Frencken Group - OCBC Investment 2024-06-05: Turn Up The Semiconductor Cycle

Frencken Group - Turn Up The Semiconductor Cycle

Frencken (SGX:E28) | SGinvestors.ioFrencken (SGX:E28)
  • 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

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Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @

Donavan Tan OCBC Investment Research | 2024-06-05

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


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