Frencken Group's 2H Profitability Likely to Be Stronger -- Market Talk

Dow Jones08-20

0131 GMT - Frencken Group's profitability is likely to be stronger in 2H, Maybank Research analyst Jarick Seet says in a report. The technology solutions provider's management expects 2H revenue and semiconductor revenue to be higher than 1H, the analyst notes. "As a result of higher margins from [the semiconductor segment] and better operating leverage, we expect gross and net margin to further improve," Seet says. There are also some orders, estimated worth be around S$20 million-S$80 million from a key semiconductor customer, which were delayed into 3Q and these could boost 2H margins, the analyst says. Maybank maintains a buy rating on the stock with a target price of S$1.77. Shares last at S$1.38.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

August 19, 2024 21:31 ET (01:31 GMT)

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The technology solutions provider's management expects 2H revenue and ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"E28.SI","symbol_name":"福根集团有限公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2460018351","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2460018351","pubTimestamp":1724117460,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0131 GMT - Frencken Group's profitability is likely to be stronger in 2H, Maybank Research analyst Jarick Seet says in a report. 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