Just like how Venture Corporation dominated this industry sector for the Billion Dollar Club, AEM Holdings similarly held sway in the Centurion Club. It is being ranked top for returns to shareholders and for weighted return on equity, and is overall sector winner. Valuetronics Holdings’ win in growth in profit after tax was the only obstacle to AEM’s clean sweep.
AEM’s strong showing can be attributed to its years of focused execution on behalf of its main customer, a top-tier semiconductor giant. The company, led by executive chairman Loke Wai San, is a leading player in the sprawling semiconductor support ecosystem, offering application-specific intelligent system test and handling solutions for its customers. These customers, in turn, serve advanced computing, 5G and AI markets. It operates out of five plants: one each in Singapore, Penang, Suzhou (China), Finland and France.
FY2019, which ended on Dec 31, was a record year for AEM. In the previous few years, the company made several significant strategic steps to build up its capabilities in advanced testing solutions. That placed AEM in an advantageous position to tap the growth of system-level testing from wafer level to package level, panels and interconnects.