Frencken Group - CGS-CIMB Research 2023-08-18: FY24 Looking A Bit More Optimistic

Frencken Group - FY24 Looking A Bit More Optimistic

Published:
Frencken (SGX:E28) | SGinvestors.ioFrencken (SGX:E28)
  • Frencken (SGX:E28)’s 1H23 revenue fell 9.7% y-o-y to S$351.0m, as revenue in its business segments declined y-o-y, with the exception of its medical, as well as analytical and life sciences segments. Frencken saw lower transport and freight expenses, as well as lower staff-related expenses in 1H23.
  • - Read this at SGinvestors.io -
  • In our view, Frencken managed to perform better q-o-q in 2Q23, with revenue up 3.5% and net profit up 27.7%. Gross profit margin was stable q-o-q at 12.4% in 2Q23 (vs. 12.3% in 1Q23).
  • - Read this at SGinvestors.io -

2H23F revenue expected to remain stable h-o-h



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