Daily BriefsSingapore

Daily Brief Singapore: AEM and more

In today’s briefing:

  • AEM: Another Solid Earnings Report, but Mr. Market Remains Worried on Outlook

AEM: Another Solid Earnings Report, but Mr. Market Remains Worried on Outlook

By Nicolas Van Broekhoven

  • AEM reported its best PBT 3Q and 9M22 results ever, yet investors remain skeptical of its FY23 outlook
  • Management reiterated guidance and provided a bullish statement about the coming years
  • AEM EPS likely to reach at least 0.42 SGD leaving the stock trading at only 7.8x P/E FY22 

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