Analysts optimistic on Aztech’s 2H21, but highlight component shortage risks

Analysts from CGS-CIMB Research, UOB Kay Hian, Maybank Kim Eng and DBS Group research have given “buy” or “add” ratings on Aztech Global, with target prices of $1.82, $1.86, $1.86, $1.74.

UOB KH and Maybank have kept their target prices unchanged, but CGS-CIMB’s target price has been lowered from its previous figure of $1.91. DBS also lowered its target price to $1.74 from $1.85.

CGS-CIMB’s William Tng and Darren Ong write that the lower target price was due to them taking into account operational risks from component shortages and Covid-19 related supply chain disruptions.

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