SUBSCRIBERS

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

Published Wed, Aug 1, 2018 · 09:50 PM

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.

Coupled with Tues…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes