$AEM SGD (AWX.SG)$ Maybank KE and UOB KH focus on near-term ...

Maybank KE and UOB KH focus on near-term challenges -- such as declining Intel business contributions and AEM's high valuations relative to near-term earnings. They have sell ratings with TPs of 1.10.

DBS, however, highlights AEM's longer-term prospects driven by its technological leadership and by industry megatrends like AI and IoT. DBS expect an earnings turnaround starting in FY25, supported by a growing traction with new customers. DBS have buy rating with TP of 1.72.

A recovery is not expected anytime soon. So maybe can take profit around 1.45.