SINGAPORE (Oct 8): On July 30, AEM Holdings reported earnings for 2Q ended June 30, 2018 that were in line with expectations. However, the company guided for a more uncertain outlook in FY2019, triggering analysts’ downgrades. Its share price dropped from $1.19 when the results were announced, to 65 cents at one point. It closed at 82.5 cents on Oct 4, unchanged year to date.

Since July 30, the company has been buying back shares. Independent director Loh Kin Wah also raised his stake after buying shares on the open market.

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