AEM’s management also expects engagements with 10 of the top 20 global semiconductor companies to result in meaningful revenue contributions in 2HFY2022 and beyond.
The Singapore research team at UOB Kay Hian has added AEM, Keppel Corporation (Keppel Corp) and Singapore Post (SingPost) to its alpha picks portfolio for the month of May.
“We add AEM due to it being a beneficiary of Intel’s aggressive capex plans while Keppel’s inclusion stems from the large value accretion that we believe will materialise in the stock over the next six to nine months post its recent merger and divestment announcement,” writes the team in its May 4 report.
