0727 GMT - Aztech Global's 2025 outlook is poised to be challenging after its 1Q performance was dismal, CGS International's William Tng says in a research report. The miss to the brokerage's 1Q revenue and net profit forecasts for Aztech Global was due to reduced demand from the company's customers. Given the escalation in the U.S.-China trade conflict, the Singapore-listed company's revenue outlook could be weak over 2025-2027, prompting the brokerage to slash its revenue forecasts for Aztech Global by 41.6%-42.9% over that period. The brokerage cuts the stock's rating to reduce from hold and the target price to S$0.41 from S$0.67. Shares are 1.8% lower at S$0.555. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 17, 2025 03:27 ET (07:27 GMT)
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