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Frencken Group
Broker's Calls
AI 'hype' sees semicon stocks rally as Maybank keeps 'buy' on Frencken
Maybank analyst Jarick Seet has kept his target price unchanged at 94 cents.
May 31, 2023
Broker's Calls
Analysts cut Frencken's target prices on lower 1QFY2023 earnings
Revenue was down because of industry down cycle but costs increased
May 23, 2023
Broker's Calls
RHB trims Frencken's TP to $1.14 on high inventory and soft demand
The chip sector is expected to be weak in 1H2023 from soft consumption of electronics.
April 21, 2023
Broker's Calls
Analysts mixed on Frencken after dip in FY2022 earnings and soft FY2023 outlook
The company announced FY2022 ended Dec 31, 2022 earnings of $51.9 million, 11.7% lower than $58.7 million in FY2021.
March 06, 2023
Results
Frencken reports better FY2022 revenue higher costs led to earnings drop of 11.7%
The company plans to pay a first and final dividend of 3.64 cents.
February 27, 2023
Results
Frencken Group posts 11.7% declined in FY2022 earnings to $51.9 mil
Global uncertainties and slow recovery of the automotive sector has contributed to the lack of earnings growth for Frencken.
February 27, 2023
Broker's Calls
UOB Kay Hian upgrades Frencken to 'buy' due to 'positive outlook' for its key customer and improving cost pressures
UOB Kay Hian's John Cheong has increased his target price to $1.36 from $1.07 previously.
January 29, 2023
Broker's Calls
The worst is over for Frencken, Maybank upgrades to 'buy' with a higher TP of $1.21
Maybank has increased its FY2023-FY2024 PATMI forecasts by 11.7% and 12.9%.
January 27, 2023
Broker's Calls
Analysts mixed on Frencken’s outlook following 3QFY2022 earnings miss
CGS-CIMB downgraded its call to “reduce” from “add” with lower TP of 95 cents while DBS maintained “hold” with higher TP of $1.05.
November 30, 2022
Results
Frencken reports 3QFY2022 earnings of $11 million, down 25.7% y-o-y
Frencken expects overall revenue for the current 2HFH2022 to "remain stable" versus 1HFY2022
November 28, 2022