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Analysts continue to like AEM's prospects following Intel news; UOBKH initiates 'buy'

Felicia Tan
Felicia Tan5/4/2022 07:42 PM GMT+08  • 4 min read
Analysts continue to like AEM's prospects following Intel news; UOBKH initiates 'buy'
UOB Kay Hian has initiated "buy” on AEM Holdings with a target price of $5.60. Photo: Stock image
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Analysts from Maybank Securities and UOB Kay Hian are remaining positive on AEM Holdings after Intel announced that its 18A process node is six months ahead of schedule. The node is expected to be manufacturing ready by the 2HFY2024.

“This should help Intel regain manufacturing leadership. Intel said research and development (R&D) for the node is on or ahead of milestones, imbuing confidence it can begin manufacturing on this node in 2024,” says Maybank Securities analyst Lai Gene Lih.

Lai has kept his “buy” call on AEM with an unchanged target price of $6.34 on the back of the news.

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