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AEM, gonna breakout upwards soon
AEM reports higher revenue, net profit for Q3 2022
AEM Holdings reported a 41 per cent jump in Q3 2022 revenue to S$206 million, from S$146 million a year prior, in a bourse filing on Friday (Nov 4).
Net profit for the quarter grew in tandem, up 38.3 per cent to S$32.2 million, from S$23.3 million in the previous year. The topline and bottomline growth were driven by a ramp-up in volume from new and existing customers of AEM&rsquo s systems-level testing handlers and peripheral tools. Contributions from CEI, acquired in March 2021, also powered the semiconductor testing company&rsquo s growth.
The company is investing in a longer-dated purchase order backed programme of about S$280 million, resulting in an increase of inventories from S$204.9 million as of Dec 31, 2021 to S$322.5 million as of Sep 30, 2022. Cash and cash equivalents have also reduced to S$153.6 million as of Sep 30, 2022, from S$216.2 million as of Dec 31, 2021.
Revenue guidance for FY2022 is maintained between S$820 million and S$850 million on the back of strong demand from customers.
The semiconductor industry is encountering near-term recessionary concerns, as government-backed capital investments have surged. With the investments into next-generation semiconductor nodes and advance packaging technologies, AEM believes that these new developments will require new test methodologies that the company can support.
The migration to the new test methodologies will drive capital expenditure from AEM&rsquo s customers as well as come with a higher percentage of test consumables which the company has been investing in.
&ldquo While we remain cognizant of near-term risks given the recessionary concerns, we believe that the mid- to long-term outlook remains strong. Our conviction is further strengthened by customers&rsquo feedback and their confidence in placing our solutions in the critical path of their next-generation product launches,&rdquo said Chandran Nair, chief executive officer, AEM.
Press Release
AEM records highest 9M revenue level in history for
9M2022 at S$746.6 million maintains revenue
guidance for FY2022
Singapore, 4 November 2022 &ndash AEM Holdings Ltd. (&ldquo AEM&rdquo or &ldquo the Group&rdquo ), a global leader in test innovation, announced its unaudited financial results for the three / nine months ended 30 September 2022 (&ldquo 3Q2022 / 9M2022&rdquo ) today.
*Ppts: Percentage points
full report here
https://links.sgx.com/1.0.0/corporate-announcements/KGIG5CA8YZVOVAIL/737657_AEM_3Q2022_Press%20Release.pdf
AEM records highest 9M revenue level in history for
9M2022 at S$746.6 million maintains revenue
guidance for FY2022
- Delivered the highest third quarter and nine months revenue and profit before tax in the Group&rsquo s history
- Profit before tax for the same period increased 123.4% y-o-y to reach S$141.4 million
- The Group reported earnings per share of 36.95 Singapore cents, representing a 99% y-o-y increase from 18.58 Singapore cents in 9M2021
- The Group is maintaining its revenue guidance for FY2022 of between S$820 million and S$850 million on the back of strong demand from existing and new customers
Singapore, 4 November 2022 &ndash AEM Holdings Ltd. (&ldquo AEM&rdquo or &ldquo the Group&rdquo ), a global leader in test innovation, announced its unaudited financial results for the three / nine months ended 30 September 2022 (&ldquo 3Q2022 / 9M2022&rdquo ) today.
Financial Overview
| Financial Highlights | 3Q2022 | 3Q2021 | Change (%) |
9M2022 | 9M2021 | Change (%) |
| (S$ &rsquo 000) | ||||||
| Revenue | 206,092 | 146,205 | 41.0 | 746,575 | 338,456 | 120.6 |
| Profit before tax (&ldquo PBT&rdquo ) | 39,383 | 27,808 | 41.6 | 141,421 | 63,318 | 123.4 |
| PBT margin | 19.1% | 19.0% | 0.1ppts | 18.9% | 18.7% | 0.2ppts |
| Net profit | 32,232 | 23,299 | 38.3 | 115,291 | 52,995 | 117.6 |
| Net profit margin | 15.6% | 15.9% | (0.3)ppts | 15.4% | 15.6% | (0.2)ppts |
full report here
https://links.sgx.com/1.0.0/corporate-announcements/KGIG5CA8YZVOVAIL/737657_AEM_3Q2022_Press%20Release.pdf
I don' t like it. The chip ban out for so long already but the institutional analysts like radio silence over MSM. Till now still don' t know the impact of the ban on various different chip sectors in different 3rd party countries (japan korea) that do business with China or using China made parts during final assembly etc.
Today's red sea again for semi con.
unclebond ( Date: 24-Oct-2022 13:11) Posted:
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Dow future dropping?
aragosta ( Date: 24-Oct-2022 11:45) Posted:
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tiagong the chipban is super comprehensive, even tech workers carrying american passport also cannot touch chinese tech companies.
CGS-CIMB slashes AEM' s TP by over 40% on fears of order deferments
CGS-CIMB Research analysts William Tng and Izabella Tan have retained their &ldquo add&rdquo call on AEM Holdings as they see the company&rsquo s strength in system-level testing (handlers and complete testing solutions) as &ldquo intact&rdquo .
&ldquo [AEM&rsquo s] long-term prospects remain strong,&rdquo Tng and Tan write in their Oct 14 report.
However, the analysts have slashed their target price on the counter to $3.76 from $6.54 previously on the back of fears of order deferments.
Amid the news of US restricting exports of chips to China as well as reports of possible job cuts at AEM&rsquo s major customer Intel, AEM&rsquo s share price plunged by 21.5% to $3.25 on Oct 13 from $4.14 on Oct 7.
The potential loss of the China market, in terms of how much of Intel&rsquo s data centre-related (DC-related) chips could be affected by the sales ban, is a concern, the analysts note.
With AEM&rsquo s expansion plan on track, with its Penang plant expansion expected to come online between end-October to early-November 2022 and Intel&rsquo s new multi-phased expansion in Penang expected to begin production in early 2024, Intel has leeway to defer its orders for test handlers (THs) from AEM.
&ldquo We assume that such a deferment could occur over the FY2023 &ndash FY2024 [ended Dec 31] and hence cut our sales assumptions for AEM by 6.7%-7.1%, leading to [a] 11.2%-11.8% decrease in our earnings per share (EPS) forecasts,&rdquo Tng and Tan write.
In their view, if the semiconductor industry is headed for decline in the FY2023, AEM&rsquo s valuations could revert to its six-year (FY2017- FY2022) average P/E multiple of 8.0x.
&ldquo However, we opine that AEM&rsquo s patented TH technology warrants some premium. Hence, we now value AEM at 9.7x (0.5 standard deviations or s.d. above its six-year average) on our reduced FY2023 EPS forecast given possible order deferments,&rdquo the analysts write. &ldquo Previously we used 14.9x (+2 s.d. above its six-year average).&rdquo
To them, stronger-than-expected orders from AEM&rsquo s major customer and earlier-than-expected success in securing orders from other potential customers are re-rating catalysts to its share price. On the other hand, delivery delays and the loss of its sole supplier status which will negatively affect AEM&rsquo s profitability, are downside risks.
On Oct 14, AEM lifted its revenue guidance for the FY2022 to between $820 million and $850 million from its previous guidance of $670 million to $720 million on the back of increased demand from its new and existing customers.
Profit taking, no one would like to short naked.
Turned nagative from positive.. Powerful shortists took over this sick SG exchange..
Heerbrugg ( Date: 17-Oct-2022 10:47) Posted:
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Below $3, coming....
Looking forward to go below $3.
Get ready to dip into red zone.
Pump and dump...
Will buy back after lunch time.
Pump and dump...
Will buy back after lunch time.
Short 3.26.
talk only. talk is cheap.
good revenue but share price falling like crazy.
good revenue but share price falling like crazy.
Joelton ( Date: 15-Oct-2022 20:41) Posted:
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Nothing to worry.
Share price has rallied from $1, so still in-the-money.
Share price has rallied from $1, so still in-the-money.
AEM Holdings raises revenue guidance for full year
AEM Holdings : AWX -2.15% announced in a bourse filing on Friday (Oct 14) that it has raised its revenue guidance for the full year ending Dec 31 upwards to between S$820 million and S$850 million.
This is up from its previous FY2022 revenue guidance of between S$750 million and S$800 million as part of its investor presentation for the half year ended Jun 30 this year.
It attributed the revised revenue guidance to increased demand from new and existing companies.
The announcement comes after AEM saw huge sell-offs over the last week as a result of fears over tapering semiconductor demand.
Notably, DBS Group Research downgraded the counter to &ldquo hold&rdquo from &ldquo buy&rdquo and nearly halved its target price to S$3.19 from S$5.88 on expectations of prolonged weakness from key customer Intel.
house broken in? never mind...covered by insurance....
FrancisLim ( Date: 06-Sep-2022 10:14) Posted:
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They are semicon and chips experts...not IT experts...
Joelton ( Date: 06-Sep-2022 09:20) Posted:
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House already broken in...
hired Security expert, legal counsel...
like closing the barn yard fence after the horse bolted...
hired Security expert, legal counsel...
like closing the barn yard fence after the horse bolted...