This Gap down with high volume may likely see another Gap down follow-through. Not a call to sell or buy.
Pls do your own due diligence.
This selling could be due to
Apple Plans to Use Its Own Chips in Macs From 2020, Replacing Intel.
Quite : https://www.bloomberg.com/news/articles/2018-04-02/apple-is-said-to-plan-move-from-intel-to-own-mac-chips-from-2020
The shift would be a blow to Intel, whose partnership helped revive Apple’s Mac success and linked the chipmaker to one of the leading brands in electronics. Apple provides Intel with about 5 percent of its annual revenue, according to Bloomberg supply chain analysis.
AEM which is Intel partner supplier may be affected by this latest news from Apple moving into having it's own chips from 2020.
AEM rolling EPS of 34.3 cents.
PE of 17.04 times .
Current price ofo$5.99 seems trading at premiun / full value price.
Looking at the chart, looks like it may go down to test $5.60 with extension to $5.00 .
AEM :
AEM Holdings Ltd, an investment holding company, provides solutions in equipment systems; and precision components and related manufacturing services for various industries. The company operates through Equipment Systems Solutions and Precision Component Solutions segments. It provides high density modular test handlers, wafer handling systems, hot spot testers, and smartcard backend handlers for use in semiconductor, solar cell, and smartcard manufacturing facilities, as well as related tooling parts; and designs, develops, and manufactures precision engineering products, such as test sockets, device change kits, stiffeners, golden units, holding jigs, preventive maintenance kits, and precision mechanical assembly modules for use in the electronic, life science, instrumentation, and aerospace industries, as well as offers engineering services. The company offers its products through a network of sales offices, associates, and distributors in Asia, Europe, and the United States. AEM Holdings Ltd is headquartered in Singapore.
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