$SGX-AWX, AEM (SGX) - gave a FY2022 revenue guidance last week of SGD670-720m

A few things to note:
- AEM management usually place themselves on the safer side when giving top line guidance and thus beats and have to up their guidance year after year
- The past 5 years average Net Margin usually hovers at the mean and median of 16%
- This place AEM to potentially earn SGD115m in PAT in 2022
- This is record profit per annum
- This means that the company is currently trading at 13x PE of FY2022 PAT
- 5 years mean PE of AEM stands at 20x whilst median PE stands at 16x; global based peers are all trading at much higher multiples. No need to mention Malaysian peers cos their valuation is even higher
- In 2022 there are multiple catalysts for us to be bullish on the company - from Intel ramping up capex to high chance of significant new customer win.
- Stock had declined 6% since this announcement
- This stock can be termed as both "value and growth" stock simultenously???

cc: @wsoh @ValinV @zhengyou0705 @mengteck @Jinnsern @asheryap @JXWK0116