- AEM reported a 3Q24 loss of S$0.9m and 9M24 loss of S$0.1m. Earnings missed our 2024 estimate of S$10m.
- AEM has raised 2H24 revenue guidance to S$190m-210m, up from S$160m-180m as its key customer brings forward orders from 2025. Its outlook remains mixed with the company focusing on implementing four mid-term strategies.
- - Read this at SGinvestors.io -
3Q24 earnings missed expectation due to weak margin and low revenue base.
- AEM (SGX:AWX) reported 3Q24 loss of S$0.9m (vs S$1.5m loss in 3Q23) and 9M24 loss of S$0.1m. Earnings appear to be a miss vs our 2024 estimate of S$10m. 3Q24 revenue of S$74m (-7% y-o-y) was largely in line, with 9M24 revenue of S$248m meeting 69% of our full-year estimate.
- - Read this at SGinvestors.io -
- Despite a 6.5% q-o-q reduction in revenue compared with 2Q24, AEM managed to achieve a 3.5% q-o-q growth in core PBT, due to a favourable product mix and its operational agility to align the internal cost structure with external demand.
2H24 revenue guidance raised to S$190m-210m
- Read more at SGinvestors.io.
