[%ycgQ%] AEM (SGX) - a new initiation report, this time from CITI, valuing the company at $6.37, saying the company is “well-positioned for the next phase of business growth.”

More of the same as what we've been  discussing in this thread, CITI analyst expects AEM to secure new customers from its 2HFY2022 onward and diversify its business from Intel. In addition, AEM has guided for FY2022 revenue of about $670-720 million, while Citi’s forecast stands at $703 million, 24.4% higher y-o-y. AEM’s valuations also look attractive relative to industry peers, having an FY2022 P/E ratio at about a 30% discount.

link: [%afQQ%]

This brings total coverage to 5 analysts. 
CIMB: SGD 6.85
DBS: SGD 6.04
MAYBANK: SGD 6.34
KGI: SGD 4.36
CITI: SGD 6.37

cc: [%AEbN%] [%hmHi%] [%kdFZ%] [%IMZF%] [%hWZE%] [%MPue%] [%jome%] [%LLDo%] [%lTJa%] [%OBfu%] [%NNgB%]

$SGX-AWX AEM (SGX) - a new initiation report, this time from CITI, valuing the company at $6.37, saying the company is “well-positioned for the next phase of business growth.”

More of the same as what we've been  discussing in this thread, CITI analyst expects AEM to secure new customers from its 2HFY2022 onward and diversify its business from Intel. In addition, AEM has guided for FY2022 revenue of about $670-720 million, while Citi’s forecast stands at $703 million, 24.4% higher y-o-y. AEM’s valuations also look attractive relative to industry peers, having an FY2022 P/E ratio at about a 30% discount.

link: https://www.theedgesingapore.com/capital/brokers-calls/aem-well-positioned-next-phase-business-growth-citi

This brings total coverage to 5 analysts. 
CIMB: SGD 6.85
DBS: SGD 6.04
MAYBANK: SGD 6.34
KGI: SGD 4.36
CITI: SGD 6.37

cc: @wsoh @ValinV @zhengyou0705 @mengteck @Jinnsern @FIRLGuys @khaijiunnlim @asheryap @JXWK0116 @zhexiangxd @Jay888