AEM up 9.5% as it revises FY19 revenue range upwards

SINGAPORE (Apr 25): Shares in AEM Holdings are up 10 cents at $1.15 with 32.8 milliion units changing hands as at 3.49pm after management revised FY19 revenue range upwards to between $225 million and $250 million.

This follows the winning of sales orders worth $209 million for delivery in FY2019, AEM announced in a filing this morning.

Capex is also expected to increase to the range of between $4 million and $7 million to support engineering development for future customer programmes.

---

Related Stories

• SIAS poses questions to AEM Holdings following announcement on shortfall in inventories
• AEM to book between $18 million and $25 million from inventory shortfall in inventory, human error cited
• The Great Call of China

---