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wehuattogether88 Supreme	16-Jan-2024 11:26        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like a Technical rebound for AEM. All bad news taken into consideration by the stock price drop yesterday I think.
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ruanlai Elite	16-Jan-2024 11:24        ruanlai About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Will be reporting losses liao for this qtr and in fact the whole FY23. Big players now are doing pump and dump..... Avoid from now! Well saying when elephants fight Ants died. Dyodd
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uiop1223 Supreme	16-Jan-2024 07:40        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Inventory is asset and now needs to write off, which is expense. Expense decreases profit huattuatua      ( Date: 15-Jan-2024 14:00) Posted: my accounting not too good, can any guru provide any guidance to me that will this overstating of inventory affect its earnings. TIA
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Alignment Elite	15-Jan-2024 19:10        Alignment About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Agree.  It' s also not clear what has actually happened to the inventory. Did it literally get lost between Singapore and Penang? That needs to be clarified. 5-7% - that' s like more than 1 in 20 items. Not easy to miss! investshare      ( Date: 15-Jan-2024 15:24) Posted: The impact is not the absolute amount itself, but the significance is in its governance and compliance. Those in finance and audit will know, inventory is one of the most rigorous checked item. If this can go wrong, nothing else is safe.
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s100125 Elite	15-Jan-2024 15:54        s100125 About Contact  Quote this Post!
x 0   x 0  Alert Admin	ruanlai      ( Date: 15-Jan-2024 14:53) Posted: Below $2.80 confirmed....... Run road else pants drop! dyodd
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investshare Supreme	15-Jan-2024 15:24        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	The impact is not the absolute amount itself, but the significance is in its governance and compliance. Those in finance and audit will know, inventory is one of the most rigorous checked item. If this can go wrong, nothing else is safe.
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tongphlp Supreme	15-Jan-2024 15:22        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	CEO days are numbered. investshare      ( Date: 15-Jan-2024 14:01) Posted: If I am not wrong, this is a Temasek company.
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FATABA Supreme	15-Jan-2024 15:15        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	can kindly share it here ?  huattuatua      ( Date: 15-Jan-2024 14:02) Posted: ok just read the cimb report, i m clearer now😀 huattuatua      ( Date: 15-Jan-2024 14:00) Posted: my accounting not too good, can any guru provide any guidance to me that will this overstating of inventory affect its earnings. TIA
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ruanlai Elite	15-Jan-2024 14:53        ruanlai About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Below $2.80 confirmed....... Run road else pants drop! dyodd
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112233 Master	15-Jan-2024 14:46        112233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	How can we trust whatever numbers they project from now on ? Is this another Hyflux in the making ? Very angry and dissapointed.  tongphlp      ( Date: 15-Jan-2024 13:03) Posted: Exactly! Let' s call for the CEO to step down! Nonsense! 112233      ( Date: 15-Jan-2024 11:45) Posted: Run while u still can. How can such a major blunder happend ?
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huattuatua Elite	15-Jan-2024 14:02        huattuatua About Contact  Quote this Post!
x 0   x 0  Alert Admin	ok just read the cimb report, i m clearer now😀 huattuatua      ( Date: 15-Jan-2024 14:00) Posted: my accounting not too good, can any guru provide any guidance to me that will this overstating of inventory affect its earnings. TIA
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investshare Supreme	15-Jan-2024 14:01        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	If I am not wrong, this is a Temasek company.
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huattuatua Elite	15-Jan-2024 14:00        huattuatua About Contact  Quote this Post!
x 0   x 0  Alert Admin	my accounting not too good, can any guru provide any guidance to me that will this overstating of inventory affect its earnings. TIA
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rlong8288 Master	15-Jan-2024 13:54        rlong8288 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Poor Management, Inventroy manaGEMENT suck....... profit.......your guess tongphlp      ( Date: 15-Jan-2024 13:44) Posted: funny....also CEO not aware? can' t be right...i smell a rat.. hokpin      ( Date: 15-Jan-2024 09:05) Posted: Inventory overstated. A listed company like this also can?
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tongphlp Supreme	15-Jan-2024 13:44        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	funny....also CEO not aware? can' t be right...i smell a rat.. hokpin      ( Date: 15-Jan-2024 09:05) Posted: Inventory overstated. A listed company like this also can?
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tongphlp Supreme	15-Jan-2024 13:03        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Exactly! Let' s call for the CEO to step down! Nonsense! 112233      ( Date: 15-Jan-2024 11:45) Posted: Run while u still can. How can such a major blunder happend ?
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112233 Master	15-Jan-2024 11:45        112233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Run while u still can. How can such a major blunder happend ?
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spore1 Supreme	15-Jan-2024 11:36        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let it settle down first! It may take a few days. tongphlp      ( Date: 15-Jan-2024 11:07) Posted: Hot stock: AEM shares down 7.1% at Monday&rsquo s open on inventory shortfall Mia Pei Published Mon, Jan 15, 2024 · 10:20 am  Updated Mon, Jan 15, 2024 · WATCH OUT!    spore1      ( Date: 15-Jan-2024 10:46) Posted: I think $3.00 soon!
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tongphlp Supreme	15-Jan-2024 11:09        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	the sky is falling... Temasek has shares in AEM so there should be a probe into wrong doing (if any)...loss in investors' confidence in this mickey mouse stock MambaFinancial89      ( Date: 15-Jan-2024 10:42) Posted: CGSCIMB: AEM (Add, TP S$3.76) - What happened?  What happened? AEM just announced that a shortfall in the Group&rsquo s inventories has been uncovered as a result of its year-end 2023 internal stock-taking exercise.  Preliminary estimate suggests that the Group&rsquo s inventories are anticipated to be between 5% to 7% lower than the September 2023 figure of S$358.6m. The stock take is still on-going.  AEM has attributed the shortfall to human error in transactions with the Group&rsquo s ERP system during the migration of production to the Group&rsquo s Penang facility from Singapore. These errors were not detected by the existing controls and processes that are in place. AEM anticipates that the shortfall will have a negative impact on the Group&rsquo s profitability for FY23F. What we think? Assuming a 7% lower inventory level, a downward S$25.1m adjustment could possibly be made to FY23F net profit, turning our headline S$8.6m net profit expectation for FY23F into a possible S$16.5m loss instead. What to do? Short-term (1H24F) Share price impact will be negative when market opens on Monday. We see possibly -12% downside to the technical support at S$3.00. Long-term (FY25F) Long-term recommendation based on FY25F outlook remains an Add assuming that orders from key customer returns and AEM is able to convert engagements with other customers that it is developing into positive net profit.
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tongphlp Supreme	15-Jan-2024 11:07        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hot stock: AEM shares down 7.1% at Monday&rsquo s open on inventory shortfall Mia Pei Published Mon, Jan 15, 2024 · 10:20 am  Updated Mon, Jan 15, 2024 · WATCH OUT!    spore1      ( Date: 15-Jan-2024 10:46) Posted: I think $3.00 soon! MambaFinancial89      ( Date: 15-Jan-2024 10:42) Posted: CGSCIMB: AEM (Add, TP S$3.76) - What happened?  What happened? AEM just announced that a shortfall in the Group&rsquo s inventories has been uncovered as a result of its year-end 2023 internal stock-taking exercise.  Preliminary estimate suggests that the Group&rsquo s inventories are anticipated to be between 5% to 7% lower than the September 2023 figure of S$358.6m. The stock take is still on-going.  AEM has attributed the shortfall to human error in transactions with the Group&rsquo s ERP system during the migration of production to the Group&rsquo s Penang facility from Singapore. These errors were not detected by the existing controls and processes that are in place. AEM anticipates that the shortfall will have a negative impact on the Group&rsquo s profitability for FY23F. What we think? Assuming a 7% lower inventory level, a downward S$25.1m adjustment could possibly be made to FY23F net profit, turning our headline S$8.6m net profit expectation for FY23F into a possible S$16.5m loss instead. What to do? Short-term (1H24F) Share price impact will be negative when market opens on Monday. We see possibly -12% downside to the technical support at S$3.00. Long-term (FY25F) Long-term recommendation based on FY25F outlook remains an Add assuming that orders from key customer returns and AEM is able to convert engagements with other customers that it is developing into positive net profit.
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