Lightning always strike many times - the moment you sell the shares, it announced a nice set of results and the share price went through the roof 😂
In this case, it was AEM holdings where the day after I sold my AEM shares at $4.39, it hit a high of $4.69 before settling down at $4.62 on the back of a solid 1H earnings.
AEM Holdings, despite my reservation on its reliance on Intel, seemed to be tracking really well although UOBKH downgraded the stock to "Hold" after the results.
Having said that, I will consider AEM for a longer term hold once the market has settled down on a new base.
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| Revenues and earnings hit a record high! |
UMS Holdings
UMS Holdings also announced its results on the same day where half year revenue hit a record high of S$170m and free cash flow crossed
