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CGSI, DBS, UOBKH upgrade Aztech following better-than-expected 2QFY2025 bounce-back

Douglas Toh
Douglas Toh • 5 min read
CGSI, DBS, UOBKH upgrade Aztech following better-than-expected 2QFY2025 bounce-back
In the 2HY2025, Aztech also expects to book a gain of $4.2 million from the sale of its Gelang Patah plant in Johor, Malaysia. Photo: The Edge Singapore
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Analysts have been encouraged by Aztech Global’s (Aztech) 1HFY2025 results, which largely beat expectations.

In the period ended June 30, the group's revenue came in 50.3% y-o-y lower at $185.4 million, down from the $373.2 million reported in the 1HFY2024.

This, CGS International (CGSI) analyst William Tng, notes, formed 59.3% of his full-year forecast, thus beating expectations.

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