0134 GMT - Frencken Group's orders are likely to accelerate in 2H, boosting its earnings, says RHB Research's Alfie Yeo in a note. The Singapore manufacturing-solutions company's 2025 earnings were driven by a recovery in its semiconductor customer orders, he notes. He expects that its customers' excess inventory will be cleared by 1H, which should lead to restocking in 2H. The stock is likely to continue benefiting and re-rate higher from Singapore equities market's rising fund flows, he adds. RHB Research raises the stock's target price to S$2.56 from S$2.03 and maintains a buy rating. Shares are up 0.5% at S$2.07.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 18, 2026 21:34 ET (01:34 GMT)
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