SGX:AWX

AEM, Top Glove and PC Partner Among New Entrants in iEdge Singapore Next 50 Index Update

AEM Holdings (SGX:AWX), Top Glove (SGX:BVA), UI Boustead REIT (SGX:UIBU) and PC Partner Group (SGX:PCT) have been added to the iEdge Singapore Next 50 Liquidity Weighted Index following the latest review, with the changes to take effect on June 22.The index, which tracks the next 50 most liquid SGX-listed companies outside the Straits Times Index, delivered a 12.3% total return in the first five months of the year, outperforming the STI's 10.8%, according to a Monday filing with the Singapore Exchange.The technology sector's weighting in the index rose to 26.2% from 16.6%, the data showed.

AEM Issues, Allots Shares to Employees Under Restricted Share Plan; Shares Up 4%

Semiconductor and electronics test company AEM (SGX:AWX) issued and allotted 573,655 shares to its employees pursuant to the vesting of share awards granted under the restricted share option plan, according to a filing with the Singapore Exchange on Tuesday.Shares of the company were up over 4% in Wednesday trading.The new shares are expected to be listed and quoted on June 4.Following the issuance, the total number of issued and paid-up share capital stands at 319.5 million shares.

Jefferies Adjusts AEM Holdings' Price Target to SG$15.20 From SG$8.88, Keeps at Buy

DBS Adjusts AEM Holdings' Price Target to SG$11.50 from SG$8.90, Keeps at Buy

Singapore Shares Edge Lower Amid Regional Foreign Exchange Reserve Slump

Singapore shares ended in the red zone on Thursdaay once more, as investors weighed a volatile geopolitical landscape against a backdrop of shrinking foreign exchange reserves across Asian markets.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,980.53 and 5,015.09 throughout the day. It ended the session at 4,995.94, down 8.02 points or 0.2% compared to Wednesday's close.On the corporate front, shares of AEM (SGX:AWX) surged nearly 19% at the close as the semiconductor solutions provider reported a 329% increase in its net profit during the first quarter of the year to SG$14.3 million from SG$3.3 million a year earlier.Singapore Post's (SGX:S08) shares closed over 5% lower, as its attributable profit to equity holders fell 82% in the fiscal second half ended March 31 to SG$41.2 million from SG$222.5 million a year earlier.Meanwhile, shares of Wee Hur (SGX:E3B) were down over 1% even as the company's private residential development in Singapore, Bartley Vue, secured a temporary occupation permit.

AEM's Shares Zoom 13% on Increased Net Profit in Q1

AEM's (SGX:AWX) shares surged over 13% on Thursday after the semiconductor solutions provider reported a 329% increase in its net profit during the first quarter of the year to SG$14.3 million from SG$3.3 million a year earlier.Earnings per share rose to SG$0.0459 compared with SG$0.0105 in the year-ago period, according to a Wednesday filing with the Singapore Exchange.Revenue jumped 36% year over year to SG$116.9 million from SG$86.0 million.