In the 1QFY2025 ended March 31, Aztech reported revenue of $42 million and earnings of $12.5 million, a fall of 67% y-o-y and 91% y-o-y respectively.
As with other tech players whose production facilities are in Southeast Asia and customers are based in the US, Aztech Global (SGX:8AZ
) looks to be affected by Trump's tariffs.
With this, Maybank Securities analyst Jarick Seet has kept his "hold" call on the stock at a lowered target price of 45 cents from 56 cents previously.
