- Frencken expects 1H23 revenue to be softer than 2H22 due to a slowdown across most of its key segments on the challenging macroeconomic environment. We cut our 2023 earnings forecast for Frencken by 19%.
- - Read this at SGinvestors.io -
- Frencken’s 2022 earnings of S$52m (-12% y-o-y) beat our estimate by 11%. 2023 revenue grew 2.5% y-o-y, with semiconductor (+5% y-o-y), medical (+7% y-o-y) and industrial automation segments (+5%) recording growths, while automobile (-12% y-o-y) declined.
Frencken's 2022 earnings of S$52m (-12% y-o-y) beat our estimate by 11% on net margin recovery.
- - Read this at SGinvestors.io -
Marginal revenue growth with mixed performance across different segments.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-03-01
Read also UOB's most recent report:
2023-08-15 Frencken Group - Stable Outlook Expected For 2H23; Upgrade To BUY.
Previous report by UOB:
2023-05-23 Frencken - 1Q23 Earnings Below Expectation Due To Weaker Margin, Outlook Remains Cautious.
Price targets by 2 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
