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UOB calls ‘buy’ on Aztech, but Maybank less optimistic at ‘hold’

Lim Hui Jie
Lim Hui Jie • 4 min read
UOB calls ‘buy’ on Aztech, but Maybank less optimistic at ‘hold’
UOB KH and Maybank have given differing calls on the stock. Photo: Samuel Isaac Chua/The Edge Singapore
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Analysts from UOB Kay Hian and Maybank have given differing calls over Aztech Global in the wake of its 3QFY2022 ended September results.

UOB Kay Hian’s John Cheong maintained a “buy” rating on the stock and raised his target price to $1.05 from 99 cents, while Maybank’s Jarick Seet has maintained his “hold” rating and lowered his target price from 83 cents to 79 cents.

The main difference between the analysts is that for Cheong, the company’s 3QFY2022 results were “in line with his expectations” while for Seet, it was “below his expectations”.

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