Aztech Global's Earnings Visibility Set to Improve -- Market Talk

Dow Jones
05/04

0220 GMT - Aztech Global's earnings visibility is poised to improve, UOB Kay Hian analysts say in a report. The electronics maker secured 27 new projects in 2025 with only eight entering commercial production then, the analysts note. Hence, the company is scheduled to start production for the rest in 2026, which offers a clearer growth pipeline, the analysts add. Also, Aztech Global's Malaysia facility obtained a U.S. FDA registration in January, which strengthens its ability to capture high-value medical technology opportunities. The brokerage lifts its 2026 and 2027 revenue forecasts for the Singapore-listed company by 15% and 22%, respectively. It upgrades its rating on the stock to buy from hold and raises its target price to S$1.32 from S$0.58. Shares are 4.4% lower at S$0.985. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

May 03, 2026 22:20 ET (02:20 GMT)

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