AEM - CGS-CIMB Research 2023-10-18: Expect S$20.4m Headline Net Loss For 3Q23F; Await Return Of Demand Over FY24-25

• We think AEM (SGX:AWX) will issue its 3Q23F business update after market closes on 10 Nov 2023. In our view, AEM's 3Q23F revenue could decline 55.1% y-o-y and 24.6% q-o-q to S$92.5m.
• - Read this at SGinvestors.io -

Preparing for the return of customer demand over FY24-25F

• AEM has taken the opportunity arising from the current lull in demand from its customer to improve operating efficiencies and further reduce its cost structure.
• - Read this at SGinvestors.io -

Key customer, Intel expands further

• AEM's key customer, Intel, has announced further expansion plans in 2023.
  • Read more at SGinvestors.io.

Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.

Read also CGS-CIMB's most recent report:
2024-01-16 AEM - FY23F Net Loss Expected.

Previous report by CGS-CIMB:
2023-11-10 AEM - Likely A Stronger 2H In FY24.

Price targets by 3 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