Stocks to watch: AEM, HPH Trust, First Sponsor, MoneyMax
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 22):
AEM Holdings : Semiconductor firm Advantest has filed a first amended complaint against AEM Holdings, extending a patent infringement dispute that started in October 2025. AEM said on Tuesday that it “has its own extensive patent portfolio and respects the intellectual property of others,” and denied the allegations. AEM shares ended Monday 4.9 per cent or S$0.43 up at S$9.28 before the news. Its shares traded in US dollars closed flat at US$4.10.
HPH Trust : The manager of the trust on Tuesday posted an 85 per cent surge in net profit to HK$490.5 million (US$62.6 million) for its first half ended Jun 30, from HK$265.1 million in the previous corresponding period. Distribution per unit stood at HK$0.05 per unit for the half-year, unchanged from a year before. The counter ended Tuesday 1.6 per cent or US$0.003 lower at US$0.189, before the announcement.
First Sponsor : The group has been dealt a blow in the China courts that will result in an expected impairment of about S$36.7 million for its half-year results ended Jun 30, 2026, it announced on Tuesday. The legal proceedings were initiated by a bank against the subsidiaries concerning residential units in the Humen Oasis Mansion Project. Its subsidiaries received unfavourable judgments on Monday, from the Dongguan No. 2 People’s Court. Shares of First Sponsor ended S$0.01 or 1 per cent lower at S$1 on Tuesday.
MoneyMax : The pawnbroker on Tuesday said it expects to record a “significant improvement” in net profit for its first half of the year, due to stronger financial performance of its pawnbroking segment. This was driven by higher interest income from sustained growth in pledged loan receivables. The group added that its retail and trading of gold and luxury items segment also played a part, supported by improved revenue and gross profit margins. The counter ended 4 per cent or S$0.03 higher at S$0.775 on Tuesday, before the news.
