- We believe that Frencken (SGX:E28) will likely be the key beneficiary of its strategic partnership with Applied Materials in the next few years and will likely win more next-generation new products introductions (NPI).
AMAT to expand its Singapore operation with a new S$600m facility
- - Read this at SGinvestors.io -
- In our view, Frencken is the best proxy for a semi-con recovery even for FY24E and remains our Top Pick in the SG tech sector.
FY24E semi-con recovery with ramp up in FY25E
- - Read this at SGinvestors.io -
- Frencken has also relocated its US operations to a larger facility and expanded its motor business, supporting semi-con equipment customers. It is also working with a US front-end equipment customer to expand its range of programmes, which is likely to translate to higher revenue in the future. We understand that certain NPIs are slated to ramp up, especially in FY25E.
Q-o-q improvement likely
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Jarick Seet Maybank Research | https://www.maybank-ke.com.sg/ 2024-05-27
Previous report by Maybank:
2024-05-15 Frencken Group - The Only Shining Beacon.
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
