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SINGAPORE (Aug 10): AEM Holdings, the provider of equipment systems solutions and manufacturing services, reported record revenue and earnings for the 2Q19 ended June. Fully diluted earnings per share for 2Q19 was 5.76 cents, compared to 3.50 cents for 2Q18. The group’s revenue increased 34.8% to $97.9 million in 2Q19, primarily generated by the Equipment Systems Solutions (ESS) business.
SINGAPORE (May 7): AEM Holdings, the provider of equipment systems solutions and manufacturing services, reported a 19.7% fall in 1Q19 earnings ended March to $6.6 million from a year ago on fewer orders from its main equipment systems customer. Revenue, primarily generated by the Equipment Systems Solutions (ESS) business, fell 19.7% to $52.7 million. In its outlook, AEM says as the initial ramp phase of its high-density handler for the group’s key customer has entered a matured stage so future new equipment sales will be driven by the customer’s new platform launches, their market share, and the commissioning of new manufacturing sites.
SINGAPORE (Jan 30): Maybank is initiating coverage on AEM Holdings with a “buy” and a target price of $1.21.