AEM's Share-Price Rally Looks Overdone, UOB Kay Hian Says -- Market Talk

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AEM's Share-Price Rally Looks Overdone, UOB Kay Hian Says -- Market Talk

Dow Jones2023-06-22

0205 GMT - AEM Holdings' recent share-price rally, driven by increased interest in artificial-intelligence-related stocks, looks overdone, UOB Kay Hian analyst John Cheong says in a research report. AI-related chips account for only around 3% of the company's semiconductor sales and won't be able to offset weakness in other segments, such as smartphones and PCs, the analyst says. BCA Research's June review of major semiconductor-consuming sectors gives a subdued picture of global semiconductor demand, the analyst notes. Also, consensus 2023 and 2024 earnings forecasts for the company seem too optimistic, says the brokerage, which downgrades the stock to sell from hold, with an unchanged target price of S$2.87. Shares are 3.5% lower at S$3.56. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 21, 2023 22:05 ET (02:05 GMT)

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Musky
·2023-06-28
I wondered where he gets the data that "AI-related chips account for only around 3% of the company's semiconductor sales and won't be able to offset weakness in other segments, such as smartphones and PCs, the analyst says" from? AEM said that excitement in generative AI is looking promising to the coy. Also, INTC is ramping up chip production n GPU n quantum computing chips like crazy. Dont anyone think this will b extremely beneficial to AEM. I think this analyst has not get new update from AEM. Your thoughts?
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- SG 88:
  haven't though of that [Doubt]
  2023-06-28
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- Stevenwml:
  P
  2023-06-28
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- ginpati:
  ok
  2023-06-28
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BCA Research's June review of major semiconductor-consuming sectors gives a subdued picture of global semiconductor demand, the analyst notes. Also, consensus 2023 and 2024 earnings forecasts for the company seem too optimistic, says the brokerage, which downgrades the stock to sell from hold, with an unchanged target price of S$2.87. Shares are 3.5% lower at S$3.56. 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(ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 21, 2023 22:05 ET (02:05 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","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":768228521721952,"gmtCreate":1687923332220,"gmtModify":1687923336284,"author":{"id":"4109816621463940","authorId":"4109816621463940","name":"Musky","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"I wondered where he gets the data that \"AI-related chips account for only around 3% of the company's semiconductor sales and won't be able to offset weakness in other segments, such as smartphones and PCs, the analyst says\" from? AEM said that excitement in generative AI is looking promising to the coy. Also, INTC is ramping up chip production n GPU n quantum computing chips like crazy. Dont anyone think this will b extremely beneficial to AEM. I think this analyst has not get new update from AEM. Your thoughts?","listText":"I wondered where he gets the data that \"AI-related chips account for only around 3% of the company's semiconductor sales and won't be able to offset weakness in other segments, such as smartphones and PCs, the analyst says\" from? AEM said that excitement in generative AI is looking promising to the coy. Also, INTC is ramping up chip production n GPU n quantum computing chips like crazy. Dont anyone think this will b extremely beneficial to AEM. I think this analyst has not get new update from AEM. Your thoughts?","text":"I wondered where he gets the data that \"AI-related chips account for only around 3% of the company's semiconductor sales and won't be able to offset weakness in other segments, such as smartphones and PCs, the analyst says\" from? AEM said that excitement in generative AI is looking promising to the coy. Also, INTC is ramping up chip production n GPU n quantum computing chips like crazy. Dont anyone think this will b extremely beneficial to AEM. I think this analyst has not get new update from AEM. Your thoughts?","images":[],"top":1,"highlighted":2,"essential":2,"paper":1,"likeSize":14,"commentSize":11,"repostSize":0,"link":"https://ttm.financial/post/768228521721952","repostId":2345789794,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":106452830,"gmtCreate":1687942516385,"gmtModify":1687942528704,"authorId":4101532856378560,"author":{"id":4101532856378560,"authorId":4101532856378560,"name":"SG 88","avatar":"https://static.tigerbbs.com/94bec1957162ce71366820223786c2fc","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":768228521721952,"type":1,"supId":0,"prevId":0,"content":"haven't though of that [Doubt]","text":"haven't though of that [Doubt]","html":"haven't though of that [Doubt]"},{"id":106452824,"gmtCreate":1687942206644,"gmtModify":1687942212786,"authorId":4100316437044830,"author":{"id":4100316437044830,"authorId":4100316437044830,"name":"Stevenwml","avatar":"https://community-static.tradeup.com/news/6c709b93db815fb5a0c95b5f3ecd2c56","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":768228521721952,"type":1,"supId":0,"prevId":0,"content":"<u>P</u>","text":"<u>P</u>","html":"<u>P</u>"},{"id":106452792,"gmtCreate":1687937521941,"gmtModify":1687937528578,"authorId":4110789497741692,"author":{"id":4110789497741692,"authorId":4110789497741692,"name":"ginpati","avatar":"https://community-static.tradeup.com/news/f8aaf92d6e763c68f72f51457eb47277","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":768228521721952,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"},{"id":106452774,"gmtCreate":1687936009691,"gmtModify":1687936015947,"authorId":3582883416532133,"author":{"id":3582883416532133,"authorId":3582883416532133,"name":"NewbieLeo","avatar":"https://static.tigerbbs.com/1d67674084088d7a0f8f4d8152ba870e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":768228521721952,"type":1,"supId":0,"prevId":0,"content":"<u>thanks</u>","text":"<u>thanks</u>","html":"<u>thanks</u>"},{"id":106452759,"gmtCreate":1687935015413,"gmtModify":1687935021853,"authorId":4109909455489530,"author":{"id":4109909455489530,"authorId":4109909455489530,"name":"Hosay_hosay","avatar":"https://community-static.tradeup.com/news/b228fbc5c071c4bc7e948619f9ff7028","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.04.05","exceedPercentage":"93.79%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":768228521721952,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">[Miser][Miser][Miser]</span>","text":"<span class=\"s1\">[Miser][Miser][Miser]</span>","html":"<span class=\"s1\">[Miser][Miser][Miser]</span>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}