0212 GMT - Frencken Group's earnings are likely to be stronger in 2H than in 1H, as orders will probably pick up in the semiconductor segment, RHB Research's Alfie Yeo says in a report. The technology company's volume production for some semiconductor programs are poised to ramp up in 2H, the analyst says. A key client is expected to increase orders following a strong outlook that includes opportunities to support its own customers' capacity-expansion plans. Frencken's backend customers are also bolstering production. RHB Research raises the stock's target price to 3.73 Singapore dollars from S$3.57, with an unchanged buy rating. Shares are 0.75% higher at S$2.69.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.