- AEM's FY24 NPAT of S$11.6m is better than we expected. Management is expecting S$155-170m revenue for 1H25, which is lower than we projected but management is expecting a stronger 2H25.
- - Read this at SGinvestors.io -
2H25 likely stronger than 1H25
- Revenue from its key customer is likely to drop after it already pulled in FY25 system orders in 4Q24 for inventory management purposes. 1H25 revenue guidance came in lower than expected at S$155m-170m.
- AEM's management remains optimistic for a stronger 2H25 as certain products for new customers are expected to ramp up in late 2025.
Still transitioning
- - Read this at SGinvestors.io -
- The growth prospects remain positive as it will continue to develop next generation capabilities to support upcoming AI and GDDR7 devices that are expected to ramp up in late 2025.
Still a few quarters too early
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Jarick Seet Maybank Research | https://www.maybanktrade.com.sg/ 2025-03-02
Previous report by Maybank:
2024-11-14 AEM - Still A Long Way To Recover; Cutting Forecasts & Target Price.
Price targets by 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
