Frencken’s improved 12% y-o-y earnings of $10 million for the period came in-line with UOBKH analyst Roy Chen’s expectations, forming 25% of his full-year forecast.
Analysts have raised their respective target prices for Frencken Group (SGX:E28
) after its 1QFY2025 results that met expectations and painted a positive outlook for the semiconductor industry.
UOB Kay Hian (UOBKH) and CGS International (CGSI) have both kept their respective “buy” and “add” calls on the stock, at raised target prices (TP) of $1.40 from $1.16 previously and $1.27 from $1.15 previously.
