CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

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.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Monday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.