Highlights
KLSE: AEMULUS (0181)       AEMULUS HOLDINGS BERHAD ACE : Technology
Last Price Today's Change   Day's Range   Trading Volume
0.645   -0.015 (2.27%)  0.64 - 0.67  7,072,200
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Overview

Market Cap: 283 Million
NOSH: 439 Million
Avg Volume (4 weeks):5,502,330
4 Weeks Range:0.60 - 0.715
4 Weeks Price Volatility (%):
39.13%
52 Weeks Range:0.16 - 0.75
52 Weeks Price Volatility (%):
82.20%
Average Price Target: 0.15
Price Target Upside/Downside: -0.495

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2017[#4]  |  16-Nov-2017
Next QR | Est. Ann. Date: 31-Dec-2017  |  23-Feb-2018
T4Q P/E | EY: 37.48  |  2.67%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.17  |  3.79
T4Q NP Margin | ROE: 18.85%  |  10.12%

Headlines

Date Subject
10-Nov-2017 Traders' Corner - Aemulus Holdings (AMLS MK)
10-Nov-2017 M+ Online Technical Focus - 10 Nov 2017
10-Nov-2017 Daily Technical Highlights - (MAYBULK, AEMULUS)
08-Nov-2017 AEMULUS站在巨人的肩膀与风口
30-Oct-2017 Automation系列之第四篇-Aemulus 第四篇 之 Aemulus的全部客户
11-Oct-2017 Automation系列之第四篇-Aemulus 第三篇 之 一个月后营业额破新高?
02-Oct-2017 AEMULUS DETERIORATING FUNDAMENTAL - BETTER SELL FAST (Calvin Tan Research)
30-Sep-2017 Automation 系列 : 眺望前方 (Vitrox, Penta, Aemulus, Elsoft, Vis)
18-Sep-2017 Automation系列之第四篇-Aemulus 第二篇 之 Director们听到读者的心声?
17-Sep-2017 Automation系列之第四篇-Aemulus篇 (Author:Morgan Lim 反思者)
13-Sep-2017 Daily Technical Highlights - (KPS, AEMULUS)
05-Sep-2017 Aemulus – Radio Frequency(RF)测试技术独树一格!
21-Aug-2017 The Edge weekly ~ Catching the next big wave - Semiconductor [Goreng Goreng]
06-Jul-2017 TECHNICAL BUY - AEMULUS (0181)
21-May-2017 Aemulus sail with Energous and Apple in 2017-2019
19-May-2017 Aemulus Holdings Berhad - Cease coverage
18-May-2017 Aemulus - Technology Star in 2017
05-Apr-2017 Daily technical highlights - (MIKROMB, AEMULUS)
25-Jan-2017 推新产品.明试有望转亏为盈
24-Jan-2017 PublicInvest Research Headlines - 24 Jan 2017

Business Background

Aemulus Holdings Berhad, an investment holding company, designs, assembles, and sells automated test equipment. It also provides test and measurement instruments, as well as related services and design consultancy services.

The company’s products include Amoeba 4200, an analog/linear tester; Amoeba 4100-D, a small-signal discrete tester; Amoeba 7600, a radio frequency front-end device tester; Amoeba 1340c, a source and measure unit; and Amoeba 4600, a digital/mixed signal test platform.

It serves multinational semiconductor manufacturers, and outsourced semiconductor assembly and test companies in Malaysia, Singapore, China, the United States, and internationally. The company was founded in 2004 and is headquartered in Bayan Baru, Malaysia.
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  7 people like this.
 
rlch Why QOQ profit drop 14% Aemulus still jump a lot from 1 year ago?
http://klse.i3investor.com/servlets/stk/fin/0181.jsp
17/11/2017 05:46
lizi short-sighted is better than blind-sided. i repeat, it's gg.
17/11/2017 06:14
comebackisreal I think it is fully valued with the current earning. If similar earning for next qr, the PE will be between 20-30. Unless company can't grow for another 20% -30% for next year
17/11/2017 07:24
excelyou Aemulus Holding Berhad
Record-breaking sales in FY9/17
CIMB
*Higher RF and enterprise testers demand in 4QFY9/17*
Revenue in 4QFY9/17 rose 96% yoy to reach RM11.7m on the back of higher tester shipment volumes due to improving demand in the enterprise storage, smartphone and tablet (S
17/11/2017 07:38
Shines Looks like next qr1 should be better. Demand still pouring in
17/11/2017 07:57
Choon Soo Tan Limit up
17/11/2017 08:08
excelyou Aemulus Holding Berhad
Record-breaking dads in FY9/17
CIMB

Higher RF and enterprise testers demand in 4QFY9/17

Revenue in 4QFY9/17 rose 96% yoy to reach RM11.7m on the back of higher tester shipment volumes due to improving demand in the enterprise storage, smartphone and tablet (S&T) markets. As a result of higher operating leverage, Aemulus posted RM2.2m core net profit in 4QFY9/17 compared to a RM0.2m core net loss in 4QFY9/16.

Sequentially lower enterprise testers sold

4QFY9/17 revenue fell by 1.8% qoq due to lower enterprise tester shipment volumes following higher order completions in the previous two quarters. We estimate that the group sold two units of AE4600 testers in 4QFY17 vs. five units in 3QFY17. Overall, its core net profit in 4QFY17 fell by 20% qoq, after stripping out the unrealised forex losses of RM0.1m. As expected, there was no dividend declared in the quarter.

Record-breaking sales in FY9/17

Aemulus posted RM40m revenue in FY9/17, up 82% yoy, the highest revenue in the history of the company, driven by higher radio-frequency (RF) and enterprise tester shipment volumes on the back of new customer wins and demand recovery across the enterprise storage and S&T segments. Aemulus shipped 10 units of AE4600 testers in FY9/17 (vs. two units in FY16). Overall, Aemulus recorded RM7.6m core net profit in FY9/17 against a core net loss of RM0.9m in FY9/16.

New initiatives in North Asia beginning to gain traction

Revenue in China grew by 20% yoy in FY9/17, driven by a new customer win. We expect China to be a key growth driver for the group from FY18 onwards following successful product penetration among Chinese semiconductor contract manufacturers in the past 18-24 months. To recap, Aemulus set up a regional office for China and Taiwan last year as part of management’s efforts to be closer to its key clients. Overall, we expect to see double-digit revenue growth again in the China market in FY18.

Expect new AE7600-S tester to drive volume growth in FY18

Aemulus launched its third-generation RF tester, the AE7600-S, in Sep 17. We understand that the new RF tester is embedded with smart manufacturing software to support the industry 4.0 framework, which is expected to drive cost savings for semiconductor contract manufacturers. We expect the new AE7600-S and existing AE4600 testers to drive volume growth for Aemulus in FY18. Overall, we project 20% volume growth in FY18.
17/11/2017 08:30
Lee Yih Yeong OMG....PRE MARKET RED...
17/11/2017 08:57
bleuerouge warned earlier, good luck.
17/11/2017 09:01
excelyou AEMULUS PENETRATED CHINA MARKET, HUGU POTENTIAL IN COMING YEARS

New initiatives in North Asia,China.

Revenue in China grew by 20% yoy in FY9/17, driven by a new customer win.

We expect China to be a key growth driver for the group from FY18 onwards following successful product penetration among Chinese semiconductor contract manufacturers in the past 18-24 months.

To recap, Aemulus set up a regional office for China and Taiwan last year as part of management’s efforts to be closer to its key clients.

Overall, we expect to see double-digit revenue growth again in the China market in FY18.

Aemulus launched its third-generation RF tester, the AE7600-S, in Sep 17.

We understand that the new RF tester is embedded with smart manufacturing software to support the industry 4.0 framework, which is expected to drive cost savings for semiconductor contract manufacturers.

We expect the new AE7600-S and existing AE4600 testers to drive volume growth for Aemulus in FY18.

Overall, we project 20% volume growth in FY18.
17/11/2017 09:07
Pak Andak Revenue good..
17/11/2017 09:08
excelyou AEMULUS REVENUE WILL BE TRIPLE DIGIT GROWTH FROM CHINA.

FORBES , 9 Nov 2017.
China Looks To Chip Away At Taiwan's Semiconductor Dominance

China’s semiconductor industry, one that will make the core components of smartphones and PCs, is growing fast. If you said “hey wait, supplying semiconductors for consumer electronics sounds like more of a Taiwan thing,” you’d be right but outdated.

China’s semiconductor sector is thriving on investment from the Beijing government’s National IC Industry Investment Fund, Taipei-based market research firm TrendForce says in a media statement in October.

China already has the world’s biggest semiconductor market, so more work on components helps perfect a domestic supply chain and reduces reliance on imports.

Annual revenue from Chinese semiconductors this year will reach 517.6 billion yuan ($78 billion), up 19.4% over 2016, TrendForce forecasts. Revenue will grow 20% this year to a new record, the research firm says. Average growth worldwide is expected at just 3.4%.

“Numerous wafer fabs in China will be entering mass production during 2018, coinciding with the start of operation of many newly established domestic companies that focus on specific IC markets,” TrendForce says in the statement. A wafer is a semiconductor; a fab, a factory.
17/11/2017 09:13
Sharon Chok Another Krono
17/11/2017 09:20
excelyou 2018 WILL BE HISTORICAL HIGH IN BOTH REVENUE AND PROFIT FOR AEMULUS AFTER SUCCESSFULLY ENTER INTO CHINA MARKET


Prospects

Aemulus continues to create growth through innovation and leadership in the ATE markets for semiconductor devices. The launching of our new RF tester, Amoeba 7600-S combines our latest technology with scalability.

We believe that the technology is going to be able to serve the smartphone and tablet market well especially in the Far East region.

Based on the current business trend, demand for ATE from the smartphone and tablet segments as well as the enterprise storage segment is expected to continue into 2018.

The group is expecting revenue growth to further accelerate in fiscal year 2018, led by ATE sales growth in the Far East region with US region complementing it.

The financial results in fiscal year 2017 indicates that sales and marketing efforts in the Far East region were encouraging, achieving the target we established at the beginning of the fiscal year.

We shall continue the effort in fiscal year 2018 together with increasing sale and marketing effort in USA Region.

The group targets to achieve double digit revenue growth from the Far East in fiscal year 2018.
17/11/2017 09:23
zoomsbooms strong..n be strong with aemulus
17/11/2017 09:25
Lee Yih Yeong wow..rebound
17/11/2017 09:27
SHQuah If result can continue increase by double digit in 2018, I expect next year can break RM1.00
17/11/2017 09:49
moneyhuat seem like it need longer time to produce result..
17/11/2017 09:51
SHQuah Based on the Q3'17 financial report, company is doing very well.
Balance sheet showing favorable number in term of Revenue, profit and Cash in hand.
Aemulus is a very small company, with such a good result could consider very good.
The future is very bright.
My 2018 TP above RM1.00
17/11/2017 11:25
Lee Yih Yeong Consistency is the key for aemulus. 2018 sure can beat kesm n vitrox
17/11/2017 11:32
Lee Yih Yeong Good point sh quah.
17/11/2017 11:33
Pak Andak zoomsbooms strong..n be strong with aemulus
17/11/2017 12:48
Leong Why drop some much even QR is nice?
17/11/2017 13:38
Yole Bek @Leong because the PE too high already. Aemulus not deserved to hold for the current 0.6. Its actual value should below 0.3
Aemulus needs another two more outstanding quater to pull down the pe
17/11/2017 13:50
Lee Yih Yeong no wonder the ceo selling in the beginning of Q3.
17/11/2017 14:28
Leong @Yole Bek, please shown me PE calculation for this stock?
17/11/2017 14:42
Leong Anyone know how to calculation actual value should below RM0.30?
17/11/2017 14:48
zoomsbooms using PE to demonstrate actual value is not an accurate way..don't simply just say 'actual value' when it is just approximate.

aemulus PE have once before this, reach 160 yet never coming down to the 'real actual value' you are depending on.
17/11/2017 14:52
Leong Anyway @zoomsbooms, but how to calculate it?
17/11/2017 14:54
zoomsbooms profit for the quarter times 4 (trailing year) divide by total number of share times PE ratio..
17/11/2017 15:00
Leong @zoomsbooms can list out value in order easy understand.....please
17/11/2017 15:07
NgSengBeng @Leong today CIMB cover aemulus again with TP fair value 0.69, as we maintain Hold with an unchanged RM0.69 TP as we roll
over our valuation to end-2018. Our valuation is based on 22x CY19 P/E, in line with the
peer average.
17/11/2017 15:14
NgSengBeng @Yole BEK actual value should below 0.3 ? come on , u tell me in southeast Asia which local company can do RF ATE?
17/11/2017 15:20
NgSengBeng @YOLE BEK your previous comment: I believe aemulus will greater than penta or vitrox. because aemulus hv higher threshold in application of product technique. I had worked at auto inspection field for five years. AOI is not a high tech product compared to ATE(only in penang already has dozens of AOI company like penta or vitrox) . But please give aemulus some time to grow

why now u lost confident?
17/11/2017 15:24
mamatede I still remember GDeX has a PE of 64 because people are so bullish on logistic company.
17/11/2017 15:24
Sky Soo GDEX pe= 96; GHLSYS, pe=55.
17/11/2017 15:29
Sky Soo we own these stocks for several years with high pe. Dare you?
17/11/2017 15:30
Sky Soo Further FGV, pe =106; its a gamble. GLC related.
17/11/2017 15:35
curious2 FGV got land like IOI high PE Aemulus is sell factory what value can get?
17/11/2017 15:39
Aries @NgSengBeng, I agreed with your view. AEMULUS is in tester business whereas Penta n Vitrox are in vision and handlers business. They are different. That's why I believe given time, AEMULUS will grow stronger if it can get more customers.
17/11/2017 15:40
Sky Soo Investing takes risk. Buy the future, hopefully with calculated risk. High risk, high return. Buy FGV rather IOI. IOI is good, stable stock; bet on FGV for its volatility.
17/11/2017 15:52
kwang2209 Hey guy PE is just a indicator of analysis stock to tell you the past story but not everything nor 100% accurate to judge the stock
17/11/2017 15:55
kwang2209 Please don't only look on the PE.. because have many stock with high PE and you also can't explain it.. look on their future growth potential and company fundamental
17/11/2017 15:59
Joker96 Haha @YOLE BEK, actual value 0.3 haha your father controlling the company?
17/11/2017 16:32
SHQuah Let the weak holder sell first, remaining all the strong holder.
Next year is going to be even better year. YR 2018 TP above RM1.00
17/11/2017 16:40
k6ii NgSengBeng : welcome CEO here to tell us the truth the company..glad to see u here...
Bila u will success deal with Peregrine Semiconductor Corporation ?
17/11/2017 17:45
Lee Yih Yeong the ceo is Ng sang beng la... not NgSengBeng. ...haiz...
17/11/2017 18:04
mamatede I know some stock still low pe yet nobody wants to buy
17/11/2017 19:10
excelyou If Vizone can command triple digit P/E, Aemulus can be any PE. The market will determine the P/E for Aemulus.

Would you buy a high P/E for a Company with double digit growth in coming year or a Company with lower P/E with more losses in coming year?

Investment is betting on future and not historical numbers.
17/11/2017 20:05
RocketHigh Good chance to accumulate now !!!!
17/11/2017 22:17


 

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