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January 20, 2020

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AMEC first to cross US$14b on STAR

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.


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