AEM Holdings (AEM)

Here's what the analysts have to say this week.

AEM has raised its 2HFY2024 revenue guidance to $190 million to $210 million, up from $160 million to $180 million, due to its key customer bringing forward systems’ order from FY2025 into 4QFY2024.

Maybank's Seet has also downgraded his call on AEM to 'sell' from 'hold', on lowered expectations for its new customers.

AEM Holdings’ sees its 1HFY2024 ended June earnings slashed 96% y-o-y to $822,000.

AEM continues to go through its transitional phase as it disposes of ATECO, DBS keeps ‘hold’ at target price of $1.97.

See what the analysts have to say this week.

Analyst William Tng thinks that investors will only relook the stock in 4Q when 2025 prospects are clearer.

Outgoing CEO Chandran Nair will be replaced by Amy Leong, ex-senior VP and CCO at FormFactor.

Citi and Maybank have downgraded their calls on AEM to "hold" while DBS has kept its "hold" call but lowered its TP estimate.

See what the analysts have to say this week.