AEM Holdings’ share price up 3.48% after firm raises its revenue guidance
AEM’s shares rose 3.48% or S$0.04, to S$1.19 on Friday in response to the revised upward guidance. Year-to-date, the group’s shares have risen by 43.4%, from S$0.83 on 2 January 2019.
Precision manufacturer AEM Holdings is revising its expected revenue for the financial year higher to between S$285 million and S$305 million after it said it received sales orders worth S$280 million for the financial year thus far.
Capital expenditure remains at S$4 million to S$7 million, the firm said.
AEM’s shares rose 3.48% or S$0.04, to S$1.19 on Friday in response to the revised upward guidance. Year-to-date, the group’s shares have risen by 43.4%, from S$0.83 on January 2, 2019.
For the second quarter ended June 30, AEM Holdings reported a 65.4% spike in net profit from S$9.5 million a year ago to S$15.7 million. Revenue climbed 34.8% to S$97.9 million, due mainly to its equipment systems solutions business.
Earnings per share for the second quarter was at 5.81 Singapore cents, up from 3.49 Singapore cents in the preceding year.
The group declared an interim cash dividend of two Singapore cents per share, an increase from 1.5 Singapore cents a year ago.
In July, the group said it received sales orders worth S$255 million for delivery in an update and also revised its revenue range higher to be between S$265 million and S$280 million, with capital expenditure kept at S$4 million to S$7 million.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Act on share opportunities today
Go long or short on thousands of international stocks with spread bets and CFDs.
- Get full exposure for a comparatively small deposit
- Trade on spreads from just 0.1%
- Get greater order book visibility with direct market access
See opportunity on a stock?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See opportunity on a stock?
Don’t miss your chance – upgrade to a live account to take advantage.
- Trade a huge range of popular stocks
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See opportunity on a stock?
Don’t miss your chance. Log in to take advantage while conditions prevail.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
