Frencken Group

Results

Frencken's 1QFY2024 earnings surge 73% y-o-y

Frencken expects revenue for 1HFY2024 to be comparable to the preceding 2HFY2023

Broker's Calls

Maybank keeps Frencken as top Singapore tech pick, ups target price on strong recovery ahead

Maybank likes Frencken Group as a beneficiary of the semi-con recovery.
RHB analyst has 'overweight' call on consumer, industrials, manufacturing & tech, and some REITs after Budget 2024 - THE EDGE SINGAPORE

Budget 2024

RHB analyst has 'overweight' call on consumer, industrials, manufacturing & tech, and some REITs after Budget 2024

Analyst Shekhar Jaiswal also names “neutral” stocks in finance, healthcare, real estate, telco and retail REIT sectors.
Chip recovery to help manufacturing turn corner in 2024 - THE EDGE SINGAPORE

Sector Focus

Chip recovery to help manufacturing turn corner in 2024

Singapore's semiconductor segment has already seen a bottoming and is staging a return in the coming year.

Broker's Calls

RHB upgrades Frencken to ‘buy’ with new TP of $1.45

“We now turn positive on the stock ahead of an anticipated recovery next year,” says analyst Alfie Yeo.
Maybank lifts Frencken’s TP to $1.39 after positive 3QFY2023 - THE EDGE SINGAPORE

Broker's Calls

Maybank lifts Frencken’s TP to $1.39 after positive 3QFY2023

“So far, Frencken has delivered improving quarters since 1QFY2023 and we believe this trend is likely to persist."

Broker's Calls

DBS upgrades Frencken to ‘buy’ with higher TP of $1.33

The group’s revenue and patmi have been improving sequentially from the 1QFY2023 to 3QFY2023.
Frencken earnings down 35.1% y-o-y to $7.1 million for 3QFY2023 as tech slump drags on - THE EDGE SINGAPORE

Results

Frencken earnings down 35.1% y-o-y to $7.1 million for 3QFY2023 as tech slump drags on

Frencken reported revenue of $184.4 million, down 5.6% compared to 3QFY2022, due to challenging business conditions.
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