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123 cleared. Hope you got it.....
Charanko ( Date: 20-Nov-2024 13:47) Posted:
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parked @ 122 hope can get
kt3152 ( Date: 20-Nov-2024 09:40) Posted:
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Frencken posts 29.3% rise in Q3 profit to S$9.2 million
It says it is aware of trade restrictions that could hurt the tech sector, but holds a positive outlook for the longer term
SEMICONDUCTOR player Frencken : E28 +1.69% on Tuesday (Nov 19) reported a 29.3 per cent increase in profit to S$9.2 million for the three months ended Sep 30, from S$7.1 million the year before.
Revenue for the period was up 7.7 per cent at S$198.6 million, from S$184.4 million a year prior.
The increase in revenue was driven by higher contribution from Frencken&rsquo s mechatronics division, where revenue climbed 10.8 per cent to S$176.8 million in Q3 2024. The company attributed the increase to higher revenue contributions from its semiconductor, analytical life sciences and industrial automation segments.
The company&rsquo s integrated manufacturing services division, which provides integrated contract design and manufacturing services to automotive and office automation industries, saw its revenue drop 12.8 per cent year on year to S$21.1 million in Q3.
The drop was mainly the result of lower contributions from the automotive, and the consumer and industrial electronics segments, said the company.
For the nine months ended Sep 30, the group posted a revenue of S$571.3 million, up 6.7 per cent from a year ago. The increase was driven by better revenue performance of its mechatronics division, which offset softer sales from its integrated manufacturing services division.
Its profit for the nine months ended Sep 30 rose 42.5 per cent to S$S$27.3 million, up from S$19.2 million in the corresponding period a year ago.
The company said that it is mindful of potential trade restrictions that could affect the business environment of technology companies. Nevertheless, it is positive on the longer-term outlook for the semiconductor industry.
The company is guiding for higher revenues in H2 2024, relative to H1 2024, barring unforeseen circumstances.
Tks Bro for sharing these info
wehuattogether88 ( Date: 20-Nov-2024 11:20) Posted:
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Lim and Tan has a TP of S$1.66 for Frencken.
For reference only
For reference only
wehuattogether88 ( Date: 20-Nov-2024 10:57) Posted:
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Good news and good results up a little bit, bad news bad results down 10 cents, this is SGx
122 seems good entry point....
When the biz does well, price wl follow
Mgmt already guided better 2H24
Patient
Mgmt already guided better 2H24
Patient
SGX always sell on news...
Gap up and now covered the gap
Buy and hold
Uptrend resume
Buy and hold
Uptrend resume
msksmsks ( Date: 20-Nov-2024 08:42) Posted:
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Wl resume uptrend since 2H24 wl be
better as per guidance
better as per guidance
Frencken Group has announced earnings of $9.2 million for the 3QFY2024 ended September, up 29.3% y-o-y as compared to the same period last year.
For the same period, the group reported a 7.7% y-o-y increase in revenue at $198.6 million, due to higher contribution from Frencken?s mechatronics division.
Meanwhile, gross profit margin was up at 14.0% in 3QFY2024, compared to 12.4% in 3QFY2023, following better operating leverage for the period.
For the nine months ended Sept 30, the group reported a 6.7% y-o-y increase in revenue at $571.3 million, and a 42.5% y-o-y increase in earnings to $27.3 million.
As at Sept 30, Frencken?s cash and cash equivalents stood at $135 million, while its total assets was at $732.9 million.
For the same period, the group says it remains in a ?sound financial position? with net cash of $40.8 million and a total debt-to-equity ratio of 22.3%.
Looking ahead, the group expects to post higher revenue in 2HFY2024, as compared to 1HFY2024.
For the same period, the group reported a 7.7% y-o-y increase in revenue at $198.6 million, due to higher contribution from Frencken?s mechatronics division.
Meanwhile, gross profit margin was up at 14.0% in 3QFY2024, compared to 12.4% in 3QFY2023, following better operating leverage for the period.
For the nine months ended Sept 30, the group reported a 6.7% y-o-y increase in revenue at $571.3 million, and a 42.5% y-o-y increase in earnings to $27.3 million.
As at Sept 30, Frencken?s cash and cash equivalents stood at $135 million, while its total assets was at $732.9 million.
For the same period, the group says it remains in a ?sound financial position? with net cash of $40.8 million and a total debt-to-equity ratio of 22.3%.
Looking ahead, the group expects to post higher revenue in 2HFY2024, as compared to 1HFY2024.
US semiconductor firm launches initiative in Singapore for power-efficient AI data centres
Published Tue, Nov 19, 2024 · 10:41 PM
APPLIED Materials, the largest US maker of chip-manufacturing equipment, launched an initiative to bring together firms from across the semiconductor industry in Singapore to accelerate technologies for energy-efficient computing.
The initiative ? named Equipment and Process Innovation and Commercialisation (Epic) Advanced Packaging Platform ? will encourage alliances between equipment makers, material providers, device companies and research institutes.
The partnerships will focus on accelerating the commercialisation of advanced chip-packaging technologies that promise more energy-efficient system performance.
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/us-semiconductor-firm-launches-initiative-singapore-power-efficient-ai-data-centres
Published Tue, Nov 19, 2024 · 10:41 PM
APPLIED Materials, the largest US maker of chip-manufacturing equipment, launched an initiative to bring together firms from across the semiconductor industry in Singapore to accelerate technologies for energy-efficient computing.
The initiative ? named Equipment and Process Innovation and Commercialisation (Epic) Advanced Packaging Platform ? will encourage alliances between equipment makers, material providers, device companies and research institutes.
The partnerships will focus on accelerating the commercialisation of advanced chip-packaging technologies that promise more energy-efficient system performance.
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/us-semiconductor-firm-launches-initiative-singapore-power-efficient-ai-data-centres
Set the tone for the rest of
the year.
Cheers
the year.
Cheers
kt3152 ( Date: 19-Nov-2024 19:07) Posted:
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The Group reported higher profit attributable to equity holders of the Company (?PATMI?) of S$9.2 million in 3Q24, up 29.3% from S$7.1 million in 3Q23.
Company expects to post higher revenue for 2H 24.
Abt time for it to move up
msksmsks ( Date: 18-Nov-2024 13:48) Posted:
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Whenit' s time to move, it wl
This one sensitive to ASML and AI related news.
Bght some and see whether the base
is gradually forming...
is gradually forming...
msksmsks ( Date: 15-Nov-2024 09:45) Posted:
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