Lifetime Membership The last time I covered AEM Holdings was in May 2024 when AEM share price was trading at around the $1.90 bandwidth. However, that article was written before the train-wreck inflicted by the appalling 1HFY2024 financial results. The horror show caused another bout of meltdown of AEM share price as the counter tumbled to a low of $1.20, a level so unimaginable for many investors. The apocalyptic drop of AEM share price must have scared the living hell out of AEM investors. Question now is: will AEM share price see light at end of tunnel in 2024?
The continuous decline of AEM share price must have broken the heart of many long-term investors given that this company used to be the market darling of SGX and had even attracted a strategic investment from Temasek Holdings in 2021. The sovereign wealth fund had entered the counter when AEM share price was trading at around $3.80 levels. Hence, the plummet in AEM share price would have certainly dented Temasek’s returns.
Despite the crisis of confidence in AEM share price, which was largely driven by Intel’s woes, Temasek Holdings has not trimmed its stake in AEM. This is unlike the rest of the substantial shareholders like Malaysia’s EPF and Aberdeen, which had pared down their stakes in AEM in the past few years in order to reduce their risk exposures.
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