SGX:MZH Stock Forecast

Stock Price Forecast

According to 3 analysts polled by S&P Global, SGX:MZH stock has a consensus rating of "Strong Buy" and an average price target of $1.65. The average 1-year stock price forecast is 33.06% higher than the current stock price, while the lowest is $1.40 (+12.90%) and the highest is $1.91 (+54.03%).

Price Target: $1.65 (+33.06%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$1.40	$1.65	$1.65	$1.91
Change	+12.90%	+33.06%	+33.06%	+54.03%

* Price targets were last updated on Apr 24, 2026.

Analyst Ratings

The average analyst rating for SGX:MZH stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Sep '25	Oct '25	Nov '25	Feb '26	Mar '26	Apr '26
Strong Buy	0	0	0	2	2	2
Buy	0	0	0	0	0	1
Hold	1	1	1	1	1	0
Sell	0	0	0	0	0	0
Strong Sell	2	2	2	0	0	0
Total	3	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
John Cheong UOB Kay Hian	UOB Kay Hian	Buy Maintains $0.73 → $1.91	Buy	Maintains	$0.73 → $1.91	+54.03%	Apr 24, 2026
William Tng CGS International	CGS International	Buy Reiterates $0.82 → $1.40	Buy	Reiterates	$0.82 → $1.40	+12.90%	Apr 23, 2026
Ling Lee Keng DBS	DBS	Buy Upgrades $1.65	Buy	Upgrades	$1.65	+33.06%	Apr 23, 2026

Financial Forecast

Revenue This Year

284.17M

from 244.57M

16.19%

from 244.57M

Revenue Next Year

317.30M

from 284.17M

11.66%

from 284.17M

EPS This Year

0.04

from 0.02

104.83%

from 0.02

EPS Next Year

0.05

from 0.04

43.83%

from 0.04

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	246.69M	237.41M	177.02M	204.27M	244.57M	284.17M
Revenue Growth	12.99%	-3.77%	-25.44%	15.39%	19.73%	16.19%
Gross Profit	122.16M	113.86M	65.57M	75.87M	88.43M	110.82M
Gross Margin	49.52%	47.96%	37.04%	37.14%	36.16%	39.00%
Operating Income	68.92M	47.69M	2.85M	9.43M	17.45M	28.67M
Net Income	62.20M	43.81M	3.14M	7.74M	11.80M	24.12M
EPS	-	-	-	-	0.02	0.04
EPS Growth	-	-	-	-	52.54%	104.83%
Forward PE	32.26	13.37	22.43	21.70	26.35	33.63
Dividend / Share	0.02	0.02	0.01	0.01	0.01	0.02
Dividend Growth	-	10.00%	-70.00%	-	81.82%	84.58%
Free Cash Flow	-51.10M	-3.62M	-24.17M	-31.34M	-10.23M	43.24M
No. Analysts	-	-	-	-	-	3

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is SGD.

Revenue Forecast

Revenue	2026	2027	2028
High	308.6M
Avg	284.2M
Low	268.4M

Revenue Growth

Revenue Growth	2026	2027	2028
High	26.2%
Avg	16.2%
Low	9.7%

EPS Forecast

EPS	2026	2027	2028
High	-
Avg	0.04
Low	-

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	104.8%
Low	-