The commercial ramp-up of AEM’s newly developed, next-gen high density modular test platform for a key customer, represents a multi-year opportunity for the group, says DBS.
“Earnings projected to grow at 75.6% CAGR from FY16-FY19F but earnings visibility extends well beyond the next three years,” says the broker.
SINGAPORE (May 23): DBS Vickers likes AEM Holdings, the global provider of high-end test handlers, giving it a target price of $3.35 as the shares currently trade at $2.61.
In an unrated report on Tuesday, DBS says years of engineering investments for AEM are starting to bear fruit.
