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Frencken Group
Results
Frencken reports better FY2022 revenue higher costs led to earnings drop of 11.7%
The company plans to pay a first and final dividend of 3.64 cents.
February 27, 2023
Results
Frencken Group posts 11.7% declined in FY2022 earnings to $51.9 mil
Global uncertainties and slow recovery of the automotive sector has contributed to the lack of earnings growth for Frencken.
February 27, 2023
Broker's Calls
UOB Kay Hian upgrades Frencken to 'buy' due to 'positive outlook' for its key customer and improving cost pressures
UOB Kay Hian's John Cheong has increased his target price to $1.36 from $1.07 previously.
January 29, 2023
Broker's Calls
The worst is over for Frencken, Maybank upgrades to 'buy' with a higher TP of $1.21
Maybank has increased its FY2023-FY2024 PATMI forecasts by 11.7% and 12.9%.
January 27, 2023
Broker's Calls
Analysts mixed on Frencken’s outlook following 3QFY2022 earnings miss
CGS-CIMB downgraded its call to “reduce” from “add” with lower TP of 95 cents while DBS maintained “hold” with higher TP of $1.05.
November 30, 2022
Results
Frencken reports 3QFY2022 earnings of $11 million, down 25.7% y-o-y
Frencken expects overall revenue for the current 2HFH2022 to "remain stable" versus 1HFY2022
November 28, 2022
Billion Dollar Club 2022
ST Engineering makes clean sweep of all award categories; record order book to help sustain earnings growth
ST Engineering is constantly looking for acquisition targets that will be a good strategic fit
November 10, 2022
Broker's Calls
Maybank downgrades Singapore tech sector on uncertain outlook
Seet's sole "buy" call within the tech sector under his coverage is Venture Corp for its "diversification and resilience"
November 02, 2022
Broker's Calls
UOB Kay Hian adds ThaiBev and CDG to its alpha picks; removes BRC Asia and Frencken
The analysts from UOB Kay Hian believe CDG and ThaiBev will benefit from the demand recovery from the economic reopening.
October 12, 2022
Tech
Local semiconductor plays stay cheerful, investors not much so
Local semiconductor plays have largely reported record results, but why do investors not seem to be interested?
August 18, 2022