Frencken Group's Semiconductor Business Could Drive Earnings Growth -- Market Talk

Dow Jones08-26

0353 GMT - Frencken Group's earnings growth will likely be supported mainly by the semiconductor segment, RHB Singapore research analyst Alfie Yeo says in a report. The technology solutions provider looks set to be a beneficiary of the expected semiconductor recovery, he adds. "We also expect revenue to continue strengthening on the back of demand recovery and inventory levels in the supply chain coming down going into [2025]," Yeo says. However, he notes that the company's 1H revenue and margins were lower than expected, prompting RHB to trim its earnings forecast for 2024 by 12% and 2025-2026 by 7.6% each. RHB also lowers the target price to S$1.71 from S$1.81 due to its earnings revisions. It maintains a buy rating on the stock, which was last at S$1.37. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

August 25, 2024 23:53 ET (03:53 GMT)

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The technology solutions provider ...</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":"2462211936","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2462211936","pubTimestamp":1724644380,"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":"0353 GMT - Frencken Group's earnings growth will likely be supported mainly by the semiconductor segment, RHB Singapore research analyst Alfie Yeo says in a report. 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