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Frencken
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New phases new horizons, aim $3 by 2022
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Singpost
Master |
11-Aug-2021 09:54
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bit of cautious.... sometime need to step back to look out of bit of surprise on this .....and that may make it plunge | ||||
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ysh2006
Supreme |
07-Aug-2021 17:13
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Result if super good than $3.00 coming too! AEM from 20c can go till $4.00 too!! | ||||
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PhillipTan
Supreme |
07-Aug-2021 14:04
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CGS-CIMB raises TP for Frencken ahead of 1H21 results announcement, anticipates strong net profit growthCGS-CIMB Research analyst William Tng has raised his target price for Frencken Group to $2.34, up from $1.87 previously, ahead of its 1HFY2021 ended June results announcement on August 12.In an August 4 research note, he reiterates his " add" call for the counter. His higher target price is underpinned by an earnings upgrade as well as a higher FY2022 sector average P/E of 15.3 times, up from 13.5 times previously to which his target price is pegged. Tng believes Frencken could see 2QFY2021 net profit growth of 62.7% y-o-y, given the strong performance of the semiconductor industry. He anticipates a 50:50 core net profit split between the 1H and 2H for the FY2021, a departure from the historical average split of 60:40. One factor for his bullish outlook is the raised sales guidance from ASML Holdings, one of Frencken' s key customers within the semiconductor segment. Citing research from brokerage firm Liberum, Tng notes that following its 2Q2021 results, ASML has raised its revenue growth guidance for 2021 from 12% to 35%, with total revenue of EUR 18.9 billion ($30.2 billion) anticipated. " Liberum sees the additional 23% revenue growth, or EUR3.2 billion, being driven by a very strong cyclical upturn in the industry, resulting in capacity shortages and a rush by semiconductor manufacturers for additional capacity," Tng says. To that end, he has raised his revenue forecasts for FY2021-2023 by 3.8%-4.5%, incorporating higher semiconductor sales contribution to Frencken' s group revenue. " With better economies of scale, we also project some margin improvements," he adds. Tng notes that downside risks to his call are supply chain disruptions due to Covid-19, while re-rating catalysts could come from new customer wins and stronger-than-expected sales in the semiconductor and industrial automation segments. Shares in Frencken closed 4 cents or 1.84% higher at $2.22 on August 6. |
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Contratrader
Elite |
06-Aug-2021 14:58
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Wow 222/223 ...broke day high again...super strong.. | ||||
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crouchingtiger
Member |
06-Aug-2021 13:45
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Yesterday I sold 50,000 shares. All foreign buyers. Credit Suisse, ABN Amro, Goldman and UBS. | ||||
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crouchingtiger
Member |
06-Aug-2021 13:44
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This should be $2.3 next week when results are announced as the funds who bought yesterday will need to sell. | ||||
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easywin
Supreme |
05-Aug-2021 14:37
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Sell when many are buying
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hokpin
Supreme |
05-Aug-2021 14:35
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Frencken siao liao! Fly all the way to MARS! | ||||
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sjtrader
Senior |
05-Aug-2021 14:21
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Out 221. Enough for Today. Thanks, Frencken. |
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ysh2006
Supreme |
05-Aug-2021 14:15
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So now buy next week can sell in the money .. | ||||
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Maxgrow68
Elite |
05-Aug-2021 13:27
Yells: "Right and Kind. Choose Kind then you are always Right !" |
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Ytd GS-CIMB raised TP to 2.34
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Singpost
Master |
05-Aug-2021 13:23
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what is target >
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wehuattogether88
Supreme |
05-Aug-2021 13:20
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Seeing is believing
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Singpost
Master |
05-Aug-2021 13:16
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cant believe it
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wehuattogether88
Supreme |
05-Aug-2021 13:08
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Touch 2.19 .
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wehuattogether88
Supreme |
05-Aug-2021 13:03
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Like pushing towards $2.20 | ||||
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wehuattogether88
Supreme |
05-Aug-2021 12:28
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Use this thread as now CIMB upgrade Frencken TP to S$2.34! | ||||
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Singpost
Master |
01-Jul-2021 16:40
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Yes u right ... saw buying ums up | ||||
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tcshares
Senior |
01-Jul-2021 16:15
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Buy when no one is buying..... | ||||
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Singpost
Master |
01-Jul-2021 15:24
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Many sold Fren to load ums | ||||
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