AEM – analysts meeting takeaways with new CEO Albert Ng confirm that 2012 will be a transition year but investors can expect a much better 2013/2014 Tuesday, 4 September, 2012 10:24 AM
Posted by Kevin Scully
I attended a briefing with the CEO of AEM yesterday in a post Q2-2012 result briefing. The key messages for me from the meeting were:
a) company has a strong balance sheet with cash of at least S$45mn – boosted by the money from SPIL.
b) 2012 will be a year of consolidation as AEM switches its test equipment from the old to new models which will generate another strong test equipment stream of revenue and profit over the next five years.
C) The substrate business with new partner SPIL will be retooled during the rest of 2012 and should start commercial production in Q1-2013. Output will be ramped up …