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.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。