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DBS and Maybank maintain 'buy' on Aztech, but warn of earnings risks

Lim Hui Jie
Lim Hui Jie2/24/2022 05:21 PM GMT+08  • 3 min read
DBS and Maybank maintain 'buy' on Aztech, but warn of earnings risks
Analysts have kept their 'buy' calls on Aztech, although they do note the tight supply chain as a risk.
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Analysts from DBS Group Research and Maybank have maintained their “buy” calls on Aztech Global, but lowered their target prices from $1.54 and $1.26 respectively to $1.48 and $1.13.

Both DBS’ Ling Lee Keng and Maybank’s Lai Gene Lih have noted Aztech’s “remarkable” results for FY2021, as well as an expanding orderbook.

Ling writes in a Feb 23 report that “amidst a tough operating environment posed by the global logistical and component challenges, Aztech reported a remarkable set of results with a 33.5% y-o-y jump in net profit.”

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