0444 GMT - Aztech Global's earnings are likely to recover in 2026-2028, CGS International's William Tng says in a research report. Its revenue jumped 54% in 1Q thanks to increased demand for Internet-of-Things devices and data-communication products from existing and new customers, the analyst notes. According to the management, the company secured six new project orders and added two new customers in the security and renewable energy segments for 1Q. The project wins and progress of its 'New Product Introduction' pipeline support medium-term customer and revenue diversification. The brokerage raises the stock's rating to add from hold and the target price to S$1.14 from S$0.78. Shares are 15.4% higher at S$1.01. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 29, 2026 00:44 ET (04:44 GMT)
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