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sunview Veteran	05-Jan-2017 16:40        sunview About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yesterday AEM disclosed that it has generated an outstanding order book balance of S$84.5m as at 1/1/2017. This compares well with revenues for the last few years: FY2014        $30.86m FY2015        $47.611m   1Q2016        $12.194m 2Q2016        $17.108m 3Q2016        $21.299m    Total for the 3 quarters of 2016 = $50.601m Supposedly, the orders for new equipment should generate high profit margins.
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sunview Veteran	05-Jan-2017 10:59        sunview About Contact  Quote this Post!
x 0   x 0  Alert Admin	CIMB today issued a Non-Rated report on AEM : Cutting edge product from the little red dot ■ AEM Holdings (AEM) manufactures equipment used in the semiconductor, solar and smart card industries. ■ After four years of R& D and collaboration with a major customer for a new generation equipment, AEM began winning sales orders in 2016. ■ On 9 Dec 2016, AEM announced that its outstanding orders to be recognised in 2017 were S$66.7m. Its 9M16A revenue was S$50.6m. ■ AEM trades at historical 9M16 P/BV of 1.54x and historical FY15 P/E of 6.8x. What it does We visited AEM on 12 Dec 2016. AEM is listed on the main board of the Singapore Exchange. The group designs and manufactures equipment and precision components for the semiconductor, solar, smart card and other industries. AEM has three manufacturing plants, located in Singapore, Malaysia (Penang) and China (Suzhou), respectively. Its equipment systems business accounted for 86% of its FY15 sales while the precision components & others business accounted for the remaining 14%. What has changed? According to management, in FY12, AEM started collaborating with a major customer to develop the next generation of high density modular testers that are able to test various types of computer chips on a single machine. Management highlighted that all associated costs in developing this new generation of testers have been expensed off. On 18 Mar 2016, AEM announced sales orders worth S$24.5m. This was followed by further sales orders announcements in Oct, Nov and Dec 2016. Key risks Key risks include: 1) exposure to the cyclical semiconductor industry. The company noted that the semiconductor industry is cyclical and it needs to keep abreast of rapid technological changes 2) customer concentration risk -- based on the 5 Dec issue of The Edge Singapore, AEM&rsquo s key customer is Intel. Management estimated that its key customer accounted for at least 80% of its FY15 revenue. Outlook Management believes that its future prospects are strong with its next generation high density modular test handlers entering volume production in the coming years. It also highlighted that demand for high-margin related consumables should also improve. On 9 Dec 16, AEM announced that it had an outstanding order book of S$66.7m, to be delivered in 2017. Net cash balance sheet AEM resumed its dividend payment after returning to the black in FY15. As at end Sep 2016, its balance sheet was in a net cash position. In its FY15 annual report, AEM CEO wrote that &ldquo As our business grows, we will need to look for more avenues to support our working capital needs. To date, we have relied solely on internal sources to fund our operations. However, going forward, it may be helpful for us to consider financing from financial institutions to complement our growth.&rdquo
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sunview Veteran	04-Jan-2017 10:33        sunview About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow, moved up to $0.955/0.96 ! Fundamentally, it is exciting on business turnaround. Technically it is getting riskier as its near term support is only at $0.855 due to its rapid rise.
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sunview Veteran	03-Jan-2017 16:55        sunview About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today AEM is up 5.5 cents to $0.915 currently, giving a long white candle on the chart. The former Chairman Tok Kian You sold 50k and 2,050k shares on 13/12/2016 and 16/12/2016 respectively. He ceased to be a substantial shareholder after that, and his holding is now down to 1.04% or 446,116 shares. Overhang from his selling is almost over. AEM has continued share buy-back again during December at above $0.80, after a pause in November.
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SmallSmall Supreme	09-Dec-2016 11:07        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Board of Directors of AEM Holdings Ltd wishes to announce that the Company has generated an outstanding order book balance of S$66.7 million as at 7 December 2016. This balance comprises purchase orders for equipment and kits to be delivered in the coming year.
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sunview Veteran	06-Dec-2016 15:02        sunview About Contact  Quote this Post!
x 0   x 0  Alert Admin	AEM: Fast-growing Trailing 12 months profit is highest in more than 10 years http://www.nextinsight.net/story-archive-mainmenu-60/938-2016/11181-aem-fast-growing-trailing-12-months-profit-is-the-highest-in-more-than-10-years Positive momentum on new product commercialization AEM Holdings (AEM) reported a 329% YoY rise in 3Q16 net profit, mainly due to  increasing demand for its flagship high-density semiconductor test handlers. In an analyst and investors meeting last week, management shared about the industry  and plans it has for 2017. Although still in the early phase of ramping up  production of its flagship product, we believe its growth prospects are positive  from our understanding of the indicative orders from a leading major chip maker  for the next five years. AEM&rsquo s valuations are attractive, trading at less than half of  comparable peers. We believe AEM&rsquo s share price may have the potential to  double over the next 6-12 months if it keeps up its latest performance. Production of machines requires years of close working collaboration with  customers AEM designs and builds high-density semiconductor test handlers  used by the world&rsquo s leading chip manufacturers. According to the company, its  machines allow significant quality and cost savings for customers. Its machines  are the product of 5 years of research and development investments, and it is  now in the commercialization phase, where it expects to achieve substantial  growth in 2017. We note that the customisation of its machines &ndash requiring years  of close collaboration with customers - makes it difficult for competitors to  penetrate the same segment. Improvement in financial performance over the last quarters.  Analyst Joel NgThe focus on  commercialising its high-density test handlers to customers is expected to see  improved profitability in 2017. AEM has already posted two consecutive quarters  of net profit growth. Trailing twelve months net profit is the highest in more than  ten years. Order book has almost doubled within the last nine months, increasing  to S$45.5m as at 8 November 2016 from S$24.5m in March 2016. AEM has a  healthy financial position (net cash position of S$8m as at end 3Q16), low capital  expenditure requirement, and is expected to generate positive cash flows from  operations. Attractive valuations compared to peers. AEM is currently trading at 3.9x  historical P/E compared to peers&rsquo 67x historical average P/E and 13x forward  average P/E. AEM would be trading at 3.5x forward P/E, assuming an annualised  3Q16 net profit, representing an upside of > 100% if it were to re-rate upwards as  it continues to show bottom line improvement in subsequent quarters.
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sunview Veteran	06-Dec-2016 14:52        sunview About Contact  Quote this Post!
x 0   x 0  Alert Admin	7 months down the road, share price has reached $0.79.
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sunview Veteran	09-May-2016 17:14        sunview About Contact  Quote this Post!
x 0   x 0  Alert Admin	Moved up to $0.50 in thin volume.
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sunview Veteran	11-Apr-2016 13:27        sunview About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dear Shareholders, For the financial year ended 31 December 2015, our revenues rose by 54.3%, increasing from $30.9 million to $47.6 million. The key contributor this year was our Equipment Systems business, which saw a 82.0% rise in revenue, accounting for 86.2% of AEM&rsquo s total revenue. Affected by the slowdown in the semiconductor industry, our Precision Equipment segment that accounted for 12.1% of the Group&rsquo s revenue reported a 23.8% revenue decrease. Plating and Other Services came in with a 8.0% rise in revenue, making up approximately 1.7% of our total revenue. Our revenue this year was driven largely by sales of laboratory systems machines. Our margin maintained relatively constant which rose with the increase in revenue. Into the new financial year, we expect the contributions from our equipment sales to continue and dominate as the major revenue contributor. The new machines designed and developed by our engineers have been delivered to our key customer for evaluation and testing. These machines were subsequently approved. Into the new year, we will be delivering high volume manufacturing machines that will be used for production in the factories. When shipped, their contributions will help to boost our revenue stream in the new financial year. Organisationally, we are constantly evaluating our business, realigning and reallocating resources to areas that can improve our performance. In line with this strategy, we exited from the plating business, which other than being a small revenue contributor, is an area that is difficult to scale. This move will enable us to divert our resources to business areas that are securing higher orders and growing demands. People are a very important component of our business. In FY2015, staff costs rose by 8.4%, rising from $11.2 million to $12.2 million as we geared up our engineering and field service support team. We are also providing trainings and various courses to help our employees grow and develop themselves. I am confident that we will be able to help everyone hone their skills and develop a strong and dedicated team at AEM. The reorganisation efforts over the last two years have freed up resources which we have been able to redirect to our growth business. The result at the close of FY2015 is a net profit after tax of $5.8 million representing an improvement of 121.2% compared to the net loss of $27.3 million in FY2014. Our reorganisation in 2014 got us back on track and what we have seen in 2015 is only a beginning. We are building a tremendous amount of capabilities within the Group, paving the way for our growth in the future. By continuing our efforts in designing, developing and building new equipment, we have created a niche for ourselves. It is our pride to claim that our world-class machines are " Designed, Developed and Built in Singapore" for our world-class customer. As our business grow, we will need to look for more avenues to support our working capital needs. To date, we have relied solely on internal sources to fund our operations. However, going forward, it may be helpful for us to consider financing from financial institutions to complement our growth. Moreover, as Singapore looks to increasingly focus on research and development, AEM is both a proven candidate and a good fit to showcase our country&rsquo s capabilities. We are looking forward to bringing AEM onto a new growth platform through which we can deliver values to both our stakeholders and our customers. CHARLES CHER LEW SIANG Executive Director and Chief Executive Officer (From Auunal Report 2015)
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sunview Veteran	08-Apr-2016 21:17        sunview About Contact  Quote this Post!
x 0   x 0  Alert Admin	Walah, maiden post lei  !! No surprise as this one is so illiquid. Plus this small cap (market cap < 20m) was in the red in FY2012 to FY2014. For FY2015, AEM reported earnings of $5.82m versus a loss of $39.94m in 2014. In 4Q15 the company reported a 54% rise in revenue to $47.6m and earnings of $4.56m. One cent dividend (payable in May 27, 2016) was declared. The turnaround caused share price to jump from 7% from $0.275 to $0.295 after the 4Q result was announced on Feb 23. This was a whopping 61.8% jump if compared with the close of $0.445 today, in a matter of just 6 weeks. Perhaps, the company buy-backs along the way also helped. Despite the strong rally, AEM is still trading at < 4 times its historic earnings per share of 12.99 cents, and at just 0.81 times its net asset value of  55.2 cents per share. Since 2011, the company has restructured and divested some of its loss-making businesses. In 2014, AEM&rsquo s substrate business , a joint venture with Silicon Precision Industries (better known as SPIL) was sold for $3m. Last year, AEM also sold a property in Malaysia for RM8m. In Feb 2016, AEM said it planned to sell its plating business in China for RMB6.63m. In the latest issue (723) of The EDGE Singapore,   CEO Charles Cher indicated they are planning to expand its customer base,  to scale up their modular handlers business, to  expand capacity to cope with orders and to add headcounts.
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