Stocks to watch: AEM, Aztech Global
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 27):
AEM : The semiconductor test solutions provider raised its revenue guidance for its first half ending June to between S$185 million and S$195 million, up from an earlier range of S$155 million to S$170 million. The group on Thursday said the upward revision follows an unexpected pull-in of orders into FY2025, but maintained its view that the business environment faces uncertainty stemming from the tariff situation. It will report its earnings on Aug 13. The counter ended Thursday 14.5 per cent or S$0.18 higher at S$1.42 after the announcement.
Aztech Global : Its wholly owned subsidiary Huuve on Wednesday entered into a sale and purchase agreement with JT Automation Technology (Malaysia) to divest factory buildings and land in Johor, Malaysia, for a consideration of RM28.8 million (S$8.7 million). Upon completion of the sale, which is subject to approval from the Johor State Authority, the group will reap a net gain of around RM13.7 million. The counter ended Thursday 4.3 per cent or S$0.025 higher at S$0.60, before the announcement.
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