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2741-2760 of 3013
bit of cautious.... sometime need to step back to look out of bit of surprise on this .....and that may make it plunge
Result if super good than $3.00 coming too! AEM from 20c can go till $4.00 too!!
CGS-CIMB raises TP for Frencken ahead of 1H21 results announcement, anticipates strong net profit growth
CGS-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.
Wow 222/223 ...broke day high again...super strong..
Yesterday I sold 50,000 shares. All foreign buyers. Credit Suisse, ABN Amro, Goldman and UBS.
This should be $2.3 next week when results are announced as the funds who bought yesterday will need to sell.
Sell when many are buying
tcshares ( Date: 01-Jul-2021 16:15) Posted:
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Frencken siao liao! Fly all the way to MARS!
Out 221. Enough for Today.
Thanks, Frencken.
Thanks, Frencken.
So now buy next week can sell in the money ..
Ytd GS-CIMB raised TP to 2.34
Singpost ( Date: 05-Aug-2021 13:23) Posted:
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what is target >
wehuattogether88 ( Date: 05-Aug-2021 13:20) Posted:
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Seeing is believing
Singpost ( Date: 05-Aug-2021 13:16) Posted:
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cant believe it
wehuattogether88 ( Date: 05-Aug-2021 13:08) Posted:
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Touch 2.19 .
wehuattogether88 ( Date: 05-Aug-2021 13:03) Posted:
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Like pushing towards $2.20
Use this thread as now CIMB upgrade Frencken TP to S$2.34!
Yes u right ... saw buying ums up
Buy when no one is buying.....
Many sold Fren to load ums