AEM chips in on electronics chase, closes 14.6% higher

Singapore

SHARES of semiconductor equipment firm AEM Holdings rose on Tuesday after it upped its profit guidance and said it was mulling the prospect of issuing bonus shares to reward shareholders.

AEM, said to be the sole supplier for chipmaker Intel's latest test handler, on Monday said it expects its operating profit before tax for the 2017 financial year to reach between S$35 million and S$37 million, up from a previous guidance of at least S$32 million.