AEM Holdings (AEM)

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.

Results

AEM Holdings announces net profit of $15.6 mil for 1QFY2023, down 61.8% y-o-y

AEM says the exceptionally high base set in 1QFY2022 was due to the volume ramp up to support its key customer’s new platforms.

Broker's Calls

CGS-CIMB stays 'neutral' on tech manufacturing sector, expects to see weak y-o-y revenue growth or declines in 1QFY2023

Among the companies, analysts William Tng and Izabella Tan expect Aztech to post the best y-o-y net profit growth for 1QFY2023.

Broker's Calls

CGS-CIMB sees AEM's 'possible recovery' from 2HFY2023 and potential earnings recovery for FY2024

On the company's share price decline, CGS-CIMB believes that the market has priced in a weaker performance for the FY2023.
DBS downgrades AEM to 'sell' as it sees 'testing times' ahead - THE EDGE SINGAPORE

Broker's Calls

DBS downgrades AEM to 'sell' as it sees 'testing times' ahead

The team at DBS has also lowered its target price to $2 from $3.19 previously.
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