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Frencken
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Frencken Group Ltd
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piscesmonkey
Supreme |
03-Sep-2026 14:14
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now go back where is fall from before placement
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piscesmonkey
Supreme |
03-Sep-2026 11:56
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Bought 225 and 226 velow placement is a buy 🤣 | ||||
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Alignment
Elite |
03-Sep-2026 10:48
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The underlying issue is that from a markets standpoint it did not seem a good time to do a placement, given a) the share price had only recently fallen 30%, and b) on top of this decline they had to offer a further 10% discount to get the placement away. They should only have done this if they were desperate for the money.
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cfdking
Veteran |
02-Sep-2026 22:25
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if they dun place it now when the price is still high & at a discount you think got takers?? too bad it will be below placement price soon
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Alignment
Elite |
02-Sep-2026 18:12
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Not a good sign when a company willing to sell shares at $2.27 when only a few months ago they were trading at over $3.45. | ||||
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Trainner
Master |
02-Sep-2026 17:15
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$2.26 is a very strong support. It is fair that retailer can buy at the same price as the new share. Continue to accumulate...... AI is the future.
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muifan
Supreme |
02-Sep-2026 11:04
Yells: "Take the leap of faith dont regret 20 years later!" |
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Now below placement price ... look bad | ||||
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Joelton
Supreme |
01-Sep-2026 09:51
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Tng of CGSI maintains ' add' call on Frencken following $100 mil placement but trims target price William Tng has maintained his bullish call on Frencken Group after its plans to raise some $100 million by placing out new shares at around $2.27 each, which is a discount of 10% off the trades done just prior to the announcement. Frencken plans to channel proceeds to fund expansion, including investments to strengthen manufacturing capacity and capabilities of its mechatronics and advanced plastics solutions business. Frencken wants to have better flexibility to make acquisitions or form joint ventures in a &ldquo timely manner&rdquo as part of its bid to drive long-term sustainable growth. The company says the placement can help broaden its share base as well. In its recently reported 1HFY2026 numbers, Frencken says semiconductor revenue from its Asia business is likely to grow in the current 2HFY2026. Demand from its key customer in Europe remains strong, with an anticipated ramp-up in production. &ldquo Management sees the robust semiconductor demand from customers extending into FY2027, and possibly into FY2028,&rdquo says Tng. Citing the management&rsquo s guidance of a strong recovery in the coming FY2027 to FY2028, as well as support from the government-led measures to boost the market, Tng has kept his &ldquo add&rdquo call. Tng is projecting EPS to grow at a CAGR of 8.8% over FY2025 to FY2028, with potential for higher earnings in FY2027 to FY2028. He has applied the same 28x FY2027 earnings valuation multiple, which is 4 sd above its five-year average. As the share base will increase by 9.31%, correspondingly, Tng&rsquo s target price has been lowered from $3.25 to $2.93. For Tng, re-rating catalysts include faster recovery in the semiconductor segment driven by new end-consumer products, and better cost controls, resulting in higher-than-expected earnings. On the other hand, downside risks include further cost escalation, thereby dampening earnings and any potential weakening demand for the semiconductor segment, which will reduce Frencken&rsquo s earnings outlook. Frencken Group shares traded at $2.34 as at 3.05 pm, down 0.43%. |
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sfw2124
Senior |
31-Aug-2026 23:00
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Frencken (E28): Placement &mdash Bad News or Strategic Opportunity?For fellow Frencken shareholders, including those adversely affected by the recent price decline, I think it is useful to separate the short-term market reaction from the longer-term fundamentals. Frencken is raising about S$100m by issuing 44.08m new shares at S$2.2687, around a 10% discount to the pre-placement VWAP. The new shares represent about 9.31% of the enlarged share base. Why did the share price fall?The immediate reason is understandable: 10% discounted placement + ~9.3% dilution = short-term selling pressure. So the market reaction should not be surprising. But there is another side to the story. Approximately S$87.4m (90% of net proceeds) is intended for business expansion, manufacturing capacity, strategic investments, M& A, JVs and alliances, particularly in Mechatronics and Advanced Plastics Solutions. Only about S$9.7m is earmarked for working capital/debt repayment. An encouraging signalExisting substantial shareholder Amova Asset Management Asia is subscribing for approximately 2.922m placement shares. This does not guarantee the share price will recover, but it does indicate that a sophisticated institutional shareholder is prepared to commit additional capital to Frencken at the placement price. The real question for shareholdersThe placement itself is neither automatically bullish nor bearish. The key question is:
If the new capital produces attractive returns through capacity expansion, semiconductor-related demand and successful strategic investments, today' s dilution could ultimately prove value-accretive. If the capital is deployed poorly or returns are insufficient, shareholders will have suffered dilution without adequate compensation. My takeawayShort term: Negative &mdash dilution and discounted placement explain much of the selling pressure. Medium/long term: Potentially positive &mdash provided management converts the new capital into higher revenue, earnings and free cash flow. Therefore, rather than simply asking " Why did Frencken raise money?" , I think the more important question is: " How effectively will Frencken deploy this S$97.1m?" That is what I will be watching in the next few quarters. I am also affected by the price decline, so this is not intended to promote or defend the stock. It is simply an attempt to assess the placement objectively. DYODD &mdash not investment advice.
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Trainner
Master |
31-Aug-2026 20:38
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Don' t know....... but I am adding...... 😁
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bishan22
Supreme |
31-Aug-2026 20:00
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Can add??
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Trainner
Master |
31-Aug-2026 18:41
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After the market suggested the event on new shares..... it should go back to normal uptrend..... | ||||
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wehuattogether88
Supreme |
31-Aug-2026 17:30
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Shortists Kenna slashed today.
If tonight Nasdaq bounce, then they might have to longed. |
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Trainner
Master |
31-Aug-2026 09:31
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$2.26 should be the base. Shortists made a kill at the open, taking the advantage of the weak technology sector. Very soon, the shortists will turn " longists" ..... limited vocabulary...... This is why stock market is fun and exciting. Anyhow, dyodd, may be good time to accumulate.... Cheers~~~~ the sky is not falling.....
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cfdking
Veteran |
31-Aug-2026 09:06
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so fast below placement price...is it gd new??? no support at all | ||||
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Trainner
Master |
29-Aug-2026 14:41
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Near time price turbulence, strong AI trend is still intact, I am quite bullish on long term. Take this opportunity to accumulate more.
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Joelton
Supreme |
29-Aug-2026 13:37
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Frencken shares drop 8.3% after S$100 million placement [SINGAPORE] Shares of technology solutions provider Frencken : E28 -6.69% fell as much as 8.3 per cent on Friday (Aug 28), after it announced plans to raise S$100 million through a proposed placement. The counter fell to as low as S$2.33 at market open, losing S$0.21 from its previous closing price on Tuesday. Trading of the shares had been halted on Wednesday and Thursday. Frencken on Thursday announced that it plans to raise S$100 million through a proposed placement of 44.1 million shares at S$2.2687 each. The new shares will be offered privately to institutional and accredited private investors. The proposed placement share price is at a 10 per cent discount and represents about 10.3 per cent of the existing issued shares as at Thursday. The new shares will represent 9.3 per cent of the enlarged number of issued shares after the placement is complete. In the year to date, shares of Frencken are up 78.9 per cent due to the artificial intelligence boom. Among its customers are chipmaking equipment makers Applied Materials and ASML &ndash key players in the AI trade. In comparison, other Singapore-listed semiconductor firms have experienced a greater boost. AEM : AWX -1.76% shares are up more than four times, while UMS Integration : 558 -2.19% is up about 130 per cent. |
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Trainner
Master |
29-Aug-2026 11:17
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So far only Amova is the only one identified. The others are institutions and accredited investors.
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GGTTAANN
Senior |
29-Aug-2026 06:39
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Amova Asia Increases Frencken Stake Above 7 Per Cent On 6 August, Amova Asset Management Asia reported that its deemed interest in Frencken Group had increased from 29.74 million shares, or 6.93 per cent, to 30.66 million shares, or 7.14 per cent, following the acquisition of 924,600 shares on 3 August at an average price of approximately S$2.51 per share. At the group level, Amova Asset Management Co., Ltd increased its deemed interest from 29.92 million shares, or 6.97 per cent, to 30.85 million shares, or 7.19 per cent. Amova Asia first became a substantial shareholder on 30 March when its interest increased to 5.08 per cent, and subsequently increased its stake above the 6 per cent threshold on 2 June. Frencken Group provides technology solutions to the semiconductor, analytical and life sciences, medical, automotive and industrial automation industries through its Mechatronics and IMS divisions. The group has advised that it will release its financial results for the six months ended 30 June on 13 August. |
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PQTPQK
Supreme |
28-Aug-2026 14:21
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any ideas they place to who ?
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