AEM Holdings

Analysts revise FY20 estimates, price targets as AEM beats revenue forecasts

SINGAPORE (Jan 15): There is no slowing down for precision engineering services firm AEM Holdings, as a solid FY19 seems to have paved the way for an even better year to come. 

On Jan 8, the group announced that it had bagged some $245 million worth of sales orders for delivery for FY20. 

“The group expects FY20 revenue to be between $330 million to $350 million,” the group said in a regulatory filing. The projected revenue is indeed a significant increase from previous figures of $262 million in FY18 and $222 million in FY17. 

AEM to acquire French automated test equipment firm for $11 mil

SINGAPORE (Dec 29): Mainboard-listed AEM Holdings, the provider of semiconductor and electronics test equipment, is acquiring French company Mu-TEST for 7.53 million euros ($11.4 million).

Mu-TEST is a semiconductor test solutions provider in the automated test equipment (ATE) industry.

The purchase consideration is arrived at on a willing buyer and willing seller basis based on an enterprise value of 8 million euro and assuming an estimated net debt of 475,000 euro as of December 2019.

Industry rides upcycle as global demand returns, Singapore semicon plays rise on earnings recovery

SINGAPORE (Dec 20): In 2019, Singapore’s worsening manufacturing sector was a cause for concern as the country’s economy slowed to a decade-low growth rate of 0.1% in the second quarter. In July, the outlook for the second half of the year did not appear positive as most manufacturing and services firms turned less upbeat about business prospects.

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Hai Leck founder buys shares following 1Q losses; Morgan Stanley sells AEM shares after steady run

SINGAPORE (13 Dec): The controlling shareholder of Hai Leck Holdings has been increasing his stake in the industrial engineering company since end-November. In his most recent purchase on Dec 10, Cheng Buck Poh, the company’s founder and executive chairman, bought 99,500 shares at 52.5 cents each. This brings his direct stake in the company from 95.6 million shares to 95.7 million shares, or 46.53%.

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5 stocks to look out for as the semiconductor industry stages a comeback: DBS

SINGAPORE (Nov 29): As 5G and new technologies such as artificial intelligence and big data continue to drive the demand for semiconductors, DBS Group Research remains sanguine on the industry that has been plagued by a slump over the past two years.

According to the World Semiconductor Trade Statistics (WSTS), a non-profit organisation that produces monthly industry shipment statistics, the global semiconductor market is expected to return to growth in 2020. 

Come 2020, all regions are forecast to grow with the overall market by some 4.8%

AEM started at 'buy' by DBS as demand for new technology picks up

SINGAPORE (Nov 29): Precision engineering services firm AEM Holdings is flying high. Year-to-date, its share price has more than doubled to close at $1.71 on Nov 28, climbing from 82.5 cents at the start of the year.

Yet, market watchers believe the counter is poised to soar even higher.

DBS Group Research is initiating coverage on AEM with a “buy” recommendation and a target price of $2.38, representing a potential upside of 39%.

AEM shares up 1.7% after raising FY19 revenue guidance

SINGAPORE (Sept 13): Shares in precision manufacturer AEM Holdings are trading higher on Friday morning.

As at 10.21am, AEM shares are up 2 cents at $1.17 from Thursday close of $1.15 with about 4.6 million shares traded.

The hike came on the back of AEM’s announcement in a filing on Thursday night it was revising upwards its revenue range to between $285 million and $305 million for FY19 ended Dec.

AEM made the upward revision after receiving sales orders worth $280 million for delivery in FY19 as of Thursday.

Can AEM continue its record-breaking streak?

SINGAPORE (Aug 15): AEM Holdings, the provider of equipment systems solutions and manufacturing services, reported record high revenue and earnings for 2Q19.

Earnings for 2Q19 ended June hit an all-time high of $15.7 million, 65.4% higher than the $9.5 million the preceding year. Revenue also surged 34.8% to a high of $97.9 million, due largely to the Equipment Systems Solutions (ESS) business.

AEM says its stellar 2Q19 performance was the result of a major customer ordering more test handlers in anticipation of its own product launch roadmap.

AEM poised for system level testing; is likely M&A target: Maybank

SINGAPORE (June 19): Maybank KimEng is maintaining its "buy" call in AEM Holdings with an unchanged target price of $1.40.

Maybank says the roll-out of a 5G mobile network will see the design and production of increasingly complex and mission-critical chips.

To test these new chips efficiently, chipmakers will have to look to system level test (SLT) to complement conventional methods.

AEM Holdings' test solution chosen to help roll out Huawei's 5G network

SINGAPORE (Oct 10): AEM Holdings, the provider of equipment systems solutions and manufacturing services, announced that Huawei has chosen its test solution for Huawei’s 5G backhaul network.

The test solution was developed in collaboration with China Electronics Technology Group Corporation No.23 Research Institute (CETC23) for qualifying high-performance short reach cabling links.

The group will deliver the first test solution for testing 100Gbps links for Huawei’s short reach 5G backhaul network in 2019.

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