Frencken Group Limited

Integrated technology solutions company Frencken Group is acquiring 100% stake in Avimac Pte Ltd

CGS-CIMB Research, Maybank Kim Eng and UOB Kay Hian have upped their TPs to $2.49, $2.63 and $2.52 respectively.

Singapore Airlines (SIA) remains the brokerage’s key “sell” call as they see travel resuming only after 3QFY2021.

Amongst the Singapore counters, the team likes Venture Corp, Nanofilm, AEM, UMS and Frencken.

Frencken Group’s revenue fell 5.8% y-o-y to $620.6 million for the full year FY2020 ended December, owing to lower sales.

The “worst is over” for supply chain Frencken Group Limited, says DBS Group Research, a day after the company posted a 4.9% dip y-o-y in earnings to $18.7 million for 1H2020. DBS Group Research analyst Ling Lee Keng is maintaining “buy” on the company.

Shares in Frencken closed 8 cents higher, or 6.9% up, at $1.24 on Aug 13, prior to the announcement.

UOB Kay Hian has initiated coverage on Frencken Group with a “buy” call and target price of $1.15.

SINGAPORE (May 9): Frencken Group, the high-tech capital and consumer equipment service provider, reported earnings of $8.6 million for the 1Q ended March, growing 27.2% from $6.8 million on higher revenue.

SINGAPORE (Aug 16): KGI Securities is reiterating its “buy” recommendation on Frencken Group, formerly known as ElectroTech Investments, while raising its target price estimate to 72 cents from 63 cents previously.