Frencken
Last:2.84
-0.16
Frencken Group Ltd
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701-720 of 943
3 cents XD first day closed green, steady lah Frencken.
sorry, is dbs tp:1.02
bought @0.90, my target 1st 0.95, RHB : 1.02, uobkh: 1.15
KC1181 ( Date: 06-Jul-2020 13:11) Posted:
bought some too. target to break 0.94 this week?
dc16888 ( Date: 06-Jul-2020 10:11) Posted:
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bought some too. target to break 0.94 this week?
dc16888 ( Date: 06-Jul-2020 10:11) Posted:
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bought some just now .
Now than noticed Frencken NAV by March 20 is $0.7241 n UMS is $0.4762
Frencken coming Monday XD.
frencken,ums & , aem , vols very low today. ??
Frencken 3 cents dividend last day today.
Frencken&rsquo s diversified revenue from medical and semiconductor sectors provides &lsquo resilience&rsquo : DBS
Jeffrey Tan Published on Wednesday, Jul 01, 2020 / 12:00 PM SST (GMT+8) / Updated 4 hours ago
SINGAPORE (July 1): Amid the novel coronavirus (Covid-19) pandemic and expectations of higher global fabrication equipment spending, Frencken Group&rsquo s diversified revenue streams should bode well for the company, according to DBS Group Research.
This should provide &ldquo resilience&rdquo and &ldquo stability&rdquo to the equipment service provider, the brokerage adds.
According to DBS, about 19% of the company&rsquo s revenue is derived from the medical segment, which is an added advantage during the pandemic.
About 20% of the company&rsquo s revenue is derived from the semiconductor segment, which is expected to far better than others in the technology value chain, it adds.
The brokerage notes that industry association SEMI has forecast global fabrication equipment spending to jump 24% y-o-y in 2021. This is 10 percentage points higher than its previous forecast in 1Q20.
DBS points out that May&rsquo s semiconductor equipment billing data was up 14% y-o-y, its eighth consecutive y-o-y increase since October last year.
The brokerage has maintained its &ldquo buy&rdquo call for the stock with a higher target price of $1.02 from 92 cents previously.
It also notes that the stock is relatively cheap as it is trading at about a 30% discount to its peers&rsquo average of 13 times earnings.
&ldquo We are optimistic that Frencken can tide over this period of extreme volatility given its diversified exposure,&rdquo DBS analyst Ling Lee King writes in a note dated June 30.
As at 11.55 am, Frencken was up 4.5 cents or 5.1% at 92.5 cents with 4.9 million shares changed hands.
UOB Kay Hian Brokers Call . Felicia Tan Published on Wednesday, Jun 24, 2020 / 3:41 PM SST (GMT+8) / Updated 6 days ago
SINGAPORE (June 24): UOB Kay Hian has initiated coverage on Frencken Group with a &ldquo buy&rdquo call and target price of $1.15.
DBS (30/06/20) Maintain BUY with higher TP of S$1.02. We raised our TP to S$1.02 as we shift our valuation base to FY21F, still pegged to 10.4x PE, at a 20% discount to peers&rsquo average given Frencken&rsquo s smaller scale.
i added 0.88 yesterday.
Frencken this jocker now over take UMS liao at $0.915
Dividend 3 cents XD on 06 July pay on 16/07
The best is yet to be.
dc16888 ( Date: 22-Jun-2020 16:40) Posted:
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uobkh
spec008 ( Date: 22-Jun-2020 16:36) Posted:
Audiohouse...JOKE😂
Cadence88 ( Date: 22-Jun-2020 14:34) Posted:
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kee xiao moves 6c
Audiohouse...JOKE😂
Cadence88 ( Date: 22-Jun-2020 14:34) Posted:
From which house ?
SmallSmall ( Date: 22-Jun-2020 09:00) Posted:
Fresh from oven
INITIATE COVERAGE
Frencken Group (FRKN SP)
BUY | Price/Tgt: S$0.86/S$1.15 | Mkt Cap: S$364.9m
Resilient And Stable Portfolio Stands Out In Tough Times
High-tech component manufacturer Frencken is a longer-term beneficiary of positive trends in the technology sector. With a diverse blue-chip clientele, its earnings should be more stable than peers&rsquo amid the temporary slowdown brought about by the COVID-19 pandemic, which has affected manufacturing plants worldwide. Initiate coverage with BUY and target price of S$1.15.
· Revenue stream from multiple industries. Frencken Group (Frencken) serves leading corporations across multiple industries, a wide range of end-user markets and different geographical regions. Top- (+5.6%) and bottom (+41.1%) lines delivered healthy performances amid tumultuous business conditions in 2019. For the year, we expect a slight revenue contraction of 6.4% as the healthy demand growth from the semiconductor business would be offset by the worsening dynamics in the automobile industry. A resumption of orders in the company&rsquo s analytical and industrial automation subdivisions is expected to lift 2021-22 top-lines by 8.7% and 9.5%, respectively.
· Longer-term beneficiary of positive tech sector trends. Frencken is in a good position to ride the positive market trends in 5G, Internet of Things and artificial intelligence. As a component supplier and provider of modular parts for companies in industries such as analytical & life sciences, healthcare and industrial automation, the group will benefit from higher demand for parts as the technology trends evolve towards mass consumption.
· Taking operational efficiency to the next level. Despite expected lower sales in 2020, operating margin should normalise above 11%, compared with the sub-9% region between 2014 and 2017, due to cost-cutting measures and efficiency improvements. Management is still making investments to upgrade its equipment and facilities.
· Supportive balance sheet to weather volatile conditions. As at end-1Q20, its net cash of S$92.9m, or 25% of market cap, should help weather any uncertainties in the current demand environment due to the COVID-19 outbreak. Past the volatile period, we believe Frencken would emerge with a leaner cost structure, which translates into greater operating leverage as revenue normalises. Shareholders should be rewarded with a consistent dividend payout of > 30% of net income, which Frencken has made since its listing in May 05.
· Initiate coverage with BUY and target price of S$1.15, pegged to 12.6x 2020F PE, in line with that of SGX-listed peers, and implies 5.7x EV/EBITDA. We believe current valuations are attractive, given the exposure Frencken has to favourable market trends in the technology sector. Assuming a 30% payout ratio, 2020-21F DPS of S$0.0275 and S$0.029 would translate to yields of 3.2% and 3.4% respectively. Frencken currently trades at 9.4x 2020F PE and 4x EV/EBITDA.
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Hopefully it will be like AEM..
From which house ?
SmallSmall ( Date: 22-Jun-2020 09:00) Posted:
Fresh from oven
INITIATE COVERAGE
Frencken Group (FRKN SP)
BUY | Price/Tgt: S$0.86/S$1.15 | Mkt Cap: S$364.9m
Resilient And Stable Portfolio Stands Out In Tough Times
High-tech component manufacturer Frencken is a longer-term beneficiary of positive trends in the technology sector. With a diverse blue-chip clientele, its earnings should be more stable than peers&rsquo amid the temporary slowdown brought about by the COVID-19 pandemic, which has affected manufacturing plants worldwide. Initiate coverage with BUY and target price of S$1.15.
· Revenue stream from multiple industries. Frencken Group (Frencken) serves leading corporations across multiple industries, a wide range of end-user markets and different geographical regions. Top- (+5.6%) and bottom (+41.1%) lines delivered healthy performances amid tumultuous business conditions in 2019. For the year, we expect a slight revenue contraction of 6.4% as the healthy demand growth from the semiconductor business would be offset by the worsening dynamics in the automobile industry. A resumption of orders in the company&rsquo s analytical and industrial automation subdivisions is expected to lift 2021-22 top-lines by 8.7% and 9.5%, respectively.
· Longer-term beneficiary of positive tech sector trends. Frencken is in a good position to ride the positive market trends in 5G, Internet of Things and artificial intelligence. As a component supplier and provider of modular parts for companies in industries such as analytical & life sciences, healthcare and industrial automation, the group will benefit from higher demand for parts as the technology trends evolve towards mass consumption.
· Taking operational efficiency to the next level. Despite expected lower sales in 2020, operating margin should normalise above 11%, compared with the sub-9% region between 2014 and 2017, due to cost-cutting measures and efficiency improvements. Management is still making investments to upgrade its equipment and facilities.
· Supportive balance sheet to weather volatile conditions. As at end-1Q20, its net cash of S$92.9m, or 25% of market cap, should help weather any uncertainties in the current demand environment due to the COVID-19 outbreak. Past the volatile period, we believe Frencken would emerge with a leaner cost structure, which translates into greater operating leverage as revenue normalises. Shareholders should be rewarded with a consistent dividend payout of > 30% of net income, which Frencken has made since its listing in May 05.
· Initiate coverage with BUY and target price of S$1.15, pegged to 12.6x 2020F PE, in line with that of SGX-listed peers, and implies 5.7x EV/EBITDA. We believe current valuations are attractive, given the exposure Frencken has to favourable market trends in the technology sector. Assuming a 30% payout ratio, 2020-21F DPS of S$0.0275 and S$0.029 would translate to yields of 3.2% and 3.4% respectively. Frencken currently trades at 9.4x 2020F PE and 4x EV/EBITDA.
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