AEM Holdings *Official* (SGX:AWX)

[Nanonited]

on hindsight should have run road

but its ok. still within risk tolerance

Really true value investor... think u will huat more...

 

[akwl88]

2.390
-0.010 (-0.42%)

 

[wahkao3]

lai, 10%
havent CXG

 

[aLpHa-Ev7]

good entry at 2.390?

 

[Perisher]

AEM earnings surge eight-fold to $12.3 mil in 1H
https://www.theedgesingapore.com/aem-earnings-surge-eight-fold-123-mil-1h

AEM Holdings posts a net profit of $12.3 million for the 1H ended June, close to eight times higher than earnings of $1.6 million a year ago.

The provider of equipment systems solutions and manufacturing services saw revenue more than treble to $104.5 million for the first half of 2017, from $29.3 million a year ago.

The sales and profit growth were driven by the commercial success of the group’s next generation semiconductor handler platform, which was commercially adopted by its key customer in late 2016.

Revenue from its equipment systems business nearly trebled to $100.6 million in 1H17, from $26.3 million a year ago, was largely driven by one-off catch-up sales of kits/pans.

Revenue from its precision components business climbed 28.0% to $3.9 million in 1H17, due to increased demand from customers.

AEM saw its net profit margin jump to 11.8% in 1H17, from 5.4% a year ago. This was due to its spreading of its fixed costs more effectively on the back of higher sales.

Staff costs increased by 62.1% to $10.0 million in 1H17, mainly due to higher salary cost for additional headcount to support the increased sales orders, as well as a higher bonus provision, including share-based benefits provision.

As at end June, cash and cash equivalents stood at $5.3 million.

AEM has declared an interim dividend of 2.5 cents per share, payable on Oct 20, 2017.

“The global semiconductor outlook for 2017 and 2018 looks positive,” says AEM chairman Loke Wai San. “We continue to invest in improving our technical capabilities, delivery and field service support to better serve our main customer’s longer term roadmap and global footprint requirements.”

“At the same time, we continue to be on the lookout for possible acquisition targets that are synergistic to our business,” he adds.

Shares of AEM closed 1 cent higher at $2.86 on Monday.

 

[SeVenn]

Those who picked up during the recent crash to $2 shiok

 

[wahkao3]

2 days stock chiong recently so much but this AEM thread bo lang come in one?

anyway this stock dormant so long. sideways for 6months
Finally got some action liao.

 

[Perisher]

They have moved on to telegrams I believe.

 

[Average]

They have moved on to telegrams I believe.

ur telegram is...?

 

[wahkao3]

today also bo lang come in to cheer

 

[Jupiter2017]

http://www.businesstimes.com.sg/com...-guidance-expects-fy2018-to-outperform-fy2017
AEM raises FY2017 profit guidance; expects FY2018 to outperform FY2017
Mon, Jan 22, 2018 - 11:08 PM Marissa Lee marilee@sph.com.sg

AEM Holdings said on Monday that it expects its operating profit before tax for the 2017 financial year to reach between S$35 million and S$37 million, up from a previous guidance of at least S$32 million.
The group's 2017 revenue guidance of at least S$215 million remains unchanged.
On Dec 21 last year, AEM announced that it had received sales orders worth S$100 million for delivery in the first half of 2018.
"Based on the sales orders received so far and the positive outlook, the group expects FY2018 to outperform FY2017 with FY2018 revenue and operating profit before tax reaching at least S$255 million and S$42 million respectively," the group added in its profit guidance on Monday.
AEM, which reports fourth-quarter results on Feb 23, is said to be the sole supplier for chipmaker Intel's latest test handler.
Group executive chairman Loke Wai San said: "We are encouraged with the sales momentum AEM has shown over the past 15 months. The demand for our High Density Modular Test handler from our key customer has grown since its commercialisation."
AEM shares jumped 23 Singapore cents or 6.76 per cent to finish at S$3.63 on Monday before a trading halt was called at 12.27pm.

price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=AWX.SI

 

[Jupiter2017]

$4.06

 

[Perisher]

JSK, up 8 times within a year?

 

[Jupiter2017]

http://www.businesstimes.com.sg/companies-markets/hot-stock-aem-gains-on-expected-profit-bump
Hot stock: AEM gains on expected profit bump
Tue, Jan 23, 2018 - 10:09 AM Jamie Lee leejamie@sph.com.sg

SHARES of semiconductor equipment firm AEM Holdings rose on Tuesday after it upped its profit guidance.
AEM, said to be the sole supplier for chipmaker Intel's latest test handler, on Monday said it expects its operating profit before tax for the 2017 financial year to reach between S$35 million and S$37 million, up from a previous guidance of at least S$32 million.
The stock gained 44 Singapore cents, or more than 12 per cent, to S$4.07 as at 10.01am. About 1.2 million shares changed hands.

price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=AWX.SI

 

[Seah.tt]

this time is different... to the moon

 

[Jupiter2017]

Bought @$3.24 on 11 Jan. Follow Analysts' stock picks: http://forums.hardwarezone.com.sg/s...gapore-stock-picks-2018-analysts-5740935.html

 

[questsohai]

Anyone has news AEM is going to do a Bonus Issue like they did in 2017?

 

[Jupiter2017]

http://www.businesstimes.com.sg/sto...t-genting-hk-aem-holdings-mm2-asia-oue-c-reit
Stocks to watch: AA Reit, Genting HK, AEM Holdings, mm2 Asia, OUE C-Reit
Thu, Feb 01, 2018 - 9:06 AM Rachel Mui rachmui@sph.com.sg

THE following companies saw new developments that may affect trading of their shares on Thursday:
.....................
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AEM Holdings: AEM requested a trading halt on Thursday morning, as it announced the acquisition of Afore, a Microelectromechanical systems testing and handling solutions company based in Finland, for 7.58 million euros (S$12.3 million). Shares of AEM closed at S$4.97 apiece on Wednesday.
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price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=AWX.SI

 

[Jupiter2017]

http://www.businesstimes.com.sg/com...conductor-equipment-maker-afore-for-76m-euros
AEM to buy Finnish semiconductor equipment maker Afore for 7.6m euros
Thu, Feb 01, 2018 - 9:23 AM Navin Sregantan navinsre@sph.com.sg

AEM Holdings is acquiring Finnish semiconductor manufacturing equipment maker Afore Oy for 7.58 million euros (S$12.3 million) in cash and shares.
The consideration for the deal will be split into 4.97 million euros (S$8.08 million) in cash and 867,555 new AEM shares valued at S$4.24 million, or S$4.8887 per share.
The issue price of the consideration shares represents a 1.6 per cent discount to AEM's closing price of S$4.97 on Wednesday. Trading was halted on Thursday for the announcement of the deal.
The consideration shares, which will represent about 1.3 per cent of AEM's enlarged share capital, will be issued to Vesa Henttonen, the founder and managing director of Afore, who holds a 37.7 per cent stake in the target. The other selling shareholders of Afore are receiving only cash.
AEM said that Afore will provide AEM with high-performance test capabilities and solutions in micro-electro-mechanical systems (MEMS), which AEM sees as a high-growth semiconductor end-market. AEM intends to use Afore's capabilities to expand its product and customer portfolio in the semiconductor and industrials sectors.
Said AEM's executive chairman Loke Wai San on the acquisition: "Afore Oy adds access to yet another exciting market benefiting from global technology megatrends and stands out as the most advanced MEMS test solution available for wafer level chip scale packages."
Afore posted net profit of S$1.56 million for the nine months ended Sept 30, 2017.
AEM also announced on Thursday that current chief operating officer Chok Yean Hung will take over as chief executive officer (CEO) following the retirement of current CEO Charles Cher, who will step down by March 31. Mr Cher will remain as a senior adviser to the AEM board.
AEM also expanded its senior management team with the promotion of Goh Meng Kiang to vice-president (VP) of operations, Soh Wai Kong to VP of finance, and the appointment Chua Tat Ming as VP of engineering.
Mr Cher said: "Chok Yean Hung's deep knowledge of our business, his strong partnership with me and AEM management over the years, and the respect he receives from our employees and customers places him uniquely to continue driving AEM's strong performance."
Incoming CEO Mr Chok said: "We are grateful for Charles' many contributions to AEM, and I look forward to leading AEM through this exciting phase of its global business growth. The combined energies of our newly expanded management team add depth and breadth to the leadership at AEM as we take on increasingly diversified growth opportunities worldwide."

price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=AWX.SI

 

[Jupiter2017]

http://www.businesstimes.com.sg/com...mems-tester-afore-oy-executes-succession-plan
AEM acquires MEMS tester Afore Oy; executes succession plan
Thu, Feb 01, 2018 - 8:32 PM Marissa Lee marilee@sph.com.sg

HOMEGROWN semiconductor test handler maker AEM Holdings is expanding into micro-electro mechanical system (MEMS) test solutions with the acquisition of Finnish firm Afore Oy for 7.58 million euros (S$12.3 million).
AEM plans to close the deal by the end of February. Afore made US$6.7 million in revenue over the last 12 months, and the deal values it at 10.6 times price to earnings.
It will take a few years before Afore scales up enough to contribute meaningfully to AEM's topline, but the acquisition takes AEM a step closer towards diversified growth, executive chairman Loke Wai San told The Business Times on Thursday.
"For years, we've been trying to break out of this segment of just logic handlers but it was quite hard for us to break out into the full solution because we didn't have a tester," he said.
AEM started as a customised automation house before specialising in logic chip test and inspection handlers. The logic segment includes processors and other electronic circuitry that carry out instructions based on signals represented by ones and zeroes, hence the term logic.
AEM is said to be the sole supplier for Intel's latest test handler, deriving more than 90 per cent of its revenue from the chipmaker. That profile is set to change.
Last September, AEM expanded into network infrastructure testing and measurement by acquiring InspiRain Technologies for S$3.6 million. The Afore acquisition adds MEMS test solutions to the suite, allowing AEM to sell "full solutions" in the semiconductor backend test and assembly market, Mr Loke said.
He is particularly optimistic about the MEMS device market, forecasted to reach US$22 billion in 2021. The gyroscopes in smartphones that enable motion-controlled gaming are MEMS-driven. So are airbags and car tyre pressure-monitoring sensors.
Afore's biggest customer is one of Japan's largest automotive sensor companies, a customer of 10 years now.
"The use of MEMS is increasing, prices are going to fall, so that means the need for affordable tests is going to go up," Mr Loke said.
"We hope to, over time, shift some of Afore's manufacturing to Asia to present a more price-competitive product.
"We liked the growth trajectory of MEMS because there were no key 800-pound gorillas in the handling space for MEMS," he added.
AEM estimates that it has a 6 per cent share of the worldwide MEMS test handler market. Xcerra leads with a 26 per cent share, followed by Cohu and Spea with 20 per cent each.
The Afore acquisition will be paid for with 4.97 million euros in cash. Another 2.61 million euros will be paid to Afore founder and managing director Vesa Henttonen via the issuance of new AEM shares at S$4.89 per share. The new shares will comprise 1.3 per cent of AEM's enlarged share capital.
Also on Thursday, AEM announced a planned leadership transition, with chief operating officer Chok Yean Hung replacing Charles Cher as CEO.
Mr Loke said: "I recruited Charles in 2014 out of retirement, and he was willing to give four years, three years. We've been looking for a successor for a year now. Chok was actually part of the original team that I brought in in 2011 ... Chok clearly had the respect from our (main) customer."
Mr Cher will retire by March 31 and remain as senior adviser to the board till the end of 2018.
Meanwhile, AEM said that sales orders in excess of S$115 million have been booked for delivery in the first half of 2018.
"We are a customised shop, we don't build to stock, we build to order," Mr Loke said. AEM is running at full capacity, he said, adding: "We're quite careful, we expand based on the run rate that we see. We work closely with our customer to make sure it's a sustainable run rate."
AEM shares last changed hands at S$4.97 on Wednesday, trading was halted on Thursday and resumes on Friday.

price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=AWX.SI