Aztech Global Likely in Business Transition -- Market Talk

Dow Jones

02-26

0658 GMT - Aztech Global is likely in a business transition phase, Maybank Research's Jarick Seet says in a report. Seeking to diversify its customer base, management added seven new clients in 2024, which should help offset falling orders from its key customer, the analyst notes. Five new products started commercial production at end of 4Q last year, implying the Internet-of-Things device manufacturer is in a transition phase to grow its client and product base. Maybank upgrades the stock to buy from hold and raises the target price to S$0.82 from S$0.78, partly to reflect the diminishing single-customer concentration risk. Shares are 9.0% higher at S$0.79. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 26, 2025 01:58 ET (06:58 GMT)

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Seeking to diversify its customer base, management added seven new clients in 2024, which should help offset falling orders from its key customer, the analyst notes. Five new products started commercial production at end of 4Q last year, implying the Internet-of-Things device manufacturer is in a transition phase to grow its client and product base. Maybank upgrades the stock to buy from hold and raises the target price to S$0.82 from S$0.78, partly to reflect the diminishing single-customer concentration risk. Shares are 9.0% higher at S$0.79. 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Seeking to diversify its customer base, management added seven new clients in 2024, which should help offset falling orders from its key customer, the analyst notes. Five new products started commercial production at end of 4Q last year, implying the Internet-of-Things device manufacturer is in a transition phase to grow its client and product base. Maybank upgrades the stock to buy from hold and raises the target price to S$0.82 from S$0.78, partly to reflect the diminishing single-customer concentration risk. Shares are 9.0% higher at S$0.79. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 26, 2025 01:58 ET (06:58 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6062","symbol_name":"电子制造服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514001529","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514001529","pubTimestamp":1740553080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0658 GMT - Aztech Global is likely in a business transition phase, Maybank Research's Jarick Seet says in a report. 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Seeking to diversify its customer base, management added seven new clients in 2024, which should help offset falling orders from its key customer, the analyst notes. Five new products started commercial production at end of 4Q last year, implying the Internet-of-Things device manufacturer is in a transition phase to grow its client and product base. Maybank upgrades the stock to buy from hold and raises the target price to S$0.82 from S$0.78, partly to reflect the diminishing single-customer concentration risk. Shares are 9.0% higher at S$0.79. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 26, 2025 01:58 ET (06:58 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}