UOB Kay Hian has added Aztech to its alpha picks portfolio for February as the Singapore research team believes the counter has been oversold.
“We add Aztech as we believe its share price correction presents a good buying opportunity given that it has a strong orderbook and operations remain intact,” writes the team in its Feb 3 report.
In addition, Aztech’s upcoming results for the FY2021 ended Dec 31, 2021, are expected to be robust, and its current share buyback mandate should support its share price. The company will post its results after market closes on Feb 22.
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