Aztech...

====Aztech, A Prospective Counter that Sunk...====
The images below are excerpts from SIAS research in july. The report(figures and future prospects) is pretty impressive and has attracted me to buy.

Other driving factors: Provider for Singtel Mio and Skape phone.

Summary:

• 1st half 2007 Net Profit up 25.2% compare to 1st half 2006. Deducting the one-time exceptional gain in 2006. It up by 45.4%!!! Impressive results!


• Financial Position is stronger than 2006(see images for figures) indicates a good and stable growth.


• P/E ratio stand at 13.8, which is the second lowest among its peers. Industrial Average P/E is 18.1. Lowest P/E stands at 11.5, Highest P/E stands at 25.2.


• SIAS give a TP of 0.87!!! I brought at 0.575, if hit target will give me a yield of more than 50%!!!

====Q3 Results====
The 3Q results is totally not fanastic.

• Revenue rose 13.6% to S$185.13 million when compared to 2006


• Net profit increased only 3.1% to S$12.62 from 2006


• Quarter-on-quarter basis, the Group witnessed a 8.9% increase in turnover to S$67.50 million


• Quarter-on-quarter basis net profit declined 28.6% to S$3.59 million....

Credit Agricolor has sold off their holdings and brought a significant drops to its stock prices... The only comforting news is that the company and its' directors kept buying back shares which indicates that they are confidence in the future growth.

====Actions====
An Big Mistake Trusting Brokerage Research(A repeatation of LongCheer...)Keep this counter in my locker and take whatever dividends they give...