Aztech Global

[weijian]

Another noticeable thing about Aztech Global would be its new Pasir Gudang mfg base. Across the straits, there are plenty of contract mfg-ers whom have flew into space taking advantage of the FX differential (sales in USD and cost in RM). Completed CAPEX and lower operating costs bode well for shareholders if future business orders hold up.

Aztech Global H1 net profit up 8.7% to S$46.7 million

Revenue for H1 fell 4 per cent to S$373.2 million from S$388.6 million the year before, the Internet of Things (IoT) devices and data communications product manufacturer reported on Tuesday (Jul 30).

Earnings per share stood at 6.04 Singapore cents, up from 5.56 cents the previous year.

For the half year, an interim dividend of five Singapore cents per share was declared.

https://www.businesstimes.com.sg/compani...-7-million

Order book has halved from 3 months ago, and at its lowest since IPO. From Mgt talk, I suppose Blink Home's security cameras are at the end of its life cycle OR Aztech Global's supplier status has been de-prioritized.

The order book trend and guidance suggest that it probably wouldn't be able to "enjoy" its lower cost base.

Date Order book (mil)

Oct-24 142
Jul-24 304
Apr-24 456
Feb-24 334
Oct-23 323
Jul-23 595
Feb-23 718
Nov-22 820
Jul-22 827
Feb-22 762
Jun-21 530
Mar-21 500
Dec-20 270

AZTECH GLOBAL REPORTS 9M 2024 REVENUE OF $539.9 MILLION

As of 1 October 2024, the Group secured an order book totalling $142 million. Majority of the orders are scheduled for completion in the current financial year. With lower order book, the Group expects a slower 4Q 2024. The Group will continue with stringent cost management.

The Group will focus on enhancing its design and manufacturing capabilities. It will also increase and diversify its customer base, including exploring M&A opportunities to expand its business.

I can't find the value of its latest order book (as of Feb2025). So I reckon it should be bad that it wouldn't be published at all. Nonethless, Chairman Mun decided that he's not into roasted pork anymore and has declared a special dividend of 7cent (54mil cash or ~30% of its retained earnings)

FY2024 Results Presentation

The Group has a disciplined approach to cash and capital management over the years. As at 31 December 2024,
the Group’s cash reserve amounted to $311.3 million2 and retained earnings totalled $141.8 million.
▪ In view of the strong cash flow generation, the Board has proposed a dividend of 10 cents per share, comprising:

❑ final ordinary dividend of 3 cents, totalling $23.2 million; and
❑ special dividend of 7 cents, totalling $54 million*

https://links.sgx.com/FileOpen/FY2024%20...eID=834152