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AEM surges for second day running; DBS raises target price to $3.30; Maybank upgrades call from 'sell' to 'buy'

The Edge Singapore
The Edge Singapore  • 2 min read
AEM surges for second day running; DBS raises target price to $3.30; Maybank upgrades call from 'sell' to 'buy'
Photo: AEM Holdings
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AEM Holdings is surging for a second day with bullish upgrades from analysts following signs that it is winning meaningful new revenue from a new customer and no longer as reliant on its long time key customer.

Besides reporting better than expected FY2025 earnings, AEM is guiding for higher FY2026 revenue of between $460 to $510 million.

After gaining a fifth on Feb 26, AEM shares as at 9.46 am this morning is up by another by another 14.17% to trade at $2.82.

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