SGX:8AZ
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...
SGX:A04
SGX:A04Machinery

ASL Marine (SGX:A04) Margins Surge on One-Off Gain, Raising Questions on Profit Quality

ASL Marine Holdings (SGX:A04) posted a standout year, with net profit margins improving to 4.2% from 1.1% and earnings surging 272.3% in the last twelve months, well above the five-year average earnings growth rate of 51.9% per year. The company's strong headline results, however, benefitted from a significant one-off gain of SGD8.1 million, influencing the quality of reported profits. These results put the spotlight on ASL Marine's earnings momentum, but also invite scrutiny as investors...