AEM Share Price: Fulfilled Its Destiny?

Within a year, AEM’s share price rocketed by nearly 10 times. The meteoric rise of AEM shares certainly stunned the SGX market, as this sort of performance is usually reserved for US tech stocks and is almost unheard of on the SGX. The question now is whether AEM’s share price has fulfilled its true destiny to become one of the greatest tech stocks to grace the Singapore stock market.

Given the supersonic form of AEM’s share price, I have divested all my AEM shares. I am writing this article to note down my thought process and document some of the lessons I learned from investing in this epic stock.

On this blog, I have always maintained that on its day, AEM’s share price can be unbeatable. Conversely, when the tide turns against it, the counter can spiral out of control. On that note, this counter is really not for the faint-hearted.

Through my CPF account, I had invested in 10,000 AEM shares since 2022, having entered at a high of $5.22 in early 2022. That was a time when AEM’s business relied almost entirely on Intel for revenue. This business concentration in Intel created significant risks for AEM, especially as the US company struggled quite severely in the opening chapters of the generative AI race. Consequently, AEM’s share price bombed to a low of $1.05 in April 2025.

I would be lying if I claimed that the thought of cutting losses did not cross my mind. Obviously, you start to doubt your judgment when you suffer a paper loss of as much as 80%. The sole reason I continued to hold onto my AEM shares for the past four years was conviction. My investment thesis was that AEM holds a competitive advantage through its robust intellectual property portfolio, specifically tailored around its core strength: System-Level Testing (SLT) for advanced High-Performance Computing (HPC) and AI chips.

AEM’s patent portfolio ensures that the homegrown company remains at least one generation ahead of its competitors—Advantest, Cohu, and Teradyne. I believe Temasek Holdings shares this view, as it has not trimmed its stake in AEM through the years, even while substantial shareholders like EPF and Aberdeen have either reduced or divested their shares.

Using my CPF savings, I have always maintained a buy-and-hold strategy for AEM shares. However, no matter how good a stock is, I always tell myself that I must have the discipline to exit at my desired price. On 14 May 2026, I sold off all 10,000 shares in my CPF account at $9.18. Then, on 15 May 2026, I sold off the 100 bonus shares at $10.50. The total return for my CPF investments amounted to $40,650, representing a return of 78% over a holding period of four years.

Over the past month, I also adopted a hit-and-run strategy using my cash brokerage account. From 28 to 30 April, I did a contra trade of 10,000 AEM shares and made $2,900. Subsequently, I bought another 10,000 shares on 30 April and sold them for a profit of $24,000 on 14 May 2026. Using my SRS account, I also bought and sold 200 shares of AEM for a profit of $500.

Taking into account my CPF, cash, and SRS investments, my total profit from AEM amounted to $68,050. This makes AEM my best stock investment to date.Note: This is an opinion article and is not meant to be financial advice. Please do your own due diligence or engage a certified financial advisor before investing in the stock market. Because I have invested in this counter, my views on AEM’s share price may be biased.

Will AEM’s Share Price Go Higher?

AEM shares have retraced lately from their record high of $10.60 to sit around $8.80. Although I exited this counter at $10.30, I do not think the share price [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]

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