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AEM SGD
Last:9.57
-0.33
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business turnaround ?
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tongphlp
Supreme |
21-May-2024 09:53
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that is why aberdeen sold..lost faith and hope
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MrBear12
Supreme |
17-May-2024 23:11
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Abandoned stock. | ||||||||||||||||||||||||||||||||||||||||||||||
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MrBear12
Supreme |
17-May-2024 11:57
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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AEM stands out as a rare Singapore company which has established itself on the global stage with its innovation in technology and with its financial performance. The bright outlook for new customer orders and for industry growth is, however, now partially over-shadowed by muted demand for AEM' s equipment from Intel. Intel has embarked on efforts to reduce test times (to industry norms) and eliminate non-standard tests, posing a risk to AEM' s revenue. Analysts are waiting for AEM' s guidance expected to be given with its 2Q2024 results on its near-term outlook, and recommend that investors hold back and have set lower target prices accordingly (see table below). That' s why AEM' s stock took another leg down after its disappointing 1Q2024 results, trading recently at $1.90.
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jozu_min
Member |
16-May-2024 18:23
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The question is AEM really going to make a comeback in 2025? | ||||||||||||||||||||||||||||||||||||||||||||||
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Klein_Yeoman
Senior |
16-May-2024 10:54
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Will Intel or AMD buy this company? | ||||||||||||||||||||||||||||||||||||||||||||||
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LoudShout
Master |
16-May-2024 09:40
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abrn has been a long term investor on this counter. Now it is no longer a SSH. Given up hope with all the mishaps and bird brained idea of 1:100 bonus. Which is bothered into insanity... | ||||||||||||||||||||||||||||||||||||||||||||||
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karunatn
Member |
14-May-2024 23:02
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Thanks Mr Bear.
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MrBear12
Supreme |
14-May-2024 20:08
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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There might still be a turn-around. As long as this company survives there is hope.
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karunatn
Member |
14-May-2024 19:26
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Within a year, 40% gone. No hope.
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Battle123
Elite |
14-May-2024 19:21
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Funny, how come so quiet for tis counter !
Today performance not bad de |
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rghleex1
Master |
14-May-2024 10:32
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Recovered! | ||||||||||||||||||||||||||||||||||||||||||||||
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Battle123
Elite |
13-May-2024 19:36
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today got another special discount 7%, jiayou dyodd |
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tongphlp
Supreme |
13-May-2024 16:01
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u guys too optimistic. no upturn till the CEO is fired.
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sengkang
Master |
13-May-2024 12:28
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Don' t see any uptick until it hit 138
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chiachiawee
Elite |
13-May-2024 11:52
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First milestone 188 reached. cheers.
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ayy002
Senior |
13-May-2024 11:16
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penny stock | ||||||||||||||||||||||||||||||||||||||||||||||
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joe1991
Veteran |
13-May-2024 10:35
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Very very bad..so many kena slaughter..on the big week of handover....this tama stock spoil everything
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LoudShout
Master |
13-May-2024 10:34
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Staying away from this co until (1) accountability over its US$20 million settlement on its acquisition, not including the legal costs incurred It is not insignificant - can read the details in Advantage Press Announcement - nothing so confidential (2) quite a no value 1:100 bonus - deceptive as the price of this counter kept plunging (3) no visibility in 2nd half 2024 - announcements of 2 wins from same co, and the announcements did not indicate that no significant impact on the FY2024 finanicals. |
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MrBear12
Supreme |
12-May-2024 12:17
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Very bearish on company | ||||||||||||||||||||||||||||||||||||||||||||||
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Joelton
Supreme |
11-May-2024 13:05
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AEM now in &lsquo hold&rsquo position for Maybank and DBS
Both research houses cut their price targets for the company on weaker FY2024 outlook
MAYBANK Securities downgraded its rating on AEM : AWX -2.48%to &ldquo hold&rdquo from &ldquo buy&rdquo on the grounds that the semiconductor equipment maker&rsquo s FY2024 financials will &ldquo likely remain weak&rdquo , and can be expected to rebound only in FY2025.
It also reduced its price target to S$2.04 from S$2.78, after AEM posted an 85 per cent year-on-year fall in net profit for its first quarter ended Mar 31.
Analyst Jarick Seet said on Thursday (May 9): &ldquo While we expected a weak first half of FY2024, the muted outlook for the second half ... despite recent new-order wins, was way below our expectation for a much stronger second half of FY2024.&rdquo
To reflect this sentiment, Seet lowered AEM&rsquo s valuation multiple to 11 times of the research house&rsquo s blended FY2024 and FY2025 earnings estimates. This was down from the 15-time price-to-earnings (PE) ratio used previously, based on blended earnings estimates over the same period.
Seet also reduced his profit after tax and minority interests (Patmi) estimates by 31.8 per cent for FY2024 and 21.6 per cent for FY2025. He also tamped down his revenue forecasts by 19 per cent for FY2024 to S$409.1 million from S$505.3 million, and by 6.6 per cent each for FY2025 and FY2026.
&ldquo Despite thinking the worst is over and expecting more new-order wins in the next few months, we think it&rsquo s better to revisit AEM closer to the fourth quarter of FY2024, as the bulk of the ramp-up orders will likely come only in FY2025,&rdquo he said.
DBS Group Research on Friday shaved its price target on AEM to S$1.97 from S$2.26, while reiterating its &ldquo hold&rdquo call on the stock.
The revised target price is pegged to a 14 times PE ratio, based on DBS&rsquo blended FY2024 and FY2025 earnings estimates.
While AEM&rsquo s Q1 revenue was in line with the research house&rsquo s expectations, its net profit missed forecasts.
Following &ldquo weaker-than-expected&rdquo results and an anticipated &ldquo slower recovery&rdquo for the company&rsquo s key customer &ndash believed to be Intel &ndash DBS lowered its FY2024 revenue forecast for AEM by 5 per cent and by 4 per cent in FY2025.
Its analysts also revised down their earnings estimates by 30 per cent for FY2024 and 19 per cent for FY2025, as they noted AEM&rsquo s &ldquo lower operating leverage and suboptimal utilisation&rdquo .
DBS believes that although AEM&rsquo s share of revenue from Intel could decline in the near-term, the company &ldquo still has substantial exposure&rdquo to its key customer.
They also noted that traction in new customers has been &ldquo picking up&rdquo for AEM &ndash but cautioned that uncertainties regarding the group&rsquo s new product ramps, along with the pace of industry recovery, will &ldquo cast a shadow&rdquo on its FY2024 prospects.
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