Hot stock: AEM falls as much as 19.2% after earnings miss
Revenue declines 36.9% following weaker demand from its key semiconductor customer
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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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