Frencken Group's Margins Poised to Narrow

Dow Jones11-18

Frencken Group's net margins are set to narrow as volume recovery moderates across its key segments, says DBS Group Research's Lee Keng Ling in a note. The Singapore semiconductor-component maker's 3Q earnings were slightly below her expectations on slower-than-expected margin recovery, the analyst says.

The company's outlook points to cautious near-term earnings momentum on persistent geopolitical uncertainty, tariff risks and softer European demand in its analytical life-sciences segment, she adds. DBS trims its 2025 and 2026 earnings forecasts by 8% and 10%, respectively, to reflect near-term softness. Projected net margins were also lowered by a few percentage points on reduced revenue momentum and weaker operating leverage. The bank cuts its target price to S$1.92 from S$2.03 but maintains a buy rating. Shares fall 1.3% to S$1.50.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2584011346?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-18 10:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2584011346","market":"nz","top_or_hot":-1,"title":"Frencken Group's Margins Poised to Narrow","media":"Dow Jones","content":"<p>Frencken Group's net margins are set to narrow as volume recovery moderates across its key segments, says DBS Group Research's Lee Keng Ling in a note. The Singapore semiconductor-component maker's 3Q earnings were slightly below her expectations on slower-than-expected margin recovery, the analyst says. </p><p>The company's outlook points to cautious near-term earnings momentum on persistent geopolitical uncertainty, tariff risks and softer European demand in its analytical life-sciences segment, she adds. DBS trims its 2025 and 2026 earnings forecasts by 8% and 10%, respectively, to reflect near-term softness. Projected net margins were also lowered by a few percentage points on reduced revenue momentum and weaker operating leverage. The bank cuts its target price to S$1.92 from S$2.03 but maintains a buy rating. Shares fall 1.3% to S$1.50.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Frencken Group's Margins Poised to Narrow</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFrencken Group's Margins Poised to Narrow\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-18 10:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Frencken Group's net margins are set to narrow as volume recovery moderates across its key segments, says DBS Group Research's Lee Keng Ling in a note. The Singapore semiconductor-component maker's 3Q earnings were slightly below her expectations on slower-than-expected margin recovery, the analyst says. </p><p>The company's outlook points to cautious near-term earnings momentum on persistent geopolitical uncertainty, tariff risks and softer European demand in its analytical life-sciences segment, she adds. DBS trims its 2025 and 2026 earnings forecasts by 8% and 10%, respectively, to reflect near-term softness. Projected net margins were also lowered by a few percentage points on reduced revenue momentum and weaker operating leverage. The bank cuts its target price to S$1.92 from S$2.03 but maintains a buy rating. Shares fall 1.3% to S$1.50.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1839390173.USD","symbol_name":"JPM ASEAN EQUITY \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2584011346","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2584011346","pubTimestamp":1763431380,"columns":[{"name":"Data Report","id":30,"label_key":"dataReport"}],"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":"0203 GMT - Frencken Group's net margins are set to narrow as volume recovery moderates across its key segments, says DBS Group Research's Lee Keng Ling in a note. The Singapore semiconductor-component maker's 3Q earnings were slightly below her expectations on slower-than-expected margin recovery, the analyst says. The company's outlook points to cautious near-term earnings momentum on persistent geopolitical uncertainty, tariff risks and softer European demand in its analytical life-sciences segment, she adds. DBS trims its 2025 and 2026 earnings forecasts by 8% and 10%, respectively, to reflect near-term softness. Projected net margins were also lowered by a few percentage points on reduced revenue momentum and weaker operating leverage. The bank cuts its target price to S$1.92 from S$2.03 but maintains a buy rating. Shares fall 1.3% to S$1.50. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1839390173.USD":"JPM ASEAN EQUITY \"A\" (USD) INC","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","LU0441851309.USD":"JPM ASEAN EQUITY \"A\" ACC","LU0865486749.SGD":"Eastspring Investments - Asian Equity Income AS SGD-H","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","IE00BKZH1Z71.USD":"BNY MELLON ASIAN INCOME \"B\" (USD) ACC","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","IE00BVYPNQ40.USD":"GUINNESS ASIAN EQUITY INCOME \"C\" (USD) ACC","LU0011963245.USD":"abrdn SICAV I ASIA PACIFIC SUSTAINAB  LE EQUITY \"A\" (USD) ACC","LU0675040207.SGD":"JPM ASIA PACIFIC EQUITY \"A\" (SGD) ACC","LU1497733631.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD","LU0315178854.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"A\" ACC","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","LU0823413660.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) INC","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","SG9999007991.SGD":"Schroder Asian Income A Dis SGD","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","E28.SI":"福根集团有限公司","LU0441854154.USD":"JPM ASIA PACIFIC EQUITY \"A\" (USD) ACC","LU0823397103.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) ACC","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","IE0031814969.USD":"FSSA ASEAN ALL CAP FUND \"I\" (USD) ACC","LU2506951875.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) ACC","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU2506952097.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) ACC","LU0823397285.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) INC","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","SG9999002406.SGD":"利安新加坡信托基金","LU1522347837.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC A","LU0823417737.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","LU0878004406.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) INC","LU0261945553.USD":"FIDELITY ASEAN \"A\" ACC","LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","LU2506951958.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) INC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0096374516.USD":"CT (LUX) I ASIA EQUITY INCOME \"DU\" (USD) ACC","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","BK6112":"综合性银行","LU2506952170.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) INC","LU1497733557.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) INC A","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD"},"translate_title":"弗兰肯集团的利润率即将收窄","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"E28.SI":1.5},"content_text":"Frencken Group's net margins are set to narrow as volume recovery moderates across its key segments, says DBS Group Research's Lee Keng Ling in a note. The Singapore semiconductor-component maker's 3Q earnings were slightly below her expectations on slower-than-expected margin recovery, the analyst says. The company's outlook points to cautious near-term earnings momentum on persistent geopolitical uncertainty, tariff risks and softer European demand in its analytical life-sciences segment, she adds. DBS trims its 2025 and 2026 earnings forecasts by 8% and 10%, respectively, to reflect near-term softness. Projected net margins were also lowered by a few percentage points on reduced revenue momentum and weaker operating leverage. The bank cuts its target price to S$1.92 from S$2.03 but maintains a buy rating. Shares fall 1.3% to S$1.50.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2584011346","isCrawlerRequest":true}