AEM - CGSI Research 2024-03-01: No Full-Year Revenue Guidance

• 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.
  
  
  
  

  
  Above is the excerpt from research report by CGSI Research.
  Clients of CGS International may access the full report in PDF @ https://itrade.cgsi.com.sg/.
  
  

  
  
  William TNG CFA CGS International Research | https://itrade.cgsi.com.sg 2024-03-01 SGinvestors.io
  
  

  ---

  
  

  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 Dividends & Corporate Actions,
  AEM News Articles