0805 GMT - Aztech Global's customer concentration likely poses a risk to earnings, CGS International's William Tng writes. The Singapore-listed company's management is cautious about the demand outlook from a key customer in 2025, the analyst notes. That risk will likely hurt Aztech Global's 2025-2026 net profit outlook, Tng says. The brokerage cuts its 2025-2026 EPS forecasts for the company by 34%-36%. It downgrades the stock to reduce from add and lowers the target price to S$0.78 from S$1.21. Shares drop 25% to S$0.775. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 30, 2024 04:05 ET (08:05 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。