DBS Group Research has downgraded its call on AEM Holdings to "hold" from "buy", citing limited upside on its higher target price of S$2.47, up from S$2.29 previously. 

IN A business update, AEM Holdings announced that it posted a net profit of S$36.1 million for its first quarter ended March 31, up from S$6.6 million a year ago.

TOPLINE

WHILE the Covid-19 pandemic has shuttered the doors of many businesses, AEM Holdings is bucking the trend with a positive outlook.

AEM Holdings on Thursday said it is continuing to operate worldwide without any material adverse impact from the Covid-19 measures that have been implemented by various government agencies, and...

MAINBOARD-LISTED AEM Holdings has named Chandran Nair as its chief executive officer, with the post taking effect on July 1.

THE following companies saw new developments that may affect trading of their securities on Friday:

AEM Holdings, which provides advanced chip testing solutions, is "cautiously confident" that its sales for the first half of 2020 will be at an all-time high.

NET profit for AEM Holdings, which provides advanced chip testing solutions, nearly quadrupled to S$16.7 million for the fourth quarter ended Dec 31, up from S$4.4 million a year ago.

MAYBANK Kim Eng is of the view that FY2020 earnings for semiconductor-related plays AEM Holdings and UMS Holdings remain intact despite recent market sell-offs amid the novel coronavirus outbreak...

MAINBOARD-LISTED AEM Holdings is acquiring French semiconductor test solutions provider Mu-TEST for 7.5 million euros (S$11.3 million), it announced on Dec 28.