Currently, Frencken is riding on the global semiconductor boom, thanks to its role as a key contractor to leading semiconductor capital equipment manufacturers. When asked if the company is considering a larger listing destination, such as Hong Kong, Au says that is not his priority. “At the moment, we are very busy looking at how our business can continue to progress,” he says. “It’s not that we are small today, but I think we have not really reached the pinnacle of what we can achieve.”
When news that a couple of other Singapore-listed manufacturers were planning a secondary listing on Bursa Malaysia, Dennis Au, president and executive director of Frencken Group, was “bombarded” with calls from shareholders, analysts and bankers to do the same. “You’ve got to do it!” Au recalls in an interview with The Edge Singapore.
The Singapore Exchange (SGX) is better known for its stocks with decent yields, whereas other exchanges are where growth stories receive better valuations from investors.
However, judging by the track record of SGX companies that have sought another listing overseas, Au is not particularly impressed that he feels the urge to follow. Still, his stance of never saying no to anything stays and stresses he is not in a hurry. “Let’s wait and see.”
