Frencken Group (SGX:E28) is a globally recognised integrated technology solutions company that offer comprehensive end-to-end solutions across the entire manufacturing value chain.
From product conceptualisation, integrated design, prototyping, and new product introduction to supply chain design and management, volume manufacturing, and logistics services, Frencken covers it all.
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Imminent semiconductor upcycle
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As the demand for AI continues to rise, chip makers are increasing their production of smaller and faster chips. This presents a significant growth opportunity for the broader semiconductor market, including key players like Frencken.
In their 1Q24 updates, Frencken demonstrated ongoing recovery with revenue and net profit reaching S$193.6m and S$9m, respectively, marking a 12% and 73% y-o-y ( y-o-y) increase.
Net cash balance sheet of S$62.2m
Read more at SGinvestors.io.
Above is an excerpt from a report by OCBC Investment Research. Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.
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