Will AEM share price fulfil its destiny as the King of Technology Stock in SGX? AEM share price has been in buoyant mood in the past week, soaring by as high as 17% on 21 July 2020. Admittedly, the rise has not been linear as AEM share price experienced some loss of form in June.
The upcoming 1H financial result must have given a boost to AEM share price as investors bought ahead of the earning release. Many analysts had hyped up AEM share price and re-rated the target price following the strong growth in electronics sector amid the COVID-19 outbreak.
As the purported key supplier for Intel, AEM share price had ridden on the growth of the US semiconductor company in recent years. It’s competitive edge lies in its first-mover advantage of its test equipment for Intel in 2016 – High Density Modular Test (HDMT) semiconductor test handler platform. The volume ramp and higher sales led to surging run...