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Fri, September 11, 2020 – 4:19 pm
Shares in AEM Holdings, which is traded on the motherboard, rose on Friday, a day after it increased its full-year earnings guidance to S $ 480-500 million.
The shares reached an intraday high of S $ 3,665, an increase of 11.4 percent or S $ 0.05, as of 11:28 am. As of 3.39 p.m., it was down slightly to trade at S $ 3.61, an increase of 9.7 percent or S $ 0.32 from Thursday’s close, with 12.7 million shares changing hands.
Previously, the company had pegged fiscal 2020 revenue at S $ 460-480 million when it announced its first half results.
AEM, which provides advanced chip testing solutions, said in a regulatory update Thursday night that the review was based on visibility of sales orders and business prospects. Capital expenditures would remain unchanged at around S $ 4 million.
Meanwhile, Ossia International shares, which are traded on the watch list, lost most of their gains from the previous day on Friday after the luxury goods retailer and distributor announced it had made a mistake. typographic when it recommended its dividend.
The first and last dividend for the year ending March 2020 should have been 0.9 Singapore cents, instead of the 90 cents it announced on Wednesday, Ossia clarified Thursday night.
After the original announcement of the dividend, its share price had risen 78.8 percent or 7.8 cents to 17.7 cents on Thursday morning before Ossia called for a suspension of operations. She lifted the halt at 4:45 p.m. after issuing the clarification.
On Friday, shortly after the market opened, the counter fell 35 percent or 6.2 cents to an intraday low of 11.5 Singapore cents. It then rose to trade at 12 cents at 3.39 p.m., down 32.2% or 5.7 cents from Thursday’s close, with 634.3 billion shares changing hands.
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