On the other hand, the 145% tariffs that US is slapping on China will impact Aztech given its sizable manufacturing footprint in both China and Malaysia, is going to hurt.
Maybank Securities, citing how fundamentals have changed, has downgraded Aztech Global (SGX:8AZ
) from "buy" to "hold" along with a sharply reduced target price of 63 cents from 82 cents previously.
Aztech generates 79% of its revenue selling to US via its single largest customer, according to analyst Jarick Seet in his April 11 note.
