- No final dividend was declared for FY23. Instead, AEM (SGX:AWX) proposed a 1:100 bonus share issue.
Narrower-than-expected net loss
- AEM reported a FY23 net loss of S$1.24m, narrower than our expectation of a S$12.25m net loss as AEM quickened its cost cutting pace in 2H23.
- - Read this at SGinvestors.io -
Lowering our FY24-25F EPS forecast
- Departing from its previous practice, AEM only issued 1H24F revenue guidance of S$170m-200m due to the timing uncertainties for new product ramp-ups from its various customers.
- - Read this at SGinvestors.io -
- We retain our view that FY25F revenue performance will be better y-o-y for AEM as
- Read more at SGinvestors.io.
