AEM shares hit record after stellar H1 results
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SHARES in AEM Holdings hit a record high on Tuesday, after the semiconductor play on Monday reported a 147.9 per cent increase in its first-half net profit to S$55.3 million.
The counter hit an intra-day high of S$4.23, before easing to S$4.19 by the closing bell, advancing S$0.53 or 14.5 per cent on a cum-dividend basis. This is the highest the stock has been since its listing back in December 2000. Some 25.1 million shares changed hands, making it one of the most heavily traded counters on the Singapore bourse for the day.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
