AMEC first to cross US$14b on STAR

Advanced Search

The story appears on

Page A9

January 20, 2020

GET this page in PDF

Free for subscribers

View shopping cart

AMEC first to cross US$14b on STAR

Source: Shanghai Daily | 00:05 UTC+8 January 20, 2020 |

Print Edition

The first listed firm on the STAR Market has seen its market value cross 100 billion yuan (US$14.3 billion), six months after the tech board’s debut in Shanghai.

AMEC, or the Advanced Micro-Fabrication Equipment Inc, is now valued 105 billion yuan.

The Shanghai-based semiconductor vendor has seen its share price over doubled this year already, following doubled net profits in 2019.

There are four firms on the board valued at more than 50 billion yuan: AMEC at 105 billion yuan, Montage Technology Co (98 billion yuan), Kingsoft Office Software Inc (84.4 billion yuan) and the China Railway Signal Communication Corp (80 billion yuan). AMEC shares have risen 112 percent this year, closing at 196.01 yuan on Friday. The company expects its net profit to be between 176 million yuan and 192 million yuan.

Business

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

AMEC first to cross US$14b on STAR

Email this to your friend