Lifetime Membership So much so for the hype. After AEM Holdings was given a mention in PM Lawrence Wong’s Budget 2025 speech, AEM share price surged 5% to hit a high of $1.60. However, the release of full-year financial result for FY2024 brought the counter back to Earth. Is this really the end of the road for AEM Holdings?
The past four years had been nothing short of nightmare for investors as AEM share price was razed to the ground due to the semiconductor inventory glut, Intel troubles, arbitration with business rival (Advantest) and a bizarre inventory shortfall. These setbacks have shaken confidence among investors, including myself. To restore confidence for AEM share price, AEM has replaced its CEO, CFO and COO.
Given the series of unfortunate events, one can be forgiven that the mention by PM Lawrence Wong is a signal of light at end of tunnel. After all, surely it can’t get any worse for AEM share price right? Furthermore, the mention by PM Lawrence Wong followed his visit of AEM facility with Indian PM Modi in September 2024. The visit should be seen as significant because you would surely want to showcase your best companies to foreign government leaders from US, China and India to demonstrate that your country has the talents and capabilities for innovation. AEM fits the bill with its various patents and System Level Test 2.0 solutions for AI chips.
However, the recent release of the full-year financial result caused more uncertainties than confidence over the growth of the company. Although AEM has managed to turn a corner as the semiconductor test solution provider recorded profit of $11 million for FY2024 vis-a-vis losses of $1.1 million in FY2023, the projected revenue for 1HFY2025 is only $155 million to $170 million, much lower than 2HFY2024’s.
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The only consolation for the FY2024 financial result is that the Group won an additional project to test next generation data center devices. Other than that, AEM continues to be plagued by troubles over at Intel. Revenue from new customers is expected to hit $100 million in FY2025 but not enough to offset decline in revenue from Intel.
On the basis of the financial data, it appears to me that AEM still has not wean off its reliance on Intel. And this is troubling for investors as Intel downfall is imminent with rumors of acquisition by TSMC spreading like wildfire in recent days.
In this blog, I have always maintained that on its day, AEM share price can be unbeatable. Conversely, when the tide goes against AEM share price, the counter can spiral out of control. On this note, this counter is really not for the faint-hearted. Note that this is an opinion article and not meant to be a financial advice. Please do your due diligence or engage financial advisors before investing in the stock market. I am vested in this counter, so my views on AEM share price may be biased.
AEM share price jolted by DeepSeek
The debut of DeepSeek caused plenty of anxiety among tech investors as it raised the questions on the [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]
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