AM Group Holdings Limited provided earnings guidance for the six months ended December 31, 2020. For the period the company expected that the Group would record a loss of approximately SGD 0.1 million, as compared to a profit of approximately SGD 2.1 million for the corresponding period in 2019. The change was mainly attributable to the drop in gross profit due to the overall reduction in revenue from search engine marketing services as well as creative and technology services caused by the outbreak of the novel coronavirus disease 2019 (COVID-19) in Singapore and Malaysia as customers cut down on spending due to the slowing economy; and higher general and administrative expenses as compared to those of the corresponding period in 2019.