Tan adds that he “[continues] to expect tailwinds for the System Level Test (SLT) industry” due to strong 2QFY20 results from SLT companies Teradyne and Intel, in a July 24 report.
KGI has maintained its “outperform” or “add” call for AEM Holdings, a solutions provider for semiconductor and electronics companies, at outperform, with a new target price of $4.24 from $3.61 previously.
The new target price is formed by KGI analyst Kenny Tan’s 14x P/E peg to FY2020F earnings, which he now sees as “feasible”, given the heightened international recognition the company is receiving from the business and investment crowd.
