The Singapore research team at UOB Kay Hian has added AEM, Keppel Corporation (Keppel Corp) and Singapore Post (SingPost) to its alpha picks portfolio for the month of May.“We add AEM due to it being a beneficiary of Intel’s aggressive capex plans while Keppel’s inclusion stems from the large ...

Following AEM’s record quarter, analysts from five brokerages have maintained their "buy" calls on AEM Holdings, but are less uniform on its target prices.Most notably, Maybank has lowered its target price from $6.34 to $6.06, while Citi has raised its target price from $6.37 to $6.48.DBS Group Re...

THE following companies saw new developments that may affect trading of their securities on Friday (May 6): Frasers Logistics and Commercial Trust (FLCT): The real estate investment trust (Reit) on Friday posted a 1.3 per cent rise in distribution per unit (DPU) to S$0.0385 for its first hal...

AEM Holdings has reported record figures for its quarterly revenue and profit before tax in its business update for the 1QFY2022 ended March.During the quarter, AEM’s revenue surged 226.4% y-o-y to $261.9 million, while profit before tax (PBT) surged 212.1% y-o-y to $49.7 million.The revenue growt...

MAINBOARD-LISTED AEM Holdings on Thursday (May 5) reported S$40.8 million in net profit for its first quarter ended Mar 31, 2022, more than tripling from its S$13.3 million profit recorded for the year-ago period. The increase in net profit comes on the back of a record quarterly revenue of ...

UOB Kay Hian (UOBKH) on Wednesday (May 4) initiated coverage on AEM Holdings with “buy” and a target price of S$5.60, as it anticipates a “strong and sustained rebound” that will drive share price gains.

Analysts from Maybank Securities and UOB Kay Hian are remaining positive on AEM Holdings after Intel announced that its 18A process node is six months ahead of schedule. The node is expected to be manufacturing ready by the 2HFY2024.“This should help Intel regain manufacturing leadership. Intel sa...

LHN Logistics has launched an all-placement IPO to raise gross proceeds of $5 million by issuing around 25.2 million new shares at 20 cents each. After deducting listing expenses, the net proceeds will be around $3.6 million.LHN Logistics, which has two main businesses — transportation and contain...

Temasek Holdings, AEM Holdings’ largest shareholder, has been steadily adding its stake in the chip tester. The most recent transaction was on April 12, when Temasek, via a subsidiary called Venezio, paid $1.93 million for 403,100 shares. This works out to an average of $4.79 each.With this transa...

Citibank analyst Jame Osman has initiated coverage on AEM Holdings with a “buy” call and $6.37 target price, saying the company is “well-positioned for the next phase of business growth.”Osman, in an April 18 report, points out that AEM is likely to benefit from its key customer’s plans to...