Aztech   

Aztech

You are right, stevento.

TA for this counter all point to a bullish trend.

Cheers

 

With the drop in electronics export to 3.8% in October,
the electronics sector may see a down turn affecting growth potential
and earnings for FY2007.

I wonder if Aztech will be affected by the turn of events.
But currently, it looks a good value with profits up 75% and revenue rising > 20%. Gross margin at 19%

A good buy and the prices seen moving up during the week.

 

Aztech's price up on contract win for 2 m DECT Phones worth US$40 m from Binatone.



The win is expected to contribute to the profitability for FY2006 to 2008.

 

Just as expected. Aztech rose on 1st and last day of plant visit. Then out comes a positive report from DBS.

 

STOCK ALERT - Singapore's MediaRing, Aztech higher on strong VoIP demand SINGAPORE (XFN-ASIA) - Internet telephony service provider MediaRing and maker of modems and telephones Aztech Systems were higher because they are expected to benefit from demand for voice over Internet protocol (VoIP) service, dealers said. In early trading, MediaRing was up 0.03 sgd or 8.33 pct at 0.39, on volume of 18.15 mln shares. Aztech was up 0.02 sgd or 7.02 pct at 0.305, with 6.97 mln shares traded. "We believe VoIP could emerge as a major investment theme this year, driven by the rising popularity of low cost but effective Internet telephony services," DBS Equity Research said in a note to clients. "VoIP telephony has registered sharp growth in recent years. One of the strongest leading indicators is the rising subscription for the popular Skype service. The subscriber base expanded from 41.0 mln in the first quarter of 2004 to 74.70 mln in the fourth quarter of 2005," DBS said. "We believe Aztech and MediaRing are well positioned to benefit from the migration towards Internet telephony service, which is cheaper and cost effective," it said. DBS rates MediaRing a "buy", with a fair value of 0.42 sgd per share. It also rates Aztech a "buy", with a fair value of 0.35 sgd. (1 usd = 1.61 sgd) singapore@xfn.com

 

last thu closed .026 and fri 0.285 hopefully this wk shoot pass 0.30

 

singaporegal,,,,,,thanks for the alert

 

Congrats DL20006! I think Aztech is on uptrend now. RSI and A/D line is moving up. I think the trend will continue for the next 2-3 days. From the Chaikin Oscillator, the trend could change pretty soon. you gotta be ready to pull out as soon as that happens.

 

Aztech up on the 1st and last day of the plant visit.

 

ya managed to get some today.....

 

hey DL2006, are you vested in this stock?

 

Aztech good support whilst others are down for last couple of days....some upside soon

 

Aztech is up because it's the start of a 4-day visit by analysts to their plant in Dongguan, China. More details below: http://www50.brinkster.com/shareportal/companies/events.asp They may issue positive reports.

 

Novocaine.. haha.. yeah. I'm a pure TA gal! I mainly use this step by step approach to find stocks to buy- (1) Using Accumulation/Distribution to look for divergences in price and the A/D line. (2) Once I find stocks in (1), I then look for double affirmation using RSI. If RSI is uptrending, its just confirms (1) (3) Once (1) & (2) are established, I will use Williams %R to determine if its too overbought to buy. Ideally, the stock should be oversold. So, once (1), (2) and (3) are all in place, I will buy the stock. That's my technique. So far, my accuracy is about 70-80%. I buy and sell the stock within a period of 2-4 weeks. Profit margin is about 15-20% overall.

 

Extracted from my blog [url]http://kelongstocks.blogspot.com[/url] Do remember to support my blog, thanks :) [B]Fundamental Analysis[/B] Aztech expects FY2006 performance to be better than FY2005 due to increasing sales and the impending introduction of new products with rich features. These new products will be introduced at the CeBIT 2006 Exhibition to be held in Hannover, Germany in March 2006. Aztech is also the number one player in wireless networking in Malaysia. Forecast revenue growth of 25% and net profit growth of 40% (due to the fact the net profit base is low as operating expenses will not increase as fast as operating profits). Trades at a relatively undemanding forecasted Price/NTA of 1.3x. Dividend yield is based on 20% of net profits (dividend policy) and estimated yieldis 2.7% for FY2006 based on current price. ................ continued at my blog

 

Extracted from my blog http://kelongstocks.blogspot.com Please remember to support my blog, thanks :) Prices broke out of a double-bottom formation on 15 Mar 2006, right bottom looks like a rounding bottom formation. Technical target from breakout is 28 cents. After consolidating for 2 days upon breakout (in which prices tested the resistance turned support of 22.5 cents), prices resumed uptrend and have held above the new support at 24 cents. A bearish hanging man formation on 21 Mar 2006 was formed after establishing a new high the previous session. ..........continued at my blog

 

hehe..u pure TA gal ar singaporegal? Teach me more lei..I am still new to TA..hee..:)

 

I don't listen to financial analysts and newspaper reports too much when I do trading .... I just rely on my charts and so far they have served me quite well. haha.. :)

 

heh..i used to own courage marine..was attracted by the high div yield..but with BDI performing rather poorly i dun tink it can sustain its yield if it doesnt expand its fleet..expansion ongoing but i just dun feel good bout the company..so i let go only two days ago..made a small profit..but today DMG issued buy call..n price went up..irritated....so i kinda agree with the article.. as 4 aztech I am not too sure if its a good buy..coz there might be other companies worth looking at.. juz my two pence thots..:) One mans meat is anothers poison.. so yeah..:)

 

I mostly try to avoid stocks which have too much hype attached to it. Its too prone to artificial fluctuations and this makes the risk so much higher for technical analysts like myself. Haha.. I didn't touch a single China stock.