Aztech   

Aztech: 1H FY06 Net Profit Up 75%

For bull market, it is better to accumulate the parent stock before xrt so that it will give you whole lots rather than fractional lots as it is troublesome to sell.

 

It looks like Aztech is a good bet.  Might go up further.

 

Hi Grey, there is a AztechR250 counter, you may sell there for your odd lots.

 

Hey ken888, thanks man.

U see, in my CDP account, i have 2500 Aztech R. When i try to sell all in the morning, i was being prompt unable to sell due to the odd lots of 2500. So does that means that i can only sell 2000 of them and have to hold on to the balance of 500. Or can i sell all of them thru the Aztech R250....

Many many thanks again....

 

R is 1000 rights. R250 is 250 rights.  You may have Rights in 1000's, so you don't have R250.

 

Hey guys, anyone can help me on this...

Aztech issue 2 kinds of rights, Aztech R and Aztech R250....wat's the difference. My CDP account show only Aztech R leh...

Thank you very very much....

 

Aztech signs MOU with Telekom R&D to develop new products such as IPTV... Press release on SGX also states that Aztech is No. 1 wireless provider in Malaysia and has received many accolades from Hardware Magazine and PC3 Magazine...

 

Wrt offer of 1 for 4.

Ex-date 20 Jun

Rts trading period : 27 Jun to 5 July.

Rts Closing date : 11 July

 

Aztech Systems
Growth with sustainable high margins
BUY S$0.54; Price Target : 12-Month S$ 0.76 (Prev. S$0.67)

Story: We visited Aztech?s manufacturing facilities in Dongguan, China
where we had an opportunity to engage management on its future direction.

Point: There are three major takeaways from the visit: (i) Capacity
utilisation for the second quarter is healthy at about 80% levels and more
capacity may be added in the near term (ii) Launch of new products every
year and the ability to secure high-margin contract manufacturing (CM)
projects should help to sustain margins. (iii) The company has solid
fundamentals with over 50 customers across Asia, Europe and US, as opposed
to dependence on a few big customers. Overall, we are confident that
management can meet our FY07 estimates and we have revised our FY08
estimates upwards by 6% on the back of higher earnings expectations from
new products launched in FY07.

Relevance: Maintain BUY at revised target price of S$0.76 pegged at 10.2x
on average earnings in FY07-FY08, which is at 20% discount to the sector
average. This translates into an undemanding PEG of 0.35 over our FY06-FY08
forecast. Despite the stock price running up by more than 50% since the
beginning of 2007, valuations remain attractive at 8.1x FY07 and 6.6x FY08
earnings.

 

hi 

  just a few questions on the warrant issue.

    anyone know how do we pay for subscribing to warrants?
  is it same way as rights ? pay thru ATM or send cheque to CDP?

how do we also convert warrants to shares if share price
over exercise price of 51 cents? do we need to contact CDP or the share agents of aztech or is there option in POEMS trading s/w to convert warrant to share?

s'pre guy i think u might find the price cheonging a bit more earlier. if u noticed the news on Aztech, they took all the main Spore brokers for company visit.
just 1 or 2 reports is all it needs to move up.
notice today, it touched 52 although it was being held below 51 for last 3 - 4 days.

 

Warrants Offer of 1 for 4 @2c.

Ex-date : 20 Jun 2007

So stock price may stay put around 50c for longer duration, thus next ht of 63c may take longer than expected.

 

 

Hi may i know what is CR ? what  it mean ?

 

Why is issuing rights and warrants a good thing man? Its supposed to dilute eps and # of shares in the market man... Could there be something more to this?

 

annouce issuing rights and warrants today

 

Thanks for the info! Whose target price is above 60c? And i thought XOIP and Skype were old news already?

 

aztech sells xoip, skype...targets raised to above 60cts

 

Saw Aztech indicated as CR in the SGX.

 

What's happening to Aztech?

 

Sporeguy and Singaporegal will make a formidable TA team... :)