- Frencken (SGX:E28) registered stable revenue of S$195.3m in 3Q22 (-1% y-o-y; +2.5% q-o-q). Excluding the negative impact of currency translation arising from the depreciation of the euro against the Singapore dollar, as well as the slower-than-anticipated recovery of the global automotive industry, revenue would have been 5% higher at S$205.1m, assuming a constant EUR/S$ exchange rate vis-a-vis 3Q21. A slightly higher proportion of sales (slightly >50% of total revenue) is denominated in euros as compared to US$. See Frencken's Announcement dated 28 Nov 2022.
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Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Lee Keng LING DBS Group Research | https://www.dbs.com/insightsdirect/ 2022-11-29
Read also DBS's most recent report:
2024-02-28 Frencken Group - Recovery Intact; A Stellar FY23 Boosted By Strong Performance In Europe.
Previous report by DBS:
2023-11-23 Frencken Group - Improving Margins & Outlook; Upgrade To BUY.
Price targets by 4 other brokers at Frencken Target Prices.
Listing of research reports at Frencken Analyst Reports.
Relevant links:
Frencken Share Price History,
Frencken Announcements,
Frencken Dividends & Corporate Actions,
Frencken News Articles
