KGI Research

Silverlake Axis's profits have taken a hit from Covid-19, but some analysts are drawn to its attractive valuation.

KGI analyst Kenny Tan says AEM's guidance raise reflects a “changing sentiment” due to continued orders from Intel. In addition, companies in the tech sector can generally remain defensive amid the Covid-19 pandemic.

AEM Holdings surged 19.4% to close at $3.08 on May 8, after the company raised its revenue guidance and a flurry of analysts’ upgrades followed.

Healthcare companies are now in the spotlight as the Covid-19 pandemic continues. Listed companies such as Biolidics and Q&M Dental Group have announced their intention to produce Covid-19 test kits. And markets have reacted accordingly.