Brokers' take

AEM Holdings | Buy (maintained) Aug 14 close: S$1.11 Target price: S$1.40 Maybank Kim Eng, Aug 14

Q2 bottomline rose 65 per cent year-on-year to S$15.7 million, largely driven by HDMT and STHI test handler (TH) sales to its key customer. First-half bottomline accounts for 65 per cent of our FY2019 forecast, surpassing our expectations.

As system-level test gains significance for its customer, we see a possibility of higher FY2019 revenue guidance from AEM.