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AEM SGD
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business turnaround ?
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Rightstock
Senior |
31-Jan-2024 10:07
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IMO, If AEM loses money for 2023 it may go back to covid low of around $1.35. It is best to avoid this stock for now until 2023 financial result is out. | ||||
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LoudShout
Master |
31-Jan-2024 10:02
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No response yet: 1) Jan 14, 2024 Co disclosed the inventory shortfall 2) Jan 22, 2024 Co clarified announcement of Jan 14 2024 3) Jan 23 2024, SIAS asked for clarifications. No response as of 31 Jan 2024 from the Co. Could this be due to: 1) Unable to respond yet 2) Unwilling to respond yet So much for SIAS 2019 Best Transparency and Governance award. Maybe SIAS could consider revoking the award, if the repsone is still not received by this week. However unlike the US$20 million abitration settlement, the invenory shortfall could not be termed as Confidential... although the details of the arbitration settlement are highlighted in Adantage Press Announcment which is available online. Meanwhile fasten your seat belt and sit tight. |
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tongphlp
Supreme |
31-Jan-2024 09:30
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It will continue to drop everyday until there?s clarity
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LoudShout
Master |
31-Jan-2024 09:28
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It has been a week since SIAS emailed the question to the Co. Still unable to provide the response. |
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MambaFinancial89
Veteran |
29-Jan-2024 16:43
Yells: "Be greedy when others are fearful. " |
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I am convinced the whole debacle was purely the result of a human error as disclosed and that this could be a timely entry point. Have entered accordingly and will average down if needed - believe share price performance could deteriorate further upon release of the FY23 results announcement. #DYODD | ||||
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tongphlp
Supreme |
29-Jan-2024 15:54
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shall we petiton for the CEO to be replaced? He' s certainly not up to mark!
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eddyeddy
Master |
29-Jan-2024 13:42
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Guess the script writer also run out of story to spin. | ||||
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LoudShout
Master |
29-Jan-2024 13:24
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Yes it is headig to the bottom.. Radio Silence by mgt - still looking for lost sript Investors losing confidence with the uncertainty. So much for transparency and good corporate governance..
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beng1102
Elite |
29-Jan-2024 10:15
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It looks like price is bottoming. Funds is actively buying this stock recently at above $3.
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tongphlp
Supreme |
29-Jan-2024 09:42
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script got lost while in transit in Penang...
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LoudShout
Master |
29-Jan-2024 08:49
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Off for Pre Lunar New Year celebration
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eddyeddy
Master |
28-Jan-2024 21:04
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Management still waiting for the script? | ||||
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tongphlp
Supreme |
27-Jan-2024 07:04
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It would drop every trading day until there' s some clarity on those murky numbers and how the mistakes are allowed to happen. CEO has to answer for the oversight and be fired by the BODs!
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eddyeddy
Master |
26-Jan-2024 22:56
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Must wait for the script writer to spin out new excuses and stories.
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tongphlp
Supreme |
26-Jan-2024 22:45
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the defeaning silence makes things worse... wonder if Loke Wai San is still alive and kicking....? why he didn' t come out to defend or say a word or two...
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tongphlp
Supreme |
26-Jan-2024 22:43
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Yah...didn' t I said earlier in one of my posting? Intel finds that AEM is dishonest and has no integrity - they will kiss u good bye and it' s the end of the road for AEM.. penny stock in the making...or Hyflux no. 2..
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investshare
Supreme |
26-Jan-2024 17:46
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This is absolutely nonsense.
Q1: say before the new system, inventory is $60m, after is $80m. Nobody question? Verify? Q2: which quarter exactly it happen? Did it mask off the losses? Quote . It was caused by human error in transactions with AEM&rsquo s enterprise resource planning system, the company said on Monday (Jan 22), adding that its Q4 2023 profit before tax would be adjuste |
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Newlearner
Veteran |
26-Jan-2024 16:55
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https://www.businesstimes.com.sg/companies-markets/aem-faces-weak-outlook-key-customer-intels-revenue-guidance Really... Suayness and not so good news comes one after another... |
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tongphlp
Supreme |
26-Jan-2024 16:15
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Or 2 words = SUPER BAD management... SIAS should have this new award... always give to the BEST but what about the BAD..
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FATABA
Supreme |
26-Jan-2024 15:46
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Just one word BAD managememt .
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