AEM Holdings dives 25%; analyst downgrades stock, slashes target
The stock has lost almost 40 per cent of its value in two days after firm warns of 'significant volatility' ahead
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Singapore
SHARES of AEM Holdings continued their downward trajectory on Wednesday, losing almost a quarter of their value as brokerage CGS-CIMB downgraded the stock to "reduce" on sharply lower 2019 estimates.
Yesterday, AEM slumped 24.6 per cent, or 24.5 Singapore cents, to $0.75 amid heavy volume of some 33.76 million shares, making it one of the day's most active stocks.
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