UOB Kay Hian analysts John Cheong and Clement Ho have maintained their “buy” rating with an unchanged target price of $1.86 for Aztech Global after a conference call with the company’s management team.

In a June 25 report, Cheong and Ho listed three reasons behind their optimism on the counter.
Firstly, Aztech manufacturing plant in Dongguan, which accounts for 80% of the group’s production, has not experienced any disruption in production for the entire 1HFY2021. 

Some 70% of the group’s staff in its Dongguan plant have been vaccinated, with a target to fully vaccinate every staff by end July. In addition, Aztech has put in place various prevention measures such as restricting outside visitors and only allowing its own staff to handle cargo. 

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