Home Capital Broker's Calls

Aztech’s share price correction ‘overdone’; dip is ‘good buying opportunity’: UOBKH

Lim Hui Jie
Lim Hui Jie1/10/2022 3:40 PM GMT+08  • 3 min read
Aztech’s share price correction ‘overdone’; dip is ‘good buying opportunity’: UOBKH
UOB Kay Hian thinks that Aztech's businesses are still robust, despite its share price falling about 30% since its IPO.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

UOB Kay Hian analysts John Cheong and Clement Ho have maintained their “buy” call on Aztech Global, but with a lowered target price of $1.55 from $1.70 previously.

The lower target price is pegged to an unchanged FY2022 earnings of 13.3 times, which is still pegged to Aztech’s Singapore peers’ average, write the analysts in a Jan 10 report.

“We continue to like Aztech as the proxy to high-growth IoT products, where we believe orders are just starting to ramp up in 2021 and would sustain into 2022,” they add.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.