near term uncertainties over the company’s order wins, CGS International and DBS Group Research analysts have trimmed their target prices for this stock while keeping their “hold” or equivalent calls. Maybank Securities, on the other hand, has upgraded the stock to “buy”.
