AEM - DBS Research 2024-11-07: Non-consensus Upgrade On Turnaround

• 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 an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-03-03 AEM - Laying The Foundation For Future Growth.

Previous report by DBS:
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 Dividend Payout Dates & Corporate Actions,
AEM News