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AEM is latest tech play to miss analysts' earnings expectations

Group posts year-on-year decline in Q1 earnings, with net profit down 63.1 per cent and revenue down 45.4 per cent

Vivienne Tay

Vivienne Tay

Published Wed, May 5, 2021 · 05:50 AM
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Singapore

AEM Holdings is the latest technology-related stock to disappoint analysts this earnings season, as the sector deals with a global chip shortage.

Lim & Tan Securities on Tuesday recommended investors "take profit" on the provider of services and machinery to the semiconductor sector, after the group posted a year-on-year decline in its first-quarter earnings.

AEM said its net profit fell by 63.1 per cent to S$13.3 million for the three months to Mar…

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