AEM, one of my Stock Picks, has reported a Q3-2012 loss of S$0.7mn on a 47% decline in revenue to S$14.9mn.......but this poor outlook is expected........ Thursday, 1 November, 2012 10:37 AM
Posted by Kevin Scully
AEM has released its Q3-2012 results. Revenue in Q3-2012 fell 47% to S$14.9mn with AEM reporting a Q3-2012 net loss of S$0.7mn. For the nine months to September 2012, AEM's revenue is down16% to S$62.6mn while nine month net profit was S$1.1mn.
Key highlights of the results the investors should note:
a) the weakness in results is mainly from a decline in its equipment business as AEM is in the midsts of switching its core equipment from a new model to an old model. New model sales are expected to recover in the second half of 2013.
b) the substrate business continues to make losses as ......
