“This was in line with our expectations [and is] at 102% of our full-year forecast and above Bloomberg consensus expectations at 106%” CGS-CIMB analyst William Tng writes in a research note.
Analysts have taken a strong liking for Frencken Group following its results for FY2021 ended Dec 31 2021.
The manufacturer’s full-year earnings grew by 38% to $58.7 million, on the back of 23.6% increase in revenue to $767.1 million.
