In today’s briefing:
- AEM: When Inventory Fell off the Truck On the Way to Penang…
- Morning Views Asia: Yanlord Land
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AEM: When Inventory Fell off the Truck On the Way to Penang…
- AEM had a bizarre announcement on Sunday evening the 14th of January 2024: inventory was “lost” on the way to Penang from its Singapore factory.
- Given AEM’s stellar corporate governance reputation up until now, this raises more than a few eyebrows: how is this even possible?
- 4Q23 results, due in a month, will feature a large restatement of FY23 results and lead to a major earnings loss. Any recovery is delayed into FY25.
Morning Views Asia: Yanlord Land
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.