<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 17): CGS-CIMB Securities had downgraded Aemulus Holdings Bhd to “hold” at 40.5 sen with a lower target price (TP) of 42 sen and said the company’s FY2022 core net profit came in 7% above house full-year forecast due to better-than-expected sales mix and margin delivery in the fourth quarter of FY2022 (4QF2022).</p></div>

<div class=newsTextDataWrapInner><p>In a note on Thursday (Nov 17), the research house said it sees challenging prospects for Aemulus in FY2023 in view of weaker mobile and tablet demand amidst healthy auto and CIS order backlog.</p></div>

<div class=newsTextDataWrapInner><p>“We cut our FY2023-2024 forecast EPS (earnings per share) by 30-43%.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Downgrade to 'hold' with a lower 42 sen TP, based on 13 times P/E, 2 s.d. below the Malaysian ATE five-year mean,” it said.</p></div>


KUALA LUMPUR (Nov 17): CGS-CIMB Securities had downgraded Aemulus Holdings Bhd to “hold” at 40.5 sen with a lower target price (TP) of 42 sen and said the company’s FY2022 core net profit came in 7% above house full-year forecast due to better-than-expected sales mix and margin delivery in the fo...

CGS-CIMB sees challenging prospects for Aemulus in FY2022

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<p>The popularity of property investing among the younger investors seems to be waning. The mismatch between one’s salary and property price is a key reason. However, financial planning experts say these investors should not be hasty in dismissing property as an attractive asset class.</p>

<p>Red...