$FRENCKEN GROUP LIMITED(E28.SI)$
My 2 cents:
-Disappointed 1QFY22 performance due to lower profit margin amid higher revenue acheived.
-The group could not pass down the rising operation cost to customers, don't have strong moat on its business products and the company's businesses are competitve.
-Continue to push up revenue but sacrifice profit margin. Good for long term if the management is able to reduce cost or increase selling price.
Did a simple calculation, my target price to FY22 Frencken is 1.16 and is a sell call.
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