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Aztech Group recorded loss in 3rd Quarter 2011.
http://sgsharemarket.com/home/2011/10/aztech-group-limited-recorded-loss-in-3rd-quarter-2011/
New strategic partnership with SoftAtHome a software provider for Digital Home opens up additional sources of revenue and profits.
MACD signals turning positive...looks like reversal.
Hopefully they have more contracts to come. The 1 Qtr 2010 results wasn't as good as 1 Qtr 2009. Hope that 2 Qtr will be a better quarter for Aztech!
new contract .........more to come.........cliclk to read
yes momentum is coming ..mayb wl pause abit thn carry on
If you want to jump in, you may want to consider the warrant Aztech w121123.....now trading at 4c premium to mother share (used to be 5c-6c).....long maturity period (2 3/4 years to go) and 2.9x gearing.
Of course, if mother share goes down, the gearing works agains you.
drsubaru ( Date: 12-Mar-2010 11:13) Posted:
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Market depth tells me pple slowly accumulating.....
i went into the web site on this food venture.....quite well done up...but the food nothing special.....alittle like wat ppl selling at kopitiam......wanton..prawn roll.....etc.......shld have bussiness also lah...food mah......but profit wld be low ...i think ...tooo much competition....in the market leh........don't leh...may be c for a few QTR loh...........wat to do invested liao....hehehehe......
shplayer ( Date: 11-Mar-2010 09:46) Posted:
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This M Mun, how is he like?
He he.....in the past I have posted my concerns about Az straying into totally unrelated businesses.....remote helicopters, building materials supply, transport, property and now food.
Somehow, M Mun was always able to pull it off. This time, I better reserve my comments....will be interesting to see how this new venture pans out.
hehehe.....wat is KTV har.......KTV got old man meh! or they say they going into KTValso har......hehehe.
drsubaru ( Date: 11-Mar-2010 01:25) Posted:
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So how? Can buy today?
Hehe, KTV, old man say one
lawcheemeng ( Date: 10-Mar-2010 19:40) Posted:
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hahaha.....bao sua bao hi.....wats next baby? transport, property, electronics,food.....hehehe wat next........
AZTECH GROUP VENTURES INTO FOOD INDUSTRY AS PART
OF DIVERSIFICATION STRATEGY
SINGAPORE, 10 March 2010 – Singapore Exchange Mainboard-listed Aztech Group Ltd
(“Aztech”) today announced that its subsidiary Shiro Corporation Pte Ltd (“Shiro”) has
ventured into the canned and frozen food business. Shiro targets the retail and food
services market in Singapore and overseas with the mission of supplying restaurant grade
quality food under the brand name of Jade or “Yu Huang “《玉皇》.
Tapping on the Group’s financial strengths, international sales/sourcing experiences and
worldwide presence, Shiro has partnered with leading HACCP-certified food processing
factories to produce a range of quality products under the Jade brand to capture the growing
frozen and canned food market. According to Datamonitor (December 2008), the global
frozen food market is projected to reach USD 123.2 billion by 2013. Datamonitor’s
December 2009 report also estimated the Asia-Pacific canned food market to reach USD
7.2 billion in 2013, a 17.8% increase from 2008.
As part of the Group’s long-term strategy to enhance shareholder’s value, Shiro will position
itself to capture market share and expand its product offerings to create a new revenue
stream for the Group.
The new business is not expected to have any significant impact on the financial position of
the Group for the current financial year.
None of the Directors or controlling shareholders of the Group has any interest, direct or
indirect, in the above matter other than through their shareholding interests in the Company
OF DIVERSIFICATION STRATEGY
SINGAPORE, 10 March 2010 – Singapore Exchange Mainboard-listed Aztech Group Ltd
(“Aztech”) today announced that its subsidiary Shiro Corporation Pte Ltd (“Shiro”) has
ventured into the canned and frozen food business. Shiro targets the retail and food
services market in Singapore and overseas with the mission of supplying restaurant grade
quality food under the brand name of Jade or “Yu Huang “《玉皇》.
Tapping on the Group’s financial strengths, international sales/sourcing experiences and
worldwide presence, Shiro has partnered with leading HACCP-certified food processing
factories to produce a range of quality products under the Jade brand to capture the growing
frozen and canned food market. According to Datamonitor (December 2008), the global
frozen food market is projected to reach USD 123.2 billion by 2013. Datamonitor’s
December 2009 report also estimated the Asia-Pacific canned food market to reach USD
7.2 billion in 2013, a 17.8% increase from 2008.
As part of the Group’s long-term strategy to enhance shareholder’s value, Shiro will position
itself to capture market share and expand its product offerings to create a new revenue
stream for the Group.
The new business is not expected to have any significant impact on the financial position of
the Group for the current financial year.
None of the Directors or controlling shareholders of the Group has any interest, direct or
indirect, in the above matter other than through their shareholding interests in the Company
| http://i240.photobucket.com/albums/ff80/drsubaru73/2010Mar-AZTECHGROUPLTD-800x600.png Ichimoku chart shows can buy Tenkan has cross Kijun upwards Price action punching above the Kumo Chikou span punching above kumo and price action which is postive MACD crossover not decisive yet.... Vested, early adopters will be rewarded See how this baby flies.... |
FY09 results were good but 4Q09 result very weak due to completion of material supply contract which contributed S$7.1m profit.....nearly half (46% ) of total profit of S$15.4m.
Now they have a whole fleet to tugs and barges..... not fully utilised. 3rd party charter, when it come about, may not be able to cover the void of materials supply business. Perhaps, they can make some capital gains if they sell some of the vessels.
New property business will not show any fruits for sometime.....no project in hand yet.
Hopefully the electronic business (including the new LED lighting) can pick up some, if not all, the slack of the material supply business for 2010.
M Mun has proven to be a resourceful man.....lets see if he can pull some more rabbits out of the hat in 2010......but think 2010 will be tough going.
Aztech also designed the World’s First Eco-friendly 200Mbps HomePlug AV Ethernet
Adaptor (Aztech HL110E) and the World’s Smallest 85Mbps Turbo Ethernet Adaptor
(Aztech HL106E).
The Materials Supply and Marine Logistics sectors of the Group were able to complete the
contractual delivery schedule obligations and recorded revenue of S$99.7 million and added
S$7.1 million profit to the Group in FY 2009.
Commented Michael Mun, Group Chairman and CEO, “We are glad to report another year
of profitability in spite of the global economic crisis and the highly competitive market. This
marks 7 consecutive years of profitability for the Group. Today the Group is much more
diversified and non-reliant on one single sector.
Our recent strategic expansion into the LED lighting business in 4Q 2009 will enable us to
tap on this fast-growing market. I am confident that this will be an additional revenue stream
for the Electronics sector.
The Group will position itself to capitalize on market opportunities while adopting a cautious
stand moving forward. The Group will continue to pursue its diversification strategy for longterm
sustainable growth to enhance shareholders’ value. “
street81 ( Date: 08-Feb-2010 19:30) Posted:
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Aztech Achieves S$280.3 million Revenue
and S$15.4 million Net Profit for Full Year 2009
Net profit for FY 2009 of S$15.4m was up by 26% over FY 2008
Total distribution of dividend payout for FY 2009 of 1.75¢:
- Proposed final dividend of 1.25¢ plus interim dividend paid of 0.5¢
Electronics sector expanded into LED lighting business in 4Q 2009
Singapore, 08 February 2010 – Singapore Exchange Mainboard-listed Aztech Group Ltd
(“Aztech”) today announced 4Q 2009 and January to December FY 2009 financial results
for the period ended 31 December 2009.
Aztech ended FY 2009 with positive results, marking 28 consecutive quarters of profitability
since 2003. Revenue increased from FY 2008 to FY 2009 was marginal at 1.4%. Net profit,
however, increased 26% from S$12.2m in FY 2008 to S$15.4m in FY 2009.
The diversification strategy, financials and cost discipline produced this set of improved
results and a stronger Balance Sheet for FY 2009.
Financials at a Glance:
Operational Update
Revenue for the Electronics sector increased to S$45.4 million in 4Q 2009 from S$43.7
million in 3Q 2009. Business remains resilient and continued to stay profitable. The
Electronics sector horizontally expanded into the design and manufacture of eco-friendly,
energy saving LED lighting products in 4Q 2009 to capture growing LED lighting market
opportunity. In the broadband and home networking product category, Aztech continues to
innovate new products especially for the Fiber-To-The-Home (FTTH) market with an
upcoming GPON Optical Network Terminal (ONT) device for lightning-fast speed up to
1,000Mbps or 1Gbps.
FY09
(S$'m)
FY08
(S$'m)
Change
(%)
4QFY09
(S$'m)
4QFY08
(S$'m)
Change
(%)
Turnover 280.27 276.45 1.4% 50.56 71.10 (28.9%)
Gross profit 37.43 40.48 (7.5%) 5.97 9.54 (37.4%)
GP margin 13.4% 14.6% (1.2%) 11.8% 13.4% (1.6%)
Net profit after tax 15.42 12.23 26.0% 1.64 2.43 (32.5%)
Net margin 5.5% 4.4% 1.1% 3.2% 3.4% (0.2%)
EBDITA 30.42 24.75 22.9% 4.21 5.28 (20.3%)
Basic EPS (cents) 3.75 3.01 24.6% 0.32 0.60 (46.7%)