AEM - Maybank Research 2023-07-28: Overhang Cleared; Upgrade To HOLD

• AEM (SGX:AWX) said it reached a settlement over a confidential arbitration with Advantest for US$20m. This should be a positive for AEM as there will no longer be other payments relating to this matter in the future and this will enable AEM to operate and market its new generation of active thermos interposer without any hindrance.
• - Read this at SGinvestors.io -

Settlement to hit FY23 earnings

• - Read this at SGinvestors.io -
• We believe that this settlement will further cement AEM’s place as a leader in the active thermo interposer segment and that designs of new generation circuits etc will be all owned by AEM and won’t have any contest by Advantest which will be positive for AEM’s prospects.

2Q23E should be dismal and a weaker FY23E

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Read also Maybank's most recent report:
2025-03-02 AEM - Transition Phase Will Take Time; Maintain SELL.

Previous report by Maybank:
2024-11-14 AEM - Still A Long Way To Recover; Cutting Forecasts & Target Price.

Price targets by 2 other brokers at AEM Target Prices.

Listing of research reports at AEM Analyst Reports.

Relevant links:
AEM Share Price History,
AEM Announcements,
AEM Dividend Payout Dates & Corporate Actions,
AEM News