AEM Holdings (AEM)

Results

AEM records highest annual revenue at $870.5 mil, provides conservative outlook for 2023

The company posted FY2022 earnings of $126.8 million, up 38% y-o-y.

Semiconductor

AEM opens new 365,000 sq ft manufacturing plant in Penang

In its statement, AEM noted that the new plant will help the group tap into the region’s growth opportunities and talents.

Broker's Calls

Maybank Securities downgrade AEM Holdings to 'sell' as margins could be impacted

In addition to the downgrade, Maybank's Jarick Seet has also lowered his target price to $3.08.

Broker's Calls

Analysts mixed on AEM Holdings despite lifted FY2022 guidance; Maybank downgrades to 'hold'

Maybank has also slashed its TP by 50.8%. Meanwhile, CGS-CIMB have raised their FY2022 revenue forecast by 6.3%.
Analysts remain 'overweight' on tech manufacturers despite negative outlook in near-term - THE EDGE SINGAPORE

Broker's Calls

Analysts remain 'overweight' on tech manufacturers despite negative outlook in near-term

Semicon shipments growth to enter negative growth territory, predicts DBS.

Broker's Calls

CGS-CIMB slashes AEM's TP by over 40% on fears of order deferments

The analysts have, however, retained their “add” call as they see AEM's long-term prospects remaining strong.

Results

AEM lifts FY2022 revenue guidance to between $820 mil and $850 mil

This is compared to its previous guidance of between $670 million to $720 million made on Jan 11.

Broker's Calls

DBS downgrades AEM Holdings to 'hold' after key customer Intel plans to reduce headcount

As at 4.26pm, shares in AEM are trading 42 cents lower or 11.44% down at $3.25.
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