Maybank Securities Downgrade AEM Holdings to "Sell" As Margins Could Be Impacted

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Maybank Securities Downgrade AEM Holdings to "Sell" As Margins Could Be Impacted

The Edge Singapore2023-01-09

Maybank Securities analyst Jarick Seet has downgraded AEM Holdings to “sell” from “hold” previously.In his report dated Jan 8, the analyst sees that the company’s margins could be squeezed amid ...

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BK99
·2023-03-30
You only Believe !!! That is no data to support yourAnalysis
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Wolftrade
·2023-01-11
How many times have these jokers been wrong 🤭 Sometimes I really wish there are laws in place to forbid them from buying stocks that they publicly downgrade and vice versa
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AndyAi
·2023-01-10
gg
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Yongqi
·2023-01-10
Ok
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Carrotski
·2023-01-10
👍
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Carrotski
·2023-01-10
👍
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Musky
·2023-01-10
This.guy is a joke! He put a sell to AEM as he lowered the PE to 8.5. I thought PE was already low at 9.0. EPS for 2022 is likely at 0.5 meaning that PE is already 7. Even with a 5 % drop in earnings in 2023 EPS is 0.47 n current price of 3.40 means a PE of less than 8. So why TP of 3.08? Hence he is a joke!
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- Marcus146:
  阅
  2023-01-10
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- JohnL:
  Thanks for sharing
  2023-01-10
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- powerbert:
  Yes, don't understand what he means.
  2023-01-10
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We suspect that AEM’s margins may be hurt if key customers are not faring well,” Seet writes.To this end, the analyst believes AEM’s results in the 1HFY2023 ending June 30 won’t be as great as its “robust” 1HFY2022, which saw an “exceptional surge” in orders by AEM’s key customer. “[This] will likely not be replicated in the 1HFY2023,” says Seet.“We expect 1HFY2023 to show a decline y-o-y but this should be partly mitigated by orders from new customers as shown in the surge in inventory to $117.6 million at end-September 2022 from end-December 2021,” he adds. “We also expect orders to be more evenly distributed throughout the four quarters in FY2023.”On this, Seet has cut his FY2023 earnings estimate by 5%. The analyst has also lowered his target price to $3.08 from $3.43 previously. This comes as he lowers his pegged P/E to 8.5x from 9.0x FY2023 P/E.Despite AEM’s share price correction, Seet still sees downside risks in the form of the weak outlook from its key customer. The looming recession in Europe and the US is also a downside risk.“We are confident in AEM’s mid-long term prospects but short-term headwinds may present lower priced entry levels in the near-term for investors,” says Seet.Among the semiconductor stocks, Seet has indicated his preference for UMS due to its strong order-book and earnings growth despite the current weak macro outlook.He has given UMS a “buy” rating with a target price of $1.34.As at 12.41pm, shares in AEM are trading 6 cents lower or 1.72% down at $3.42. Shares in UMS are trading 1 cent lower or 0.81% down at $1.22.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9941859760,"gmtCreate":1680148158550,"gmtModify":1680148163994,"author":{"id":"3582154836923956","authorId":"3582154836923956","name":"BK99","avatar":"https://community-static.tradeup.com/news/b5015be4f48a3c9b5f2c87b295297e50","vip":1,"crmLevel":7,"crmLevelSwitch":0},"htmlText":"You only Believe !!! That is no data to support yourAnalysis&nbsp;","listText":"You only Believe !!! That is no data to support yourAnalysis&nbsp;","text":"You only Believe !!! That is no data to support yourAnalysis","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941859760","repostId":1117203960,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9951197237,"gmtCreate":1673415156429,"gmtModify":1676538833230,"author":{"id":"4113826624568122","authorId":"4113826624568122","name":"Wolftrade","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1},"htmlText":"How many times have these jokers been wrong 🤭 Sometimes I really wish there are laws in place to forbid them from buying stocks that they publicly downgrade and vice versa","listText":"How many times have these jokers been wrong 🤭 Sometimes I really wish there are laws in place to forbid them from buying stocks that they publicly downgrade and vice versa","text":"How many times have these jokers been wrong 🤭 Sometimes I really wish there are laws in place to forbid them from buying stocks that they publicly downgrade and vice versa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951197237","repostId":1117203960,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9953478526,"gmtCreate":1673317230265,"gmtModify":1676538817174,"author":{"id":"3549659726191917","authorId":"3549659726191917","name":"AndyAi","avatar":"https://static.tigerbbs.com/81c12ecb4451acc5f55df3fef66d9790","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":0},"htmlText":"gg","listText":"gg","text":"gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9953478526","repostId":1117203960,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9953478207,"gmtCreate":1673317208909,"gmtModify":1676538817173,"author":{"id":"3584768136673058","authorId":"3584768136673058","name":"Yongqi","avatar":"https://static.tigerbbs.com/3a99d7310fc3da59d344d6a477031fc1","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9953478207","repostId":1117203960,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9953478142,"gmtCreate":1673317148686,"gmtModify":1676538817166,"author":{"id":"3554971949142483","authorId":"3554971949142483","name":"Carrotski","avatar":"https://community-static.tradeup.com/news/074e88c8a8bea42375bbadebd37a80b9","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0},"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9953478142","repostId":1117203960,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9953471593,"gmtCreate":1673317061313,"gmtModify":1676538817150,"author":{"id":"3554971949142483","authorId":"3554971949142483","name":"Carrotski","avatar":"https://community-static.tradeup.com/news/074e88c8a8bea42375bbadebd37a80b9","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0},"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9953471593","repostId":1117203960,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9953457966,"gmtCreate":1673314279355,"gmtModify":1676538816423,"author":{"id":"4109816621463940","authorId":"4109816621463940","name":"Musky","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"This.guy is a joke! He put a sell to AEM as he lowered the PE to 8.5. I thought PE was already low at 9.0. EPS for 2022 is likely at 0.5 meaning that PE is already 7. Even with a 5 % drop in earnings in 2023 EPS is 0.47 n current price of 3.40 means a PE of less than 8. So why TP of 3.08? Hence he is a joke!","listText":"This.guy is a joke! He put a sell to AEM as he lowered the PE to 8.5. I thought PE was already low at 9.0. EPS for 2022 is likely at 0.5 meaning that PE is already 7. Even with a 5 % drop in earnings in 2023 EPS is 0.47 n current price of 3.40 means a PE of less than 8. So why TP of 3.08? Hence he is a joke!","text":"This.guy is a joke! He put a sell to AEM as he lowered the PE to 8.5. I thought PE was already low at 9.0. EPS for 2022 is likely at 0.5 meaning that PE is already 7. Even with a 5 % drop in earnings in 2023 EPS is 0.47 n current price of 3.40 means a PE of less than 8. So why TP of 3.08? Hence he is a joke!","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":51,"commentSize":58,"repostSize":0,"link":"https://ttm.financial/post/9953457966","repostId":1117203960,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105513452,"gmtCreate":1673317425339,"gmtModify":1673317438960,"authorId":4106653765771050,"author":{"id":4106653765771050,"authorId":4106653765771050,"name":"Marcus146","avatar":"https://static.itradeup.com/news/2da7d6c5274e45356c311ad03f71ba0c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9953457966,"type":1,"supId":0,"prevId":0,"content":"<u>阅</u>","text":"<u>阅</u>","html":"<u>阅</u>"},{"id":105513448,"gmtCreate":1673317416906,"gmtModify":1673317431055,"authorId":3570369418287680,"author":{"id":3570369418287680,"authorId":3570369418287680,"name":"JohnL","avatar":"https://community-static.tradeup.com/news/20db2fa4f65cb04a8d837d400a1b5d7b","vip":1,"currentWearingBadge":{"badgeId":"cbe1c45c584340f3bd9ae6c77e0e9981-1","templateUuid":"cbe1c45c584340f3bd9ae6c77e0e9981","name":"Academy Experiencer","description":"5 lessons learned","bigImgUrl":"https://community-static.tradeup.com/news/fb5ae275631fb96a92d475cdc85d2302","smallImgUrl":"https://community-static.tradeup.com/news/c2660a1935bd2105e97c9915619936c3","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.06","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2006},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9953457966,"type":1,"supId":0,"prevId":0,"content":"Thanks for <u>sharing</u>","text":"Thanks for <u>sharing</u>","html":"Thanks for <u>sharing</u>"},{"id":105513436,"gmtCreate":1673317374574,"gmtModify":1673317394022,"authorId":4093059271761650,"author":{"id":4093059271761650,"authorId":4093059271761650,"name":"powerbert","avatar":"https://static.tigerbbs.com/58b4a4434d2d9949729ba54620260514","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.05.11","exceedPercentage":"80.67%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9953457966,"type":1,"supId":0,"prevId":0,"content":"Yes, don't understand what he means.","text":"Yes, don't understand what he means.","html":"Yes, don't understand what he means."},{"id":105513437,"gmtCreate":1673317375123,"gmtModify":1673317388685,"authorId":3565579816305782,"author":{"id":3565579816305782,"authorId":3565579816305782,"name":"wenjin","avatar":"https://static.tigerbbs.com/d5a7509809f1dc972f0b5c45604f9b90","vip":1,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9953457966,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"},{"id":105513431,"gmtCreate":1673317365353,"gmtModify":1673317386782,"authorId":3586677684741825,"author":{"id":3586677684741825,"authorId":3586677684741825,"name":"Look4Value","avatar":"https://static.tigerbbs.com/4e62f34ae77b6164faadffdd2f7216fa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9953457966,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":32,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}