Aztech Global

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Aztech Global files draft IPO prospectus, 18 cornerstone investors named
https://www.theedgesingapore.com/news/i ... tors-named

[winston]

Aztech Global launches IPO on SGX Mainboard, to raise gross proceeds of $297.0 mil

by Felicia Tan

Aztech Global, the technology unit of Aztech Group, has launched 68.12 million shares priced at $1.28 each through its initial public offering (IPO) on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST) on March 4.

Aztech says it intends to use the proceeds primarily for the expansion and enhancement of the group’s manufacturing facilities, as well as expansion of the group’s business including investments, mergers and acquisitions and joint ventures.

According to a press release, Aztech’s key products include Internet of things or IoT devices, Data-communication products and LED lighting products supported by its core strength in research and development (R&D), design, engineering and manufacturing.

As at Feb 15, Aztech’s outstanding order book stood at around $307.9 million, all of which are expected to be delivered or completed within FY2021.

From FY2017 and FY2019, the group’s EBITDA grew at a compound average growth rate (CAGR) of 80.7% from $19.7 million to $64.3 million.

During the same period, the group’s net profits climbed at a CAGR of 106.5% from $11.1 million to $47.2 million.

For the 9MFY2020 ended September, Aztech saw 19.6% lower revenue y-o-y at $262.2 million, though EBITDA stood at similar levels at $44.0 million from $47.2 million in the 9MFY2019.

The public offer will close at 12pm on March 10. The listing and trading of Aztech’s shares is expected to commence at 9am on March 12.

Source: The Edge

https://www.theedgesingapore.com/news/i ... s-2970-mil

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To be sure, the 42-cent offer is a 57 per cent discount to Aztech's revalued net asset value (NAV).

Exit offers - weigh your options objectively
https://www.straitstimes.com/business/c ... bjectively

[winston]

not vested

Aztech Global received applications from retail investors for 18.4 times the number of shares available in the public portion of its initial public offering (IPO), it announced on Thursday.

With 3.5 million shares available to the public for subscription, it received 4,143 valid applications for about 64.42 million shares, with application monies received amounting to some S$82.5 million.

Additionally, the company, which is in the business of the Internet of Things (IOT) and data communication, received indications of interest for about 1.06 billion placement shares, of the 64.62 million available.

This results in its placement shares being some 16.4 times subscribed.

Source: Phillips

[winston]

not vested

One-stop electronics manufacturing solution

AZTECH’s net profit posted a 107% CAGR (FY17-19) to S$47.2m as management shifted its strategic focus to IoT and smart lighting products.

Profit margin/EBITDA margin expanded from 2.9%/5.2% in FY17 to 11%/15% in FY19, driven by higher-margin smart lighting and IoT products.

The global IoT device market is expected to deliver 20.8% CAGR (FY19-23F), offering a US$425bn opportunity, according to Frost & Sullivan.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... 601EC1067E

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UOB buys additional 3.6 mil Aztech Global shares, ceases stabilising action
https://www.theedgesingapore.com/capita ... ing-action

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Aztech reports earnings growth of 18% for FY20, declares DPS of 2 cents
https://www.theedgesingapore.com/news/r ... ps-2-cents

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Aztech’s 1H earnings more than double to $29.4 mil
https://www.theedgesingapore.com/capita ... le-294-mil

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Aztech says net profit in 2021 is at a new high
https://www.theedgesingapore.com/capita ... 1-new-high

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Aztech Global posts 5.3% higher net profit of $13.9 mil for 1QFY2022
https://www.theedgesingapore.com/capita ... l-1qfy2022