“We are still confident that the group will enjoy an excellent FY2021 [ending December], and remain among the main proxies for semiconductor growth in the Singapore listed space,” he says in a research note on April 13.
RHB Group Research analyst Jarick Seet remains bullish on Frencken Group and believes further upside to its share performance is possible.
He maintains his ‘buy’ rating for the counter with a higher target price of $1.77 from $1.52 previously, pegged to a higher multiple of 14 times on the rerating of tech stocks globally
