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Companies & Markets

AEM ups revenue guidance for FY2020

Published Thu, Sep 10, 2020 · 11:16 AM
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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.

KEYWORDS IN THIS ARTICLE

Profit guidance
semiconductors

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