AEM ups revenue guidance for FY2020
SEMICONDUCTOR play AEM Holdings revised its FY2020 revenue guidance upwards on Thursday to between S$480 million and S$500 million.
It had, in its H1 2020 results announcement, pegged it at between S$460 million and S$480 million.
The company said the latest revision is based on sales-order visibility and business outlook. Capital expenditure is to remain unchanged at about S$4 million.
AEM shares closed at S$3.29 before the announcement, down 42 Singapore cents or 11.32 per cent.
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.
Share with us your feedback on BT's products and services
TRENDING NOW
‘My grandfather’s legacy’: Sherman Kwek lays out three-year plan for CDL to drive returns
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Canada is upping oil flows to Asia, but South-east Asia’s refineries aren’t ready to handle them yet
What role can Japan play in Asean’s future?
