This bodes well for Frencken, which manufactures components and modules for various industries including the semiconductor, life sciences, automotive and industrial automation sectors.
Maybank Research analyst Jarick Seet has maintained his “buy” rating for Frencken Group (SGX:E28
) with an unchanged target price of 94 cents, citing recent market support for artificial intelligence (AI).
Amid the recent AI craze following Nvidia’s forecast raise due to strong demand for its AI chips, Seet says that semiconductor-related stocks have “mostly rallied”, even in Singapore.
