AEM SGD    Last:8.81    -0.64

AEM (+Venture, UMS) the most AI-relevant SGX stock

power la guys. cant believe its been 5-6 years since AEM' s last high of $5ish during covid and then crashing to $1+. 

congrats to everyone who held on/bought at low! 

huat ah $10 is no longer a dream!

 

I think all the funds and their managers and also the Ang Mo houses are waiting for the updates from ASE this afternoon.
Probably a re-rating upwards of AEM after ASE results update.

 

I&rsquo ve been reading the recent buzz on the forum regarding AEM&rsquo s future and the &ldquo $8.00&rdquo price target. I think it&rsquo s useful to separate the factual macro-trends from the speculative hype we see on forums.

What&rsquo s Factual (The Macro-Story):

• 
  
  The $7 trillion estimate for global AI data centre investment is consistent with recent industry reports from major research firms. The shift toward AI and HPC is clearly driving massive infrastructure spending, and AEM is certainly positioned within this growth space.

What&rsquo s Speculative (The Hype):

• 
  
  The " Bottleneck" Theory:  While AEM provides essential thermal testing solutions, labeling them a " bottleneck" (and inherently more valuable than a platform like iFAST) is a subjective marketing view. Investors should remember that hardware players operate differently than service platforms they face distinct risks like cyclicality and intense competition from global giants like Advantest and Teradyne.
• 
  
  The " $8.00" Target:  While some brokerages have recently issued optimistic target prices (some as high as S$10+), these are analyst models based on specific earnings assumptions. They are not market certainties.
• 
  
  The " Black Market" Language:  We see a lot of language here designed to create urgency or FOMO (e.g., &ldquo no horse run,&rdquo &ldquo black market secrets&rdquo ). In my view, it&rsquo s safer to ignore the theatrics and focus on the cold hard data&mdash like margin expansion, patent updates, and execution with new customers.

My Takeaway:
The macro-story for AI infrastructure is real, but don' t let the emotional forum hype cloud your due diligence. AEM is an exciting tech-hardware play, but it&rsquo s still subject to the realities of patent litigation and competitive cycles. Focus on the actual quarterly results and the progress of the ASE/AI contract ramp-up rather than the " generation stock" narrative.

DYODD, and trade responsibly.

aragosta      ( Date: 29-Apr-2026 11:41) Posted: WOW, so much interest now...... As I said, one of the highlights of the AGM presentation was how the CEO talked enthusiastically about our capture of ASE Technology as a major business partner. Indeed, there were many high profile and global Goliaths vying for the partnership with ASE, but ASE ultimately chose AEM, because they see the great potential in AEM The ASE Technology  Q1 2026 earnings conference is scheduled for today, Wednesday, 29 April 2026, at 3:00 PM Singapore Time (SGT).  You can join using their Official Webcast (  ASE Investor Events page) to find the direct link for the 2026 Q1 Earnings Conference webcast. The black market already knew some preliminary data for this quarter, which includes unaudited net revenues of US$5.508 billion for Q1 2026, which was a 17.2% increase year-over-year. I will try to provide a summary of the key financial figures and  key takeaways as soon as they are posted on the gangsters' notice board.  one last note.... if you find AEM is too pricey and beyond you, go for UMS, yet to really run, easily three soon, could go up to four by mid year but dyodddd please... aragosta      ( Date: 28-Apr-2026 16:14) Posted: From a gangster' s WhatsApp message....... " This was easily the most riveting AGM presentation I' ve attended - not for the delivery, but for the sheer substance of the content. The CEO' s revelation regarding the partnership with ASE, which he referred to as the ' fourth anchor business partner,' was a major highlight. For those tracking AEM&rsquo s growth, it' s worth watching ASE' s quarterly results tomorrow. Unlike many blue chips that see price dips following their presentations at the AGMs, AEM' s share price rose steadily throughout the session, reflecting the market' s confidence in the new and valuable information."

 

WOW, so much interest now......

As I said, one of the highlights of the AGM presentation was how the CEO talked enthusiastically about our capture of ASE Technology as a major business partner. Indeed, there were many high profile and global Goliaths vying for the partnership with ASE, but ASE ultimately chose AEM, because they see the great potential in AEM

The ASE Technology  Q1 2026 earnings conference is scheduled for today, Wednesday, 29 April 2026, at 3:00 PM Singapore Time (SGT). 

You can join using their Official Webcast (  ASE Investor Events page) to find the direct link for the 2026 Q1 Earnings Conference webcast.

The black market already knew some preliminary data for this quarter, which includes unaudited net revenues of US$5.508 billion for Q1 2026, which was a 17.2% increase year-over-year.

I will try to provide a summary of the key financial figures and  key takeaways as soon as they are posted on the gangsters' notice board. 

one last note.... if you find AEM is too pricey and beyond you, go for UMS, yet to really run, easily three soon, could go up to four by mid year but dyodddd please...

aragosta      ( Date: 28-Apr-2026 16:14) Posted: From a gangster' s WhatsApp message....... " This was easily the most riveting AGM presentation I' ve attended - not for the delivery, but for the sheer substance of the content. The CEO' s revelation regarding the partnership with ASE, which he referred to as the ' fourth anchor business partner,' was a major highlight. For those tracking AEM&rsquo s growth, it' s worth watching ASE' s quarterly results tomorrow. Unlike many blue chips that see price dips following their presentations at the AGMs, AEM' s share price rose steadily throughout the session, reflecting the market' s confidence in the new and valuable information."

 

Every buy also can earn money easily. AEM Keep going 

 

Congratulations bro.
Longest and strongest supporter of AEM.
Very well done !
Big Big Big Huat to you.

aragosta      ( Date: 28-Apr-2026 23:50) Posted: Nowadays, the Black Market people like to say, when we talk about AI related business world, we don' t say billions, we talk trillions...... ====== The global semiconductor industry is projected to reach  US$1 trillion in annual revenue by 2030, a milestone fueled by the massive infrastructure needs of Artificial Intelligence (AI) and High-Performance Computing (HPC). This structural shift creates a high-growth environment  for  AEM Holdings, as increasingly complex chips require the advanced testing solutions the company provides. AEM aims to capture this market through its System Level Test (SLT) solutions for advanced chips and by expanding its customer base, including a major AI/HPC customer and a leading memory player. ====== This is phenomenal growth projection was confirmed by Samer Kabbani, CEO of AEM Holdings, at the AGM held on 28 April 2026. This is part of what he said: " And, you know, the recent estimates are projecting about a $7 trillion($7,000,000,000,000) investment in data centres in the next 5 years. That' s an unprecedented investment. Nothing in humanity comes close to that as far as the investment (is concerned).  And within that, the semiconductor industry is taking a large portion of that, estimating the investment to rise from $0.8 trillion to $1.6 trillion. Within that, almost 62% is related to AI and high performance computing. So it' s important when you invest in a company to know what' s the space in place then? Is it a growth space? And for us,  AEM DEFINITELY IS PLACED IN THE GROWTH SPACE AND EXCITING SPACE&rdquo that' s as far as I would go, the rest you have to wait for the minutes of the meeting to be published later.....I also will try not to koyok sell too much, until the series of major developments happened or are announced ..... All I can said, if you are among those who are vested, you are in an exciting space, and there are much more to come and you haven' t see the very best yet. For those who have sold, congrats to you, but it is best you stay away and not look at the price, because the heart pain can be quite excruciating in time to come...... Read my earlier post, one of which I described that this Monster is a generation stock, never to be repeated in your lifetime.  aragosta      ( Date: 29-Mar-2026 17:42) Posted: In case there are doubts of a black market report on the possibility of AEM' s price surge to eight, I shall post a snippet of it, a short summary...... but it is to be used for future reference only, because when the No Horse Run truly starts, it will be too late for you to do anything........ believe or unbeliever, don' t blame anyone...... as I said, there' s a war going on, but AEM has shown remarkable resilience in the face of all the ballistic missiles raining on it....... if you don' t know already, that' s the characteristic of a TRULY AI relevant stock......... ========== The Executive Summary:  Is AEM' s price today " Expensive" or still " Early Days" ? While the NAV looks high, in the AI era, Intellectual Property is more valuable than physical assets. AEM' s worth isn' t found in its factories or its cash: it is found in the 2,000-watt thermal barrier it has broken, the SLT brain it has perfected, and the Taiwanese Lab-to-Fab bridge it has built.  This " Triple-Pillar Moat" , that balance sheets can' t capture, is its true book value. If AEM can raise its Net Margin from the current ~4% toward the industry standard of 15% to 20%, the $8.00 target isn' t just possible: it' s supported by the same math that drove iFAST to surge from $1 to $10 in under one year. And here' s the scary part: the black market thinks  AEM is " More Valuable" than iFAST on current form. While iFAST' s surge was remarkable, AEM' s structural setup is arguably  more robust. AEM possesses significantly more positive drivers than iFAST did at its inflection point ~  iFAST is a  platform  (it connects people to products). ~  AEM is a  bottleneck  (the products cannot exist without their tech). Investors pay much higher P/E multiples for " Bottlenecks" than they do for " Platforms" . So, in summing up, if  you judge AEM by the weight of  its physical assets, it looks expensive. If you judge it by its role as the indispensable gatekeeper of the AI supply chain, it is still early days.  This isn' t just a hardware play it is the AI Quality-Assurance Standard for the next decade. ​ dyoddd, please.....

 

really gangsters stock man..

aragosta      ( Date: 27-Apr-2026 10:45) Posted: WOW! WOW!! This Monster no need 5 days, it takes ONE DAY to hit $6.84! Next target $7.84, close to mafia' s short term target of eight? The gangsters' belief that it is NOT a iFAST in the making, but a " Nvidia" type of bohbehchow run is no more a joke! aragosta      ( Date: 25-Apr-2026 00:53) Posted: Wow.... this monster really hit $5.84, and more, in 10 days! lets see it will hit 6.84 in five days.....  Right now, Nasdaq is on fire...... and may lend a helping hand.... or leg..... Remember, theres also two brewings to come.....  Nasdaq Climbs Back Near Record as Chip Stocks Rally.....The Nasdaq was back near its highest levels on record as chip stocks kept their win streak alive following Intel&rsquo s earnings report. https://uk.finance.yahoo.com/news/intel-set-spark-early-wall-131629602.html

 

Yes, from the such a speed, it will overtake the banks very soon.

aragosta      ( Date: 27-Apr-2026 10:45) Posted: WOW! WOW!! This Monster no need 5 days, it takes ONE DAY to hit $6.84! Next target $7.84, close to mafia' s short term target of eight? The gangsters' belief that it is NOT a iFAST in the making, but a " Nvidia" type of bohbehchow run is no more a joke! aragosta      ( Date: 25-Apr-2026 00:53) Posted: Wow.... this monster really hit $5.84, and more, in 10 days! lets see it will hit 6.84 in five days.....  Right now, Nasdaq is on fire...... and may lend a helping hand.... or leg..... Remember, theres also two brewings to come.....  Nasdaq Climbs Back Near Record as Chip Stocks Rally.....The Nasdaq was back near its highest levels on record as chip stocks kept their win streak alive following Intel&rsquo s earnings report. https://uk.finance.yahoo.com/news/intel-set-spark-early-wall-131629602.html

 

Nowadays, the Black Market people like to say, when we talk about AI related business world, we don' t say billions, we talk trillions......
======

The global semiconductor industry is projected to reach  US$1 trillion in annual revenue by 2030, a milestone fueled by the massive infrastructure needs of Artificial Intelligence (AI) and High-Performance Computing (HPC). This structural shift creates a high-growth environment  for  AEM Holdings, as increasingly complex chips require the advanced testing solutions the company provides. AEM aims to capture this market through its System Level Test (SLT) solutions for advanced chips and by expanding its customer base, including a major AI/HPC customer and a leading memory player.

======

This is phenomenal growth projection was confirmed by Samer Kabbani, CEO of AEM Holdings, at the AGM held on 28 April 2026. This is part of what he said:

" And, you know, the recent estimates are projecting about a $7 trillion($7,000,000,000,000) investment in data centres in the next 5 years. That' s an unprecedented investment. Nothing in humanity comes close to that as far as the investment (is concerned). 

And within that, the semiconductor industry is taking a large portion of that, estimating the investment to rise from $0.8 trillion to $1.6 trillion. Within that, almost 62% is related to AI and high performance computing. So it' s important when you invest in a company to know what' s the space in place then? Is it a growth space? And for us,  AEM DEFINITELY IS PLACED IN THE GROWTH SPACE AND EXCITING SPACE&rdquo

that' s as far as I would go, the rest you have to wait for the minutes of the meeting to be published later.....I also will try not to koyok sell too much, until the series of major developments happened or are announced ..... All I can said, if you are among those who are vested, you are in an exciting space, and there are much more to come and you haven' t see the very best yet. For those who have sold, congrats to you, but it is best you stay away and not look at the price, because the heart pain can be quite excruciating in time to come......
Read my earlier post, one of which I described that this Monster is a generation stock, never to be repeated in your lifetime. 

aragosta      ( Date: 29-Mar-2026 17:42) Posted: In case there are doubts of a black market report on the possibility of AEM' s price surge to eight, I shall post a snippet of it, a short summary...... but it is to be used for future reference only, because when the No Horse Run truly starts, it will be too late for you to do anything........ believe or unbeliever, don' t blame anyone...... as I said, there' s a war going on, but AEM has shown remarkable resilience in the face of all the ballistic missiles raining on it....... if you don' t know already, that' s the characteristic of a TRULY AI relevant stock......... ========== The Executive Summary:  Is AEM' s price today " Expensive" or still " Early Days" ? While the NAV looks high, in the AI era, Intellectual Property is more valuable than physical assets. AEM' s worth isn' t found in its factories or its cash: it is found in the 2,000-watt thermal barrier it has broken, the SLT brain it has perfected, and the Taiwanese Lab-to-Fab bridge it has built.  This " Triple-Pillar Moat" , that balance sheets can' t capture, is its true book value. If AEM can raise its Net Margin from the current ~4% toward the industry standard of 15% to 20%, the $8.00 target isn' t just possible: it' s supported by the same math that drove iFAST to surge from $1 to $10 in under one year. And here' s the scary part: the black market thinks  AEM is " More Valuable" than iFAST on current form. While iFAST' s surge was remarkable, AEM' s structural setup is arguably  more robust. AEM possesses significantly more positive drivers than iFAST did at its inflection point ~  iFAST is a  platform  (it connects people to products). ~  AEM is a  bottleneck  (the products cannot exist without their tech). Investors pay much higher P/E multiples for " Bottlenecks" than they do for " Platforms" . So, in summing up, if  you judge AEM by the weight of  its physical assets, it looks expensive. If you judge it by its role as the indispensable gatekeeper of the AI supply chain, it is still early days.  This isn' t just a hardware play it is the AI Quality-Assurance Standard for the next decade. ​ dyoddd, please..... aragosta      ( Date: 29-Mar-2026 12:39) Posted: I wrote not too long ago, there would be a new development, didn' t knoe it would be so soon..... in any case, I wrote again below, there could be  another  development, (this is a separate one) and I can confirm this one got nothing to do with a contract win....... I decided against posting the black market' s lengthy analysis on the possibility of AEM hitting eight, or even the chance of doing an iFAST style of price surge..... But there' s a war going on, with the degree of unpredictability increasing as of now......Like, what if a nuclear bomb is dropped.... besides, I will be travelling.....not forgetting it is not my business to feed the mercenaries......so maybe, some time later..... if there' s interest....... In any case, my advice to the shortists still remains: do not try to short this stock like it' s your hobby......   all things being equal before the war, the stock would have been half way to the moon by now.......fortunately the AI Boom would mitigate all the negatives of the US/Iran conflict, and so even in the midst of an ugly war, AEM will still look pretty........ Meanwhile, do look out for the unusual movement of Sembcorp......The gangsters are not playing a fool with their numbers...... this could be another surprise packet coming out from the rumbles of the war.......

 

Thanks to Aragosta and JurongW for the insightful postings. I have been holding tightly to my holdings. Looking at price actions, strong Institutional support foe this stock.

 

Good also. Need people with long term vision and holding power $$$

parcvista      ( Date: 28-Apr-2026 16:51) Posted: Looks like no more interest from retail traders either sold too early or dare not enter, mo more excitement

 

Looks like no more interest from retail traders either sold too early or dare not enter, mo more excitement

 

don' t want to attract watchdog' s attention..

parcvista      ( Date: 28-Apr-2026 16:42) Posted: Shooting sky high, but so quiet here in the forum, why no shouting ???

 

DBS said reviewing TP since last week following Intel' s result.
I suppose it is still thinking what PE to use for AEM.
Use a lower PE than market, later tio criticised by people.
Use an exuberent PE also not DBS research house style.
But I think end of the day, DBS had  done well for coverage of AEM. When all are issuing Sell / Hold rating, DBS is the only one to upgrade AEM to BUY when the price is at $1.20+ last year.
So just stick to your analysis, ignoring market price as per last year. 
Waiting for your updated report.     

 

Shooting sky high, but so quiet here in the forum, why no shouting ???

 

AEM is like a rocket...up up and away....

aragosta      ( Date: 27-Apr-2026 14:52) Posted: Please lah, ah tong...... concentrate on money making,  don' t insinuate or instigate.......But I  hope you didn' t throw when this Monster hit six, as you have hoped for ...... Look, throughout all my threads, including this, i always insisted I never have " insiders information" , I always claim that the gangsters anyhow guess, and the coffee shop uncles anyhow talk.....but the problem is that, all these coffee shop stories somehow often come true.......so, what to do?  So, in case, I anyhow talk before the AGM and results, and the stories come true, how?  So,. better don' t talk much lah.....better be safe than sorry lah...... price is flying, talk is flooding.......people are exuberantly saying it will hit $10, $15, $20...... but the problem is --  this might be true, because if what I heard from the mafia chiefs is true , the next big technological business they are going in, will be bigger, more earnings, more revenues, more profits, higher dividends, higher price, than this AI/HPC thingy we been obsessed with.....if really really true, it may bring us to the next level of growth, and onto a " Nvidia" type of price surge......unbelievable, right? you are here in this thread, and convert from a disbeliever to a unbeliever believer and buy into  the stock, and now making tons..... so give some thought, and credit, to this lah..... but please remember this is gangsters talking dangerously, to excite people.......   tongphlp      ( Date: 27-Apr-2026 10:18) Posted: haha...no such thing as " early know" one lah and congrats to all who didnt run road...yet.. SGX may query soon....cause at this rate, up $1 a day, even $20 is not far from the horizon..

 

From a gangster' s WhatsApp message.......

" This was easily the most riveting AGM presentation I' ve attended - not for the delivery, but for the sheer substance of the content. The CEO' s revelation regarding the partnership with ASE, which he referred to as the ' fourth anchor business partner,' was a major highlight. For those tracking AEM&rsquo s growth, it' s worth watching ASE' s quarterly results tomorrow. Unlike many blue chips that see price dips following their presentations at the AGMs, AEM' s share price rose steadily throughout the session, reflecting the market' s confidence in the new and valuable information."

 

There' s another classic golden saying in the Black Market, when positive news keep coming one after another........

" When the God of Fortune keeps coming, leave your door wide open."

===============

The following news article is  highly positive  for semiconductor companies like AEM and UMS, as it confirms that the " AI-led electronics surge" is effectively insulating these firms from broader geopolitical risks for now. 

Singapore' s manufacturing output beats forecasts in March. The electronics cluster was a standout performer, surging 30 per cent year on year in March ~ its fastest expansion since late 2024. The cluster' s performance was driven by the infocomms and consumer electronics segment, which jumped 72.1 per cent, and semiconductors, which rose 30.6 per cent. 
https://www.businesstimes.com.sg/singapore/singapores-manufacturing-output-beats-forecasts-march-chemicals-decline-signals-emerging-iran-war

Why this news development matters to both AEM and UMS Integration
Singapore' s reported 30.6% surge in semiconductor output, driven by AI demand, indicates a sector-wide upcycle that directly benefits key industry players AEM Holdings and UMS Integration, validating their potential for strong FY 2026 performance, according to analysis in The Business Times. UMS is positioned as a front-end beneficiary due to its ties to major equipment makers, while AEM benefits from increased testing demands for high-performance AI chips.

 

Please lah, ah tong...... concentrate on money making,  don' t insinuate or instigate.......But I  hope you didn' t throw when this Monster hit six, as you have hoped for ......

Look, throughout all my threads, including this, i always insisted I never have " insiders information" , I always claim that the gangsters anyhow guess, and the coffee shop uncles anyhow talk.....but the problem is that, all these coffee shop stories somehow often come true.......so, what to do? 

So, in case, I anyhow talk before the AGM and results, and the stories come true, how? 

So,. better don' t talk much lah.....better be safe than sorry lah......

price is flying, talk is flooding.......people are exuberantly saying it will hit $10, $15, $20......

but the problem is --  this might be true, because if what I heard from the mafia chiefs is true , the next big technological business they are going in, will be bigger, more earnings, more revenues, more profits, higher dividends, higher price, than this AI/HPC thingy we been obsessed with.....if really really true, it may bring us to the next level of growth, and onto a " Nvidia" type of price surge......unbelievable, right?

you are here in this thread, and convert from a disbeliever to a unbeliever believer and buy into  the stock, and now making tons..... so give some thought, and credit, to this lah.....

but please remember this is gangsters talking dangerously, to excite people.......

tongphlp      ( Date: 27-Apr-2026 10:18) Posted: haha...no such thing as " early know" one lah and congrats to all who didnt run road...yet.. SGX may query soon....cause at this rate, up $1 a day, even $20 is not far from the horizon..   aragosta      ( Date: 27-Apr-2026 10:02) Posted: Monstrous opening! I decided not to post any more comment until after theAGM and 1Q business update this week..... Not to sound like as if I know everything, but the " feeling" from the coffee shops is super good........ Unbelievable as it seems, mafia short to mini mid term target could be breached this week, if no nuclear war those who sold Genting and bought into Keppel should have gotten into this Monster........  money would have double by now.......​

 

WOW! WOW!!
This Monster no need 5 days, it takes ONE DAY to hit $6.84!
Next target $7.84, close to mafia' s short term target of eight?
The gangsters' belief that it is NOT a iFAST in the making, but a " Nvidia" type of bohbehchow run is no more a joke!

aragosta      ( Date: 25-Apr-2026 00:53) Posted: Wow.... this monster really hit $5.84, and more, in 10 days! lets see it will hit 6.84 in five days.....  Right now, Nasdaq is on fire...... and may lend a helping hand.... or leg..... Remember, theres also two brewings to come.....  Nasdaq Climbs Back Near Record as Chip Stocks Rally.....The Nasdaq was back near its highest levels on record as chip stocks kept their win streak alive following Intel&rsquo s earnings report. https://uk.finance.yahoo.com/news/intel-set-spark-early-wall-131629602.html     aragosta      ( Date: 12-Apr-2026 15:18) Posted: This beauty didn' t hit $4.84 in 10 days....   But it was close enuf, it did it in 15 days......so in another 10 days, can we expect the same pattern? Maybe, if it coincides with the convincingly ending of the conflict......and that' s not all, if the gangsters are to be believed, besides the brewing development that has nothing to do with a contract win, and which I mentioned earlier, there is also another news of a possible incoming new customer, with the help of a partner........ there' s not much interest in here anyway, so I shouldn' t be talking too much on this,... in any case, write so much, also nobody read, also one-ime dissident ah tong has been doing an excellent job promoting and selling......don' t want to steal his thunder.... btw, I also asked you to look out for Sembcorp' s unusual movements, and as it happened, it is actually crying out to you, it could reach eight as early as this month (impossible, right?), if not, by latest next month.... don' t ask me why, I also don' t know why...... but you know the mafia .... they don' t play games.....