- 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.
