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)
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