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Hot stock: AEM falls as much as 19.2% after earnings miss

Revenue declines 36.9% following weaker demand from its key semiconductor customer

Hykel Quek

Published Thu, Aug 15, 2024 · 03:25 PM
    • AEM chief executive Amy Leong (left) and non-executive chairman Loke Wai San. Leong says she will share her plans for the company in November this year.
    • AEM chief executive Amy Leong (left) and non-executive chairman Loke Wai San. Leong says she will share her plans for the company in November this year. PHOTO: YEN MENG JIIN, BT

    SHARES of AEM tumbled on Thursday (Aug 15), after the semiconductor test equipment maker posted a 95.4 per cent fall in net profit to S$895,000 for the first half of the fiscal year.

    As at 10.03 am, the counter fell as much as 19.2 per cent or S$0.28 to S$1.18, with about 6.3 million securities changing hands. The last time it traded at such levels was in October 2019.

    No married deals were recorded, ShareInvestor data showed.

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