$SGX-AWX revises its revenue guidance UPWARDS, despite the current market condition, and largest customer Intel cutting capex guidance.

In the statement, it says: upwards to between S$820 million and S$850 million as a result of increased demand from NEW AND EXISTING customers.

AEM share price had been battered 22% in the past week alone, following the general market condition / sentiment on worldwide tech manufacturing & semiconductor sector.

Whilst the worry of "peak earnings" for FY22 could be real due to Intel predicaments, I take comfort that their diversification efforts seems to be coming into fruition to unlock new revenue streams.

A simple back of napkin calculation... of SGD835m at 15% NPM means FY2022 profit of SGD125m. Currently AEM is trading at 7.9x 2022 fwd earnings. A bargain?

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