AEM Holdings  (SGX: AWX) released its second-quarter earnings update on 8th August. As regular readers may remember, AEM has been aggressively  buying back its shares. 

In the most recent quarter, AEM surprised investors by posting better-than-expected revenue and profits. With that said, here are three reasons investors should be pleased with AEM' s recent results.

Newsletter from the Motley Fool

 

 

 

Equities fell in Asia on Wednesday as investors took a step back after recent gains, with focus now turning to a key speech by Federal Reserve boss Jerome Powell at the end of the week.

Rising hopes for China-US trade talks have provided a much-needed lift to markets over the previous two days but with few fresh catalysts, dealers are keeping their powder dry ahead of Friday' s address.

After positive signals from Donald Trump and some of his top advisers on Monday over progress in the talks with Beijing, and an olive branch with the delay of a ban on Huawei purchases, there have been few developments for traders to buy on.

" Our trade-war headline-inspired relief rally appears to have run its course as I suspect there is still a lot of nervousness among US investors as the global economic realities are just too hard to ignore," said Stephen Innes at Valour Markets.

There has been increased speculation that central banks and governments will step in with stimulus support to head off a global downturn, but analysts warn they could be disappointed by what Powell has to say regarding Fed action.

' VERY FAR FROM RECESSION'

 

" I think the word recession is inappropriate," he told reporters in the White House. " We' re very far from recession."