Latest Forum Topics /
Frencken
Last:2.83
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New phases new horizons, aim $3 by 2022
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msksmsks
Supreme |
06-Jun-2024 09:40
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Healthy profit taking and selling well absorbed Let' s see whether can it drive the price up to 1.6 later |
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msksmsks
Supreme |
06-Jun-2024 07:50
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Trch rally
Ride Frencken all the way up to $1.7 - 1.8 |
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wehuattogether88
Supreme |
05-Jun-2024 11:46
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Frencken next TP should be around 1.56-1.57 | ||
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msksmsks
Supreme |
05-Jun-2024 10:20
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Steady Swee
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rghleex1
Master |
05-Jun-2024 09:30
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Just hold stable till 4.55pm, shortist will buy back at 1.49 | ||
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rghleex1
Master |
05-Jun-2024 09:18
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They begin to block at 1.48 | ||
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rghleex1
Master |
05-Jun-2024 09:17
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Will touch 1.49 by today | ||
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msksmsks
Supreme |
04-Jun-2024 09:38
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This one shld be moving up soon given the AI frenzy and the exposure to its customers.. Technically , looks good for a bounce |
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wehuattogether88
Supreme |
03-Jun-2024 15:00
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Frencken waiting to move to new levels after their better 1Q results, following 2Q will be good as well. | ||
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wehuattogether88
Supreme |
23-May-2024 09:35
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Look at the TP set by institutions just for reference only. Maybe they(TPs) are not that far after all.
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wehuattogether88
Supreme |
20-May-2024 22:31
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For reference only:
Analysts at Maybank Securities, RHB Bank Singapore and UOB Kay Hian Research have all maintained their ?buy? calls on Frencken Group E28 0.00% following the company?s strong 1QFY2024 ended March results. While Maybank and UOBKH have both kept their target prices of $1.77 and $1.74 unchanged, RHB analyst, Alife Yeo has raised his target price $1.81 from $1.80 previously. In his May 16 report, Yeo writes that Frencken?s 1QFY2024 revenue and earnings had met his expectations, and he believes the company will continue to strengthen its revenue due to it being a ?beneficiary of the anticipated semiconductor recovery? going forward. |
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LoudShout
Master |
20-May-2024 15:14
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UMS is recovering today
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wehuattogether88
Supreme |
20-May-2024 14:08
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Frencken better prospect than UMS.
Looking forward to a good Q2 2024. |
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wehuattogether88
Supreme |
15-May-2024 16:43
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Some seller try to put 1023 lots at 1.40 to block Frencken advances | ||
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wehuattogether88
Supreme |
15-May-2024 12:01
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Might be going towards $1.60 in the coming weeks.
Usually strong 1Q earnings means the momentum will carry on for at least another 2 quarters. |
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Joelton
Supreme |
15-May-2024 10:07
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Frencken Q1 earnings up 73% to S$9 million on back of revenue growth, higher gross profit margin
Revenue for the quarter rose 12.2% year on year to S$193.6 million
SEMICONDUCTOR player Frencken Group : E28 +3.03% reported a net profit of S$9 million for the first quarter ended Mar 31 for FY2023, up 73 per cent from S$5.2 million in the corresponding year-ago period.
In a business update on Tuesday (May 14), the company noted the better results were due to higher gross profit margin and revenue growth.
Revenue for the quarter rose 12.2 per cent year on year (yoy) to S$193.6 million. Revenue contribution from Frencken&rsquo s mechatronics division increased 14.4 per cent yoy to S$170.1 million as higher revenue contributions from the semiconductor, medical and analytical life sciences segments more than offset a decline in revenue from the industrial automation segment, it said.
The group&rsquo s integrated manufacturing services (IMS) also recorded similar revenue of S$22.8 million in Q1 compared to S$22.9 million in the same period last year. Lower revenue from the automotive segment &ndash a drop of 6.6 per cent to S$16.7 million &ndash was offset by the consumer and industrial electronics segment which reported a 29.5 per cent yoy increase in revenue to S$4.8 million.
Gross profit margin improved in Q1 2024 by 1.4 percentage points to 13.7 per cent, mainly due to better operating leverage.
Looking ahead, Frencken said it will continue to adopt a cautious stance given the uncertain global economic climate, geopolitical tensions and the prevailing conflicts in Ukraine and the Middle East.
Based on current indicators and barring unforeseen circumstances, the group expects its revenue in H1 this year to be comparable to that in H2 2023.
Among its key business segments, the group is expecting revenue contributions from its semiconductor, medical and analytical life sciences segments to increase in H1, while the automotive segment is anticipated to register &ldquo softer revenue&rdquo .
The industrial automation segment, meanwhile, is expected to see revenue decrease, the company said.
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chiachiawee
Elite |
15-May-2024 10:04
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Missed the chance to whack big below 1.30z . Only have the first batch near 1.4. Next time should position. My funds early. Wasted.
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MambaFinancial89
Veteran |
15-May-2024 09:53
Yells: "Be greedy when others are fearful. " |
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DBS First Take: 1Q24 broadly inline, higher revenue expected for key segments in 1H24 vs 2H23 - 1Q24 results broadly inline net profit surged 73% y/y on 12% gain in revenue. Key semiconductor division did well - Gross margin improved to 13.7% vs 12.3% in 1Q23 - Key segments &ndash Semiconductor, Medical and Analytical & life sciences &ndash are expected to register higher revenue in 1H24 vs 2H23 - We currently have a BUY call with SGD1.90 TP Overall, the three key segments &ndash Semiconductor, Medical and Analytical & life sciences &ndash are expected to register higher revenue in 1H24 vs 2H23. We currently have a BUY call on Frencken with TP of S$1.90. More updates, if any, after results briefing in the afternoon. |
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Tracer63
Elite |
15-May-2024 09:41
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Likely movement up to 150 in near term | ||
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Tracer63
Elite |
15-May-2024 09:38
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Fortune reversal, downtrend truncated suddenly
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