William Tng Raises AEM Price Target to S$10.15 and Reiterates Buy on Strong Earnings Upcycle and AI-Driven Growth
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Analyst William Tng from CGS International has raised the price target for AEM Holdings Ltd. to S$10.15 from S$4.86, maintaining a Buy rating. This adjustment is based on a strong earnings upcycle and a diverse customer base, including partnerships with ASE Technology and new AI clients. Tng anticipates an 83% EPS CAGR from FY25-28, justifying the stock's re-rating. He notes potential risks such as order delays and macroeconomic challenges. DBS also maintains a Buy rating with a S$4.60 target.
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