Insight Provider, CrossASEAN Research

Nicolas Van Broekhoven

Insight Provider

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/aem-holdings-ltd" target="_blank" data-smartkarma-citation="entities:11019:1" rel="noopener">AEM (AEM SP)</a> announced a new CEO as of 30th of May 2024. The new CEO officially starts 1st of July 2024.</li>
<li>Amy Leong will take over from Chandran Nair as she leaves her Chief Commercial Officer role at <a href="https://www.smartkarma.com/entities/formfactor-inc" target="_blank" data-smartkarma-citation="entities:20309:1" rel="noopener">Formfactor Inc (FORM US)</a>. </li>
<li>Given the weak business results and inventory management issues it should be expected that Mrs Leong would want to clean the proverbial house before she starts in her new role.</li>
</ul>



AEM (AEM SP) announced a new CEO as of 30th of May 2024. The new CEO officially starts 1st of July 2024.
Amy Leong will take over from Chandran Nair as she leaves her Chief Commercial Officer role at Formfactor Inc (FORM US). 
Given the weak business results and inventory management issues it should be expected that Mrs Leong would want to clean the proverbial house before she starts in her new role.


AEM Holdings: New CEO = One Final Kitchen Sink in 2Q24?

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul>
<li>RHB and DBS maintain 'neutral' outlook on Wilmar despite strong 2QFY2026 results.</li>
<li>Analysts remain optimistic about Frencken's outlook for the strong second half.</li>
<li>Analysts remain optimistic on Singtel after 1QFY2027 earnings exceeded forecasts.</li>
</ul>


RHB and DBS maintain 'neutral' outlook on Wilmar despite strong 2QFY2026 results.
Analysts remain optimistic about Frencken's outlook for the strong second half.
Analysts remain optimistic on Singtel after 1QFY2027 earnings exceeded forecasts.


Singapore Market Roundup (14-Aug-2026): RHB and DBS keep 'neutral' stance on Wilmar after strong

<ul><li>RHB's Yeo is optimistic about Food Empire, setting a target price of $3.36.</li><li>RHB keeps 'buy' rating and $11.20 target on CDL before strategic review.</li><li>Analysts' views on Seatrium remain steady after an uneventful 1QFY2026.</li></ul>

RHB's Yeo is optimistic about Food Empire, setting a target price of $3.36.RHB keeps 'buy' rating and $11.20 target on CDL before strategic review.Analysts' views on Seatrium remain steady after an uneventful 1QFY2026.

Singapore Market Roundup (03-Jun-2026): RHB's Yeo sets a target price of $3.36 for Food Empire.

<ul><li>1QFY2026 performance solidifies analysts' perspectives on Seatrium.</li><li>Nvidia enters PC market with RTX Spark; DBS's Tan keeps 'buy' on AEM.</li><li>PhillipCapital's Chew keeps Geo Energy at 'buy' with a target of 75 cents.</li></ul>

1QFY2026 performance solidifies analysts' perspectives on Seatrium.Nvidia enters PC market with RTX Spark; DBS's Tan keeps 'buy' on AEM.PhillipCapital's Chew keeps Geo Energy at 'buy' with a target of 75 cents.

Singapore Market Roundup (02-Jun-2026): 1QFY2026 results bolster analysts' views on Seatrium.

<ul><li>JP Morgan remains underweight on MINT due to occupancy, forex, and rate pressures.</li><li>AEM rises after 1QFY2026 results; DBS boosts target price to $11.80.</li><li>Maybank downgrades ComfortDelGro to 'hold' after weak 1QFY2026 results.</li></ul>

JP Morgan remains underweight on MINT due to occupancy, forex, and rate pressures.AEM rises after 1QFY2026 results; DBS boosts target price to $11.80.Maybank downgrades ComfortDelGro to 'hold' after weak 1QFY2026 results.

Singapore Market Roundup (14-May-2026): JP Morgan is underweight on MINT amid occupancy and rate

Singapore

AEM is a global leader in providing customized, application-specific test and handling solutions for the semiconductor and electronics industries. The company's offerings, including handlers and test inserts, are crucial for ensuring the quality and reliability of advanced chips used in AI and high-performance computing. AEM was established in 1990 and is headquartered in Singapore.

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AEM (AEM SP)

AEM Holdings: New CEO = One Final Kitchen Sink in 2Q24?

AEM Holdings announced new CEO Amy Leong, who will start on July 1, 2024. She is likely to kitchen sink results and the outlook as she takes control.

Nicolas Van Broekhoven

Singapore Market Roundup (14-Aug-2026): RHB and DBS keep 'neutral' stance on Wilmar after strong

RHB and DBS keep a 'neutral' outlook on Wilmar despite strong 2QFY2026 results, while analysts are optimistic about Frencken and Singtel's earnings.

Singapore Market Roundup

Singapore Market Roundup (03-Jun-2026): RHB's Yeo sets a target price of $3.36 for Food Empire.

RHB's Yeo targets $3.36 for Food Empire, maintains 'buy' on CDL at $11.20 before review, while analysts' views on Seatrium stay steady post 1QFY2026.

Singapore Market Roundup

Singapore Market Roundup (02-Jun-2026): 1QFY2026 results bolster analysts' views on Seatrium.

1QFY2026 results boost analysts' views on Seatrium. Nvidia launches RTX Spark in PCs; DBS's Tan maintains 'buy' on AEM, while PhillipCapital's Chew...

Singapore Market Roundup

Singapore Market Roundup (14-May-2026): JP Morgan is underweight on MINT amid occupancy and rate

JP Morgan is underweight on MINT due to various pressures. AEM rises post 1QFY2026 results; DBS raises target to $11.80. Maybank downgrades...

Singapore Market Roundup

Price Gauge

52-week Range

Market Cap (USDm)

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AEM Holdings: New CEO = One Final Kitchen Sink in 2Q24?

​AEM Holdings announced new CEO Amy Leong, who will start on July 1, 2024. She is likely to kitchen sink results and the outlook as she takes control.

Nicolas Van Broekhoven

Singapore Market Roundup (14-Aug-2026): RHB and DBS keep 'neutral' stance on Wilmar after strong

RHB and DBS keep a 'neutral' outlook on Wilmar despite strong 2QFY2026 results, while analysts are optimistic about Frencken and Singtel's earnings.

Singapore Market Roundup

Singapore Market Roundup (03-Jun-2026): RHB's Yeo sets a target price of $3.36 for Food Empire.

RHB's Yeo targets $3.36 for Food Empire, maintains 'buy' on CDL at $11.20 before review, while analysts' views on Seatrium stay steady post 1QFY2026.

Singapore Market Roundup

Singapore Market Roundup (02-Jun-2026): 1QFY2026 results bolster analysts' views on Seatrium.

1QFY2026 results boost analysts' views on Seatrium. Nvidia launches RTX Spark in PCs; DBS's Tan maintains 'buy' on AEM, while PhillipCapital's Chew...

Singapore Market Roundup

Singapore Market Roundup (14-May-2026): JP Morgan is underweight on MINT amid occupancy and rate

JP Morgan is underweight on MINT due to various pressures. AEM rises post 1QFY2026 results; DBS raises target to $11.80. Maybank downgrades...

Singapore Market Roundup

AEM Holdings announced new CEO Amy Leong, who will start on July 1, 2024. She is likely to kitchen sink results and the outlook as she takes control.