SGX:8AZElectronic
Aztech Global (SGX:8AZ) Margin Decline Challenges Bullish Earnings Growth Narrative
Aztech Global (SGX:8AZ) posted a net profit margin of 9.2%, down from 11.3% last year, pointing to tightening profitability even as its earnings are projected to grow by 7.1% annually, slightly ahead of the Singapore market’s 6.6% forecast. Revenue is expected to grow at a modest 1.4% per year, lagging behind the market average of 3.8%. Shares currently trade at SGD 0.66, below the estimated fair value of SGD 0.87, and at a notably lower Price-to-Earnings Ratio of 13.7x compared to peers and...