AEM Holdings (AEM)

SIAS poses questions to AEM Holdings following announcement on shortfall in inventories - THE EDGE SINGAPORE

Company in the news

SIAS poses questions to AEM Holdings following announcement on shortfall in inventories

SIAS sends a letter with a series of questions to AEM Holdings, following recent announcements of shortfall in inventories.
AEM’s shortfall in inventory attributed to human error - THE EDGE SINGAPORE

Company in the news

AEM to book between $18 million and $25 million from inventory shortfall in inventory, human error cited

The value and PBT adjustments that were estimated to be around $18 million to $25 million will be adjusted down in the 4QFY2023.
Chip recovery to help manufacturing turn corner in 2024 - THE EDGE SINGAPORE

Sector Focus

Chip recovery to help manufacturing turn corner in 2024

Singapore's semiconductor segment has already seen a bottoming and is staging a return in the coming year.

Results

AEM Holdings net profit down 96.9% y-o-y for 9MFY2023

The company has kept its revenue guidance for the whole of FY2023 to be between $460 million and $490 million.

Broker's Calls

CGS-CIMB upgrades AEM to ‘add’ with higher TP of $4.11

The company is estimated to see a recovery in net profit in FY2025 as demand from its key customer, Intel, returns.

Broker's Calls

Brokers' Digest: CDL, Centurion, Food Empire, Delfi, Nanofilm, AEM

See what the analysts have to say this week.
KGI keeps ‘buy’ on AEM after seeing ‘positive signs’ from Intel - THE EDGE SINGAPORE

Broker's Calls

KGI keeps ‘buy’ on AEM after seeing ‘positive signs’ from Intel

KGI Research has given AEM a target price of $4.15.
Maybank upgrades AEM to 'hold' after US$20 mil settlement reached with Advantest - THE EDGE SINGAPORE

Broker's Calls

Maybank upgrades AEM to 'hold' after US$20 mil settlement reached with Advantest

The brokerage has also increased its TP to $3.90 from $2.72 previously.

Semiconductor

UMS, AEM, Grand Venture Tech and Venture Corp to benefit from semicon trade diversification: DBS

Singapore is in a good place for companies that are looking to diversify their strategies, say the analysts at DBS Group Research.
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