| Latest Forum Topics / AEM SGD Last:9.9 -- |
 Post Reply
|
|
business turnaround ?
|
|||||
|
MambaFinancial89
Veteran |
26-Jun-2025 10:00
Yells: "Be greedy when others are fearful. " |
||||
|
x 0
x 0 Alert Admin |
AEM upgrades 1HFY2025 revenue guidance (The Edge, 26 June 2025) AEM Holdings has raised its revenue guidance for 1HFY2025 ending June 30. From an initial range of $155 million to $170 million, the chip tester now expects revenue to reach between $185 million and $195 million. The revised guidance is a result of an unexpected pull-in of orders into FY2025 from one of the groups customers under the non-cancellable, long-dated purchase order program for the customers inventory management purposes, says AEM. The groups view of the business environment remains the same as its last update on May 13. The group will provide guidance for 2HFY2025 when it reports its earnings Aug 13, says AEM. AEM shares closed at $1.24 on June 25. |
||||
| Useful To Me Not Useful To Me | |||||
|
PQTPQK
Supreme |
26-Jun-2025 08:42
|
||||
|
x 0
x 0 Alert Admin |
gap up ...
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
spursfan
Supreme |
26-Jun-2025 08:39
|
||||
|
x 0
x 0 Alert Admin |
REVISION OF REVENUE GUIDANCE FOR 6-MONTHS ENDING 30 JUNE 2025 The Board of Directors of AEM Holdings Ltd. (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) has revised its 1H2025 revenue guidance upwards from the previous range of S$155 million to S$170 million, to the range of S$185 million and S$195 million. The revised guidance is a result of an unexpected pull-in of orders into FY2025 from one of the Group&rsquo s customers under the non-cancellable, long-dated purchase order program for the customer&rsquo s inventory management purposes. The Group&rsquo s view of the business environment remains the same as its last update on 13 May 2025. The Group will provide guidance for 2H2025 when it reports its earnings 13 August 2025. By Order of the Board Leong Chunyi Yin Chief Executive Officer 26 June 2025 |
||||
| Useful To Me Not Useful To Me | |||||
|
PQTPQK
Supreme |
06-Jun-2025 09:10
|
||||
|
x 0
x 0 Alert Admin |
let test 1.30 ....
|
||||
| Useful To Me Not Useful To Me | |||||
|
wehuattogether88
Supreme |
05-Jun-2025 15:00
|
||||
|
x 0
x 0 Alert Admin |
With the new directions from CEO Amy, we will be anticipating a reload of AEM starting from now onwards, the way is clearing up and AEM will get back its confidence. | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
MambaFinancial89
Veteran |
05-Jun-2025 13:58
Yells: "Be greedy when others are fearful. " |
||||
|
x 0
x 0 Alert Admin |
AEM forges ahead amid testing times (Source: The Edge, 5 June 2025) How CEO Amy Leong is steering chip tester back to the path of recovery with new customers and diversifying into new areas In a world where the semiconductor stage has come to boast rockstar Asian-American CEOs like Jensen Huang of Nvidia Corp and Lisa Su of AMD, Amy Leong of AEM Holdings exudes a more reserved image despite being cut from a similar cloth. Leong, who celebrates her first anniversary of leadership at the company this month, says that having Asian faces like Huang and Su drive the industry similarly inspires her to be a role model for future generations. She recalls working at a US company for many years where all the board of directors were white men before there was a first female board member. Suddenly, it was like, Oh! Women can be board members, too. It was a lightbulb moment, so I think its important to set an example, says Leong in an interview with The Edge Singapore. Born and raised in China, she migrated to the US during high school. In 1998, she graduated from the University of California, Berkeley, with a degree in chemical engineering after not knowing which industry to build her career. With her degree, she figured she could have joined Clorox and helped clean toilet bowls worldwide. As it happened, things ended up differently. Another choice was the adhesives industry with 3M, but then my friends all went to Silicon Valley with IBM, so I said to myself, Ill join them, says Leong, who took a Master of Science in materials science and engineering from Stanford University. Nearly 30 years later, Leong remains deeply enthused with the semiconductor industrys fast-moving and innovative nature &mdash traits that will be more critical than ever as she steers AEM on the recovery path that corresponds closely with key customer Intel, whom AEM provides testing services, and also new customers, whom it has been cultivating a working relationship. Year of progress By most measures, AEMs turnaround is a work in progress, especially if its share price is benchmarked against its December 2021 peak of more than $5 and its FY2022 earnings of $158.7 million. However, when Intels performance weakened after the pandemic-induced demand spike eased and other semiconductor players stormed ahead with chips needed for faster applications, AEM suffered from weaker results in tandem. On June 5, AEM shares closed at $1.22, down nearly 16% since the start of the year. With recovery not visible, some AEM shareholders have reduced their investment in the company. For example, Malaysias Employee Provident Fund Board has regularly sold down its stake. The most recent sale was on May 13, when it sold nearly 1.8 million shares at just over $1.2 each, leaving it with 24.37 million shares, equivalent to 7.782% of the company. Elsewhere, Temasek Holdings, AEMs largest shareholder, which first invested over 26 million new shares at around $3.80 each back in August 2021, has steadily increased its stake to just over 39 million shares, or 12.46%. Meanwhile, AEMs financial results remain on a downtrend. In 1QFY2025 ended March, it reported earnings of $3.8 million, down 71.3% q-o-q, while revenue fell 35.1% q-o-q to $86.03 million. The company attributed the fall in revenue to a sharp slowdown in its test cell (TS) solutions segment, as its key customer, Intel, accelerated orders going into 4QFY2024, prompting a 46.9% q-o-q decline to $51.2 million. It was pretty significant. This all happened in the last couple of weeks of the year, says Leong, stressing that the drop was expected because of the timing. Despite this, Intels current purchase order programme with AEM, which is set to run through 2HFY2027 and comprises 75% equipment and 25% consumables, continues to offer some baseline revenue even when its factory shows underutilised capacity. However, Leong is not worried, explaining that the presently unused floor space results from the companys efforts to ramp up capacity during a surge in orders a few years ago. She says: Unlike a wafer fab where you have lots of tools that undergo depreciation, for us, floor space is simply about whether or not you have the area to assemble equipment. The labour involved is more direct. We have a flexible model, a fixed headcount, and temporary workers for when demand peaks. To wean itself from being entirely dependent on the whim and fancy of Intels inventory decisions, AEM has signed on a new fabless artificial intelligence (AI) and high-performance compute (HPC) customer, which is starting to drive high volumes of AEMs modular parallel system, burn-in (AMPS-BI) production and a corresponding rise in its TC solutions segment. With the new customer contribution, consumables sales within the TC segment soared 173% q-o-q to $30.8 million. Leong says the diversification results from engaging potential new customers over the past few years. If the move goes well, AEM is on track to surpass $100 million in non-key customer revenue for the whole of FY2025. Although Leong remains bullish, in the most recent 1QFY2025, AEM could only eke out a slim net margin of 3.9%, which she explains takes time to progress. At this stage, your customer acquisition cost is high, so you need to spend on sales and support. We could see incremental improvement over the next few years because our new product is more differentiated. It will be a gradual improvement, she adds. Still, despite actively focusing on diversifying its revenue, Leong says AEMs long-standing relationship with Intel remains healthy and steady. On May 20, AEM announced a collaboration with Intel Foundry, Intels manufacturing arm, which produces semiconductor chips on behalf of other companies, to offer previously exclusive system-level test (SLT) and burn-in testing capabilities to the latters customers. Leong says that this updated arrangement is timely, as Intel raises its competitiveness against other semiconductor players and expands its ecosystem within the semiconductor space. This arrangement also adapts to Intels own changing business model. For years, Intel used to design and manufacture for itself. In contrast, other smaller semiconductor firms focus on developing the chips and then outsourcing the actual production to specialised firms such as Taiwan Semiconductor Manufacturing Co. Intel Foundry is the US chip giants way of offering manufacturing services to other semiconductor companies. In the provision of such services, AEM opens these test cells and the ecosystem to other players, such as those who need the space and capacity. And as you can imagine, having SLT and burn-in within the US aligns with President Donald Trumps intention to domesticate more capability, so this is a key enabling opportunity for us, says Leong. In its May 20 note, DBS Group Research calls this deal with Intel a positive development but warns it is more of a medium-term growth driver. While AEM is well-positioned to benefit from this collaboration given its extensive installed base at Intel, meaningful contributions will depend on Intel Foundrys ability to attract and retain external customers, says DBS. Since Intel Foundry is a relatively new business for Intel, most potential clients are still in their evaluation stages, so large-scale investment decisions have yet to be made. For DBS, Intel continues to pursue customer wins, but translating interest into firm orders with meaningful volume remains a hurdle. In addition, Intels customers are not locked into using AEM exclusively for back-end testing and may choose alternative providers. As such, we view this as more of a medium to long-term catalyst for AEM rather than an immediate growth driver. Ultimately, leveraging Intel Foundry is just one piece of AEMs broader growth story, says DBS, which is keeping its buy call and $1.50 target price. What will 2025 bring? Beyond the next few quarters, businesses worldwide will all have a bigger common worry: coping with the uncertainties thrown up by Trump&rsquo s mercurial policies. For now, Leong is not too worried, as the company&rsquo s direct exposure to China and the US is limited, at least in the near future. &ldquo We have some shipments to the US, but overall, it&rsquo s less than 20%, so it&rsquo s pretty insignificant. In the long run, the big impact for our industry is how tariffs will impact the macro environment, the economy and demand, as well as how tech leaders like Apple are redesigning the electronic world, the whole ecosystem, and pricing. For that, we don&rsquo t know what will happen,&rdquo adds Leong. Like many other semiconductor players, she says that AEM is adopting a wait and see approach, as the risk of shifting government policies across different jurisdictions leaves many strategies up in the air. Although she remains confident that the company will achieve goals such as generating $100 million in revenue from customers other than Intel for FY2025, she warns that 2HFY2025 could be uncertain. Our typical equipment lead time is three months to six months, so given the uncertainty with geopolitical policies, there is unpredictability for the second half because its longer than our typical production cycle time, says Leong. Beyond these external forces, which remain stubbornly beyond control, she is excited about AEM&rsquo s growth prospects down the road, underpinned by cross-border R& D teams in the US, South Korea and Europe, which are built to handle different core competencies. Leong says AEM now has three core competencies: automation, design and test electronics, plus thermal engineering capabilities, thanks to acquisitions and organic growth. These successes are the reasons behind our winning of AI and HPC customers, she adds. This year, she has identified two goals for the company. The first is to expand the layers of chip testing with its new customer and break into the dynamic random access memory (DRAM) space. Testing of DRAMs, Leong says, is the holy grail of testing, as data centres require DRAMs and graphics processors for swathes of computing necessities. The most significant industry problem right now is the system reliability of a data centre and many failures in data centres are related to the DRAM. So, there is a big need in the industry for system-level verification for DRAM customers, says Leong. AEMs differentiation, she adds, is its ability to tackle thermal challenges. We are leveraging the technology block for our existing automation fields and the thermal capabilities that we have developed for the processing side of things, she says, adding that AEM is working with a leading DRAM manufacturer to develop the next-generation tool. Solutions and composure Analysts are mixed about AEM&rsquo s outlook despite taking on new customers and widening its range of testing offerings. DBSs $1.50 target price now compares with $1.69 before the 1QFY2025 updates. Although analysts Amanda Tan and Ling Lee Keng see delays in the turnaround, they like the broadening of the customer base. These milestones mark a critical step toward eventual volume ramps and revenue contribution, positioning 2025 as a turning point in AEMs customer expansion strategy, write Tan and Ling in their May 15 note. On the other hand, Maybank Securities Jarick Seet has a bearish take on the company, keeping his sell call at a reduced target price of $1.07 from $1.12. Seet, who believes that AEM is still too early in its transition phase to justify a valuation, does not expect any revenue uplift until the 2HFY2025, seeing a flat 2QFY2025 from 1QFY2025. Although Seet notes that the long-term outlook for the company stays attractive, the analyst is indifferent. The company is adding new customers to replace the lost revenue from its key customer. We expect this to take years to complete and the global tariff situation is making the landscape even more challenging, says Seet. For industry veteran Leong, however, leaning on patience and a steady focus remains a timeless strategy. We are at the right spot in solving a very relevant problem: thermal issues associated with chips during the advanced packaging manufacturing process. We are excited about this and will continue focusing on what we are good at. And well, we will try to figure out how the tariff situation will land. We focus on what we can control, says Leong. |
||||
| Useful To Me Not Useful To Me | |||||
|
PQTPQK
Supreme |
05-Jun-2025 11:34
|
||||
|
x 0
x 0 Alert Admin |
hope can test 1.30 soon ....
|
||||
| Useful To Me Not Useful To Me | |||||
|
ruanlai
Elite |
05-Jun-2025 11:17
|
||||
|
x 0
x 0 Alert Admin |
https://www.theedgesingapore.com/news/corporate-moves/aem-forges-ahead-amid-testing-times | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Battle123
Elite |
23-May-2025 21:44
|
||||
|
x 0
x 0 Alert Admin |
tis week touch 125 then gostan hope nxt week can perform better |
||||
| Useful To Me Not Useful To Me | |||||
|
tongphlp
Supreme |
20-May-2025 10:19
|
||||
|
x 0
x 0 Alert Admin |
what is CPF doing then? shd follow?
|
||||
| Useful To Me Not Useful To Me | |||||
|
superstartup
Supreme |
09-May-2025 18:04
Yells: "Enjoy doing Fundamental Research" |
||||
|
x 0
x 2 Alert Admin |
I have observed this EPF Always Buy High Sell Low Like that can make profit for the EPF Consolidated Fund ? |
||||
| Useful To Me Not Useful To Me | |||||
|
tongphlp
Supreme |
30-Apr-2025 13:45
|
||||
|
x 0
x 0 Alert Admin |
we await
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
jlong0005
Senior |
25-Apr-2025 15:00
|
||||
|
x 0
x 0 Alert Admin |
I notice from AGM presentation footnote, AMD, Micron also the customers.
|
||||
| Useful To Me Not Useful To Me | |||||
|
LoudShout
Master |
25-Apr-2025 14:44
|
||||
|
x 0
x 0 Alert Admin |
Awaiting contract wins. Intel is cutting staff, outlook not optimistic. Prior years, this Co announced revised revenue guidance every quarter. Now tough road to winning customers. Hope no more screw ups like prior year.. inventory error, settlement on acquistion,... |
||||
| Useful To Me Not Useful To Me | |||||
|
MrBear12
Supreme |
23-Apr-2025 23:02
Yells: "Cast all our anxieties on Jesus for He cares for us" |
||||
|
x 0
x 0 Alert Admin |
yes
|
||||
| Useful To Me Not Useful To Me | |||||
|
Battle123
Elite |
13-Apr-2025 16:07
|
||||
|
x 0
x 0 Alert Admin |
can make a high jump to 120 ? or higher ... previous traffic announcements dropping from 130 
|
||||
| Useful To Me Not Useful To Me | |||||
|
HuatAh7898
Elite |
13-Apr-2025 15:07
|
||||
|
x 1
x 0 Alert Admin |
Expect some unexpected for next week but stay positive |
||||
| Useful To Me Not Useful To Me | |||||
|
guiren
Veteran |
13-Apr-2025 15:03
|
||||
|
x 0
x 1 Alert Admin |
Monday Chiong all the way ,,
Trump exempts smartphones and computers from new tariffs&zwnj Everyday flipping his mind
|
||||
| Useful To Me Not Useful To Me | |||||
|
tongphlp
Supreme |
10-Apr-2025 11:30
|
||||
|
x 0
x 0 Alert Admin |
nearly penny stock...maybe PM should bring forward his ND speech for 2026 and quote AEM again to give it a much needed boost?
|
||||
| Useful To Me Not Useful To Me | |||||
|
Sgvale
Supreme |
09-Apr-2025 16:46
|
||||
|
x 0
x 0 Alert Admin |
Holding very well. Probably dropped too much already | ||||
| Useful To Me Not Useful To Me | |||||