AEM's Share Price Could Be Weighed by Proposed Divestment -- Market Talk

Dow Jones06-26

0628 GMT - AEM's share price could be weighed by a recent proposal to sell shares in a South Korean company, DBS Group Research says in a note. The Singapore semiconductor-equipment maker has proposed unloading its stake in Ateco, a memory test handler manufacturing company, at about a S$2 million loss, the team notes. The divestment could also bring AEM's FY 2023 pro forma loss per share to S$1.05 as compared with a loss per share of S$0.40 pre-transaction, DBS adds. The team expects downward revisions to earnings estimates with the one-off loss from the disposal representing 9% of its FY 2024 earnings forecast. DBS has a hold call on the stock and targets S$1.97. Shares were last at S$1.85. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

June 26, 2024 02:28 ET (06:28 GMT)

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The team expects downward revisions to earnings estimates with the one-off loss from the disposal representing 9% of its FY 2024 earnings forecast. DBS has a hold call on the stock and targets S$1.97. Shares were last at S$1.85. 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The Singapore semiconductor-equipment maker has proposed...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999002604.SGD","symbol_name":"LionGlobal Singapore/Malaysia SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2446331519","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2446331519","pubTimestamp":1719383280,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0628 GMT - AEM's share price could be weighed by a recent proposal to sell shares in a South Korean company, DBS Group Research says in a note. The Singapore semiconductor-equipment maker has proposed unloading its stake in Ateco, a memory test handler manufacturing company, at about a S$2 million loss, the team notes. The divestment could also bring AEM's FY 2023 pro forma loss per share to S$1.05 as compared with a loss per share of S$0.40 pre-transaction, DBS adds. The team expects downward revisions to earnings estimates with the one-off loss from the disposal representing 9% of its FY 2024 earnings forecast. DBS has a hold call on the stock and targets S$1.97. Shares were last at S$1.85. 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The Singapore semiconductor-equipment maker has proposed unloading its stake in Ateco, a memory test handler manufacturing company, at about a S$2 million loss, the team notes. The divestment could also bring AEM's FY 2023 pro forma loss per share to S$1.05 as compared with a loss per share of S$0.40 pre-transaction, DBS adds. The team expects downward revisions to earnings estimates with the one-off loss from the disposal representing 9% of its FY 2024 earnings forecast. DBS has a hold call on the stock and targets S$1.97. Shares were last at S$1.85. 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