Cheong writes: “Earnings appear to be a miss versus our FY2024 estimate of $10 million. 3QFY2024 revenue of $74 million was largely in-line, with 9MFY2024 revenue of $248 meeting 69% of our full-year estimate.”
UOB Kay Hian (UOBKH) analyst John Cheong is keeping his “sell” call on AEM Holdings (SGX:AWX
) with a raised target price of $1.10 from $1.04 previously. Conversely, DBS Group Research’s Amanda Tan and Ling Lee Keng are keeping their “buy” call at a raised target price of $1.72 from $1.67 previously.
For the 3QFY2024 ended September, AEM reported a loss of $917,000, and a loss of around $100,000 for the 9MFY2024.
