On 12 March 2018, bought 700 shares of AEM at $7.36 each.
AEM has a good run up on its share price since last year Jan 2017 from $0.60 to current $7.59 which reflects the great bull run of Semi Conductor Industry related stocks since March 2017 till now.
The proposed 3 bonus shares for 1 existing share had received approval from SGX-ST on 13 March 2018.
My AEM shares will become 2800 after the bonus shares is issued but the bonus share will not be entitled to the final dividend $0.065.
Total dividend FY2017 is $0.12 per share equates to AEM 25% NPAT which means AEM has more room to increase its dividend payout.
So what is the catalyst that is propping AEM into new highs?
AEM High Density Modular Testing Machine
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AEM provides handling & test solutions to microprocessors, high speed communications, ......