Frencken
Last:2.88
-0.04
New phases new horizons, aim $3 by 2022
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2381-2400 of 3013
Buying support. Next week 16x.
SSH bought more shares today
Just hang in there.
Price is nearly bottoming out, hopefully
oli007 ( Date: 14-Mar-2022 13:13) Posted:
not adding on. still holding
TraderBen ( Date: 14-Mar-2022 11:30) Posted:
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not adding on. still holding
TraderBen ( Date: 14-Mar-2022 11:30) Posted:
so now how? buy again?
oli007 ( Date: 10-Mar-2022 12:17) Posted:
| lucky bought some at 1.50 a few days ago |
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so now how? buy again?
oli007 ( Date: 10-Mar-2022 12:17) Posted:
| lucky bought some at 1.50 a few days ago |
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Frencken Group
Between Mar 7 and 8, Frencken Group Frencken: E28 -1.28% chairman and non-executive non-independent director Gooi Soon Chai acquired 100,000 shares of the company at an average price of S$1.50 per share. With a consideration of S$150,075, this took his total interest in the integrated technology solutions company from 23.45 per cent to 23.47 per cent. This followed his acquisition of 50,000 shares at S$1.92 per share on Dec 15.
Appointed as the group' s chairman in August 2016, he has over 30 years of experience in the global technology industry.
Also, between Mar 7 and 8, Frencken Group president and executive director Dennis Au acquired 150,000 shares of the company at S$1.52 per share. This took his interest from 0.86 per cent to 0.89 per cent. His preceding acquisition was on Dec 14, with 50,000 shares acquired at S$2.00 per share.
Au has over 30 years of experience in the high technology industry and was appointed president of Frencken Group in May 2015 and executive director in April 2016. He is responsible for charting the group' s strategic direction, setting the organisational goals, overseeing its global operations and driving its performance.
On Feb 24, Frencken Group reported that for its H2FY21 (ended Dec 31) group revenue increased 19.4 per cent from H2FY20 to S$391.8 million, driven mainly by higher sales of the mechatronics division. Group H2FY21 revenue also increased 4.4 per cent over H1FY21, despite challenging supply chain conditions in the global technology industry.
The integrated solutions provided by the group involve end-to-end solutions across the entire customer value chain - from product conceptualisation, integrated design, prototyping and new product introductions, to supply chain design and management, state-of-the-art value and volume manufacturing and logistics services.
Its customers include multinational companies in the analytical & life sciences, automotive, healthcare, industrial, and semiconductor segments.
The group' s semiconductor segment chalked up S$289.9 million revenue in FY21, which was up 55.6 per cent from FY20, driven by higher orders for both front-end and back-end semiconductor equipment from customers in Europe and Asia. Sales of the analytical & life sciences segment also increased 27.2 per cent from FY20, to S$147.4 million, attributed to improving demand from customers in Europe.
Both these 2 segments contributed approximately 66 per cent of the FY21 revenue generated by the group' s mechatronics division. Frencken Group also highlighted that in FY22, to expand its wallet share with its mechatronics customers, the division will continue collaborating closely with them on new product introductions while working to move up the value chain.
lucky bought some at 1.50 a few days ago
Shd be easily $2 if have some good news in the war-front
Sgvale ( Date: 10-Mar-2022 10:10) Posted:
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directors having been buying in the last few days..
$1.62-$1.63 today
Analysts stay positive on Frencken despite lower price targets
BROKERAGES are curtailing their valuations and earnings estimates for Frencken Group after the Feb 24 release of its FY2021 results, where the mainboard-listed manufacturer saw its net profit rise 38 per cent on year and raised its recommended dividend to S$0.0413 per share.
Both RHB Research and DBS Group Research have cut their price targets to S$2.10 from S$2.64 and to S$2.09 from S$2.65, respectively, while maintaining " buy" calls on the stock.
In a report on Thursday (Mar 3), RHB analyst Jarick Seet said the new S$2.10 target is pegged to a lower 14 times FY2022 price-to-earnings (P/E) ratio versus 16 times previously as he sees the group' s FY2022 growth slowing down on a year-on-year basis.
Seet nonetheless remains positive on the group' s long-term prospects given its expanded production capabilities and capacity through recent acquisitions, as well as higher revenue growth projected for the industrial automation and automotive segments.
" As global companies are still spending heavily on capex and the chip shortage is still ongoing, we expect the semiconductor sector to continue being robust. Strong demand from this sector should continue to benefit Frencken positively until H1 FY2022, before softening in H2," said Seet.
On the other hand, DBS' s reduced price target is pegged to a lower peer average of 13.5 times FY2022 earnings estimates compared to 15.5 times previously, due to the de-rating of tech stocks globally.
The research house has cut its earnings estimates for FY2022 by 10 per cent and FY2023 by 8 per cent after lowering margin assumptions, noting that Frencken' s FY2021 results missed its projections due to weaker half-on-half margins amid softer sales in the automotive segment.
Its analyst Ling Lee Keng continues to expect the group' s semiconductor segment to remain a strong performer going forward.
" With the supply chain bottlenecks likely to ease in 2022, we expect better performance for the automotive division," said Ling in a Feb 25 report.
Meanwhile, CGS-CIMB lowered its target marginally by S$0.01 to S$2.06 and continues to rate Frencken at " add" .
The research house' s slightly lower price target is based on a new P/E multiple of 11.66 times compared to the earlier S$2.07 target pegged to a P/E multiple of 11.44 times.
In a report dated Feb 28, its analyst William Tng said the new valuation continues to factor in a 10 per cent premium to the 2023 sector average P/E multiple, which is now 10.6 times as opposed to 10.4 times on Jan 28.
He has assumed higher operating expenses in view of cost pressures, andadjusted FY2022 to FY2023 earnings per share estimates down by 2.04 to 3.25 per cent.
" Key risks are potential production disruptions arising from Covid-19 infections in its workforce and further cost pressures from higher raw material costs," noted Tng.
Frencken FY2021 net profit up 38% at S$58.7m company declares higher dividend
MAINBOARD-LISTED manufacturer Frencken Group Frencken: E28 -3.03% on Thursday (Feb 24) posted a 38 per cent increase in net profit to S$58.7 million for the full year ended Dec 31, 2021, from S$42.6 million the year before.
Group revenue rose 23.6 per cent year on year to S$767.1 million from S$620.6 million, lifted by higher sales from its mechatronics and integrated manufacturing services (IMS) divisions.
Revenue from its mechatronics division rose 26.6 per cent to S$659 million in FY2021 on the back of double-digit sales growth of the semiconductor, medical and analytical segments.
The IMS division posted a 6.8 per cent increase in revenue to S$107.8 million for the full year, mainly due to higher sales for the automotive and consumer & industrial electronics segments.
Earnings per share in FY2021 stood at 13.75 Singapore cents, compared with 10.01 cents the year before.
The board has recommended a final dividend of 4.13 cents per share, higher than the 3 cents for FY2020.
Frencken said in its financial statements that it will continue its long-term strategy of strengthening its market position in the high technology industry, as well as focus on its goal of delivering sustainable and profitable growth.
It has, for instance, been ramping up its output capability and increasing production space with new facilities in Europe, Malaysia and Singapore.
Frencken is anticipating higher revenue for its semiconductor, industrial automation and automotive segments for the first half of 2022, compared with the corresponding period in 2021.
Fy profit up 37%- dividend 4.13 cts...
https://links.sgx.com/1.0.0/corporate-announcements/AB4L9VWBLUKKMKS1/703492_Frencken_Full%20Yearly%20Results%20_FY2021.pdf
Gaping up today. Hope results is good.
ozone2002 ( Date: 04-Feb-2022 15:34) Posted:
kGI analyst report hence the run up
Frencken Group (FRKN SP): Cheap enough
- RE-ITERATE BUY Entry &ndash 1.55 Target &ndash 1.80 Stop Loss &ndash 1.45
- FRKN is a technology manufacturer providing end-to-end solutions to global clients including ASML (semiconductor), Philips (medical), Siemens (medical), FEI (analytical), Seagate (industrial automation) and ThermoFisher (analytical).
- Share price correction overdone. Shares of FRKN have dropped around 40% since peaking at S$2.52 in mid-September. We think the selling is overdone. While we acknowledge one key reason for FRKN&rsquo s share price weakness is due to margin pressure due to higher freight and component costs, we expect the pressure to ease as the company adjusts towards higher value added projects heading into 2022.
- Positive surprise from Seagate. Last week, Seagate, Frencken&rsquo s key industrial automation client, reported a better-than-expected quarterly profit and provided revenue and earnings forecasts that were expected to grow in 2022. Seagate&rsquo s CEO believes that hard-disk drives will remain a critical enabling technology as data management continues to grow.
- Consensus estimates are positive. There are 5 BUYS and an average TP of S$2.38, implying a 49% potential upside. Valuations are now cheap at 11x and 10x FY2021 and FY2022 EPS, a 33% discount to SG-listed technology manufacturing peers.
ozone2002 ( Date: 04-Feb-2022 13:49) Posted:
Last:1.77  +0.03
slow and steady
getting Ang Pao
gd luck dyodd |
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Results out after trading hours on 24 feb thursday.
TraderBen ( Date: 14-Feb-2022 15:19) Posted:
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Game over
it seems like 170 isnt gonna hold today..
unable to break down 1.80 convincinly when the tech stocks are on fire the day before.. back to the downtrend..
There is going to be mad rush to cover later
Tracer63 ( Date: 04-Feb-2022 15:30) Posted:
| Warning to all shortists, cover back quickly else you will get burnt very badly when the final surge is here! |
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kGI analyst report hence the run up
Frencken Group (FRKN SP): Cheap enough
- RE-ITERATE BUY Entry &ndash 1.55 Target &ndash 1.80 Stop Loss &ndash 1.45
- FRKN is a technology manufacturer providing end-to-end solutions to global clients including ASML (semiconductor), Philips (medical), Siemens (medical), FEI (analytical), Seagate (industrial automation) and ThermoFisher (analytical).
- Share price correction overdone. Shares of FRKN have dropped around 40% since peaking at S$2.52 in mid-September. We think the selling is overdone. While we acknowledge one key reason for FRKN&rsquo s share price weakness is due to margin pressure due to higher freight and component costs, we expect the pressure to ease as the company adjusts towards higher value added projects heading into 2022.
- Positive surprise from Seagate. Last week, Seagate, Frencken&rsquo s key industrial automation client, reported a better-than-expected quarterly profit and provided revenue and earnings forecasts that were expected to grow in 2022. Seagate&rsquo s CEO believes that hard-disk drives will remain a critical enabling technology as data management continues to grow.
- Consensus estimates are positive. There are 5 BUYS and an average TP of S$2.38, implying a 49% potential upside. Valuations are now cheap at 11x and 10x FY2021 and FY2022 EPS, a 33% discount to SG-listed technology manufacturing peers.
ozone2002 ( Date: 04-Feb-2022 13:49) Posted:
Last:1.77 +0.03
slow and steady
getting Ang Pao
gd luck dyodd
ozone2002 ( Date: 04-Feb-2022 00:16) Posted:
Last:1.74 +0.1
technically oversold, looking good to ride the wave up
chip shortage still causing problems globally
gd luck dyodd |
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