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AEM Holdings kept at 'add' as fundamentals come up trumps

Samantha Chiew
Samantha Chiew4/6/2018 11:43 AM GMT+08  • 2 min read
AEM Holdings kept at 'add' as fundamentals come up trumps
SINGAPORE (Apr 6): CIMB is maintaining its “add” call on AEM Holdings with a target price of $8.19.
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SINGAPORE (Apr 6): CIMB is maintaining its “add” call on AEM Holdings with a target price of $8.19.

This came on the back of the group announcing on Thursday it has received sales orders with $192 million for delivery in FY18 as at Apr 1, a $77 million increase from when it last announced in Feb 1.

As such, the group decided to keep its profit guidance for FY18 unchanged from when it last provided on Jan 22 of at least $255 million in sales and $42 million in operating profit before tax.

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