One-Stop Financial Services, uSMART Securities Pte Ltd

uSMART Securities

One-Stop Financial Services

uSMART Securities Pte Ltd

uSMART Securities (Singapore) Pte. Ltd (uSMART SG),is a leading securities company regulated by MAS and we hold a Capital Markets Services (CMS) License under the Securities and Futures Act 2001. We provide smart, professional and outstanding one-stop financial services to our clients, to best serve investors' needs and investment journey.

Equity Bottom-Up

<ul><li>Aztech Global is a Singapore-listed electronics design and manufacturing group focused on IoT devices and data-communication products.</li><li>The top two customers accounted for 82% of FY2025 revenue, leaving diversification and newer-programme scaling central to the recovery case.</li><li>The operating backdrop remains weak.</li></ul>

Aztech Global is a Singapore-listed electronics design and manufacturing group focused on IoT devices and data-communication products.The top two customers accounted for 82% of FY2025 revenue, leaving diversification and newer-programme scaling central to the recovery case.The operating backdrop remains weak.

Aztech Global: Measured Earnings Rebuild, but Visibility Risks Cap Re-Rating

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

<ul><li>Over five sessions, directors reported four acquisitions, substantial shareholders recorded five acquisitions and one disposal for 30 primary-listed stocks.</li><li>iWOW Technology completed a S$15.0 million placement at S$0.225 per share, attracting institutional and strategic investors.</li><li>Aztech Global's Executive Chairman increased his stake to 70.3% after acquiring 100,000 shares at S$0.715 per share.</li></ul>

Over five sessions, directors reported four acquisitions, substantial shareholders recorded five acquisitions and one disposal for 30 primary-listed stocks.iWOW Technology completed a S$15.0 million placement at S$0.225 per share, attracting institutional and strategic investors.Aztech Global's Executive Chairman increased his stake to 70.3% after acquiring 100,000 shares at S$0.715 per share.

LGI Accumulates Shares in Valuetronics & iX Biopharma

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
 <li>
<a href="https://smartkarma.com/entities/aztech-global">Aztech Global</a> is a technology-enabled manufacturing partner specializing in Internet of Things (IoT) and data-communication products, facing a period of financial contraction due to subdued demand from key customers.</li>
 <li>The company is actively pursuing a customer diversification strategy, having secured 11 new customers and 22 new projects in 2025 across high-growth segments like MedTech, industrial, and automotive, which are expected to ramp up in 2026.</li>
 <li>Despite recent revenue and profit declines, the company maintains a strong net cash position and a commitment to shareholder returns, evidenced by a high dividend payout ratio and a very attractive dividend yield.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Aztech Global is a technology-enabled manufacturing partner specializing in Internet of Things (IoT) and data-communication products, facing a period of financial contraction due to subdued demand from key customers.
  The company is actively pursuing a customer diversification strategy, having secured 11 new customers and 22 new projects in 2025 across high-growth segments like MedTech, industrial, and automotive, which are expected to ramp up in 2026.
  Despite recent revenue and profit declines, the company maintains a strong net cash position and a commitment to shareholder returns, evidenced by a high dividend payout ratio and a very attractive dividend yield.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Aztech Global (AZTECH SP) - Apr 2026

<ul><li>Yangzijiang Maritime, CAREIT, and Golden Agri-Res will join the iEdge Singapore Next 50 Index on Dec 22. </li><li>Samudera Shipping Line, Nanofilm Tech, and Aztech Global will move to the Next 50 Index Reserve list. </li><li>PropNex, China Sunsine Chemical, Banyan Tree, China Aviation Oil, and CSE Global averaged 59% total returns in 2H25.</li></ul>

Yangzijiang Maritime, CAREIT, and Golden Agri-Res will join the iEdge Singapore Next 50 Index on Dec 22.  Samudera Shipping Line, Nanofilm Tech, and Aztech Global will move to the Next 50 Index Reserve list.  PropNex, China Sunsine Chemical, Banyan Tree, China Aviation Oil, and CSE Global averaged 59% total returns in 2H25.

YZJ Maritime, CAREIT & GAR to Join iEdge Singapore Next 50 Index On Dec 22 

The New Standard in Wealth Management, Wealth Management Alliance

Wealth Management Alliance

The New Standard in Wealth Management

WMA is a Singapore-based multi-family office with a Capital Markets Services license and provide fund management and investment advisory services to a small number of global UHNW clients. We also act as incubator for single-family offices, allowing them to plug into our broader ecosystem and infrastructure, and tap on our investment professionals for advice. WMA is designed around providing truly bespoke advice to each client, rather than taking a one-size-fits-all approach that may not fit each client's investment objectives and risk tolerances. On top of that, we are designed so that we avoid any semblance of conflicts of interests by being compensated only by the client (which may include profit sharing), as opposed to the model that many of our peers adopt, which include compensation from a variety of third parties such as funds managers, distributors or banks. That, to us, is the easiest way to be firmly on the side of the client in every decision we make.

Thematic (Sector/Industry)

<ul><li>Given recent investor wariness over a global AI bubble, we think it is instructive to look at how exposed the Singapore stock market is to the Artificial Intelligence (AI) sector, both directly and indirectly.</li><li>On direct exposure, we identify companies listed on the SGX – mainly in the upstream (including data centres) and midstream segments - which are, to a large or some extent, involved in AI. Downstream AI companies are predominately end-users and applications.</li><li>As a rough guide, the market capitalization of these companies totals around SGD21.3bn, accounting for a relatively small share of about 2.7% of the aggregated capitalization of SGD773bn of the FTSE Straits Times All Share Index (which comprises the top 98% of companies in the SGX Mainboard universe).</li></ul>

Given recent investor wariness over a global AI bubble, we think it is instructive to look at how exposed the Singapore stock market is to the Artificial Intelligence (AI) sector, both directly and indirectly.On direct exposure, we identify companies listed on the SGX – mainly in the upstream (including data centres) and midstream segments - which are, to a large or some extent, involved in AI. Downstream AI companies are predominately end-users and applications.As a rough guide, the market capitalization of these companies totals around SGD21.3bn, accounting for a relatively small share of about 2.7% of the aggregated capitalization of SGD773bn of the FTSE Straits Times All Share Index (which comprises the top 98% of companies in the SGX Mainboard universe).

Singapore

Aztech Global is an electronic design, engineering, and manufacturing solutions provider specializing in Internet-of-Things (IoT) devices and electronic products. The company offers OEM, ODM, JDM, and CMS services, and also develops proprietary 'Kyla' brand smart lighting and vision technology solutions. Headquartered in Singapore, the group was founded in 1986.

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Aztech Global (AZTECH SP)

Aztech Global: Measured Earnings Rebuild, but Visibility Risks Cap Re-Rating

Aztech Global is a Singapore-listed electronics design and manufacturing group focused on IoT devices and data-communication products. The top...

uSMART Securities

LGI Accumulates Shares in Valuetronics & iX Biopharma

Over five sessions, directors reported four acquisitions, substantial shareholders recorded five acquisitions and one disposal for 30...

Singapore Exchange Ltd (SGX)

Primer: Aztech Global (AZTECH SP) - Apr 2026

Aztech Global is a technology-enabled manufacturing partner specializing in Internet of Things (IoT) and data-communication products, facing a...

αSK Primers

YZJ Maritime, CAREIT & GAR to Join iEdge Singapore Next 50 Index On Dec 22

Yangzijiang Maritime, CAREIT, and Golden Agri-Res will join the iEdge Singapore Next 50 Index on Dec 22. Samudera Shipping Line, Nanofilm Tech,...

Singapore Exchange Ltd (SGX)

Singapore Equity Strategy: November 2025

Given recent investor wariness over a global AI bubble, we think it is instructive to look at how exposed the Singapore stock market is to the...

Wealth Management Alliance

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