- We are upgrading AEM to BUY with a higher target price of S$1.67. We believe that AEM is at an inflexion point with new customers, and potential for the new fabless AI customer to grow into a key customer account, while Intel revenue should stabilise from 2H24 onwards.
At the cusp of a multi-year rollout in contributions from new customers.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
Spotlight on new fabless AI customer…
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Amanda TAN DBS Group Research | Lee Keng LING DBS Group Research | https://www.dbs.com/insightsdirect/ 2024-11-07
Read also DBS's most recent report:
2024-11-14 AEM - Reaffirming Our Non-consensus BUY.
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
