• Like
  • 2
  • Favorite

AEM Holdings' Incoming CEO Has Strong Semiconductor Background to Support Role -- Market Talk

Dow Jones06-11

0517 GMT - Incoming AEM CEO Amy Leong has a strong semiconductor background to support her role, says CGS International analyst William Tng, citing a CEO transition chat with the Singapore-listed company. The brokerage would like to see Amy work with the AEM board to explore higher standards of investor disclosure, Tng says. With AEM competing with global players, the CEO and the board should also consider whether the semiconductor and electronics test solutions provider can achieve better valuation in other financial markets, he adds. The brokerage adjusts its model for AEM's 1-for-100 share bonus issue and trims the target price to S$1.82 from S$1.84 with an unchanged reduce rating. Shares are 2.1% higher at S$1.96. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

June 11, 2024 01:17 ET (05:17 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment2

  • Musky
    ·06-12
    The only way is UP for AEM. US is the epic centre for AI now. Amy Leong is a semicon veteran in US. AEM chair Loke aint stupid. He picked Leong so that more deals will b closed in US. Ex CEO is good with Asian deals but not US. Hence the change of CEO.
    Reply
    Report
    Fold Replies
  • BK99
    ·06-11
    With the departure of Chandran Nair -Ex CEO , AEm will slide further !!!
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial