- We believe the recent correction in Frencken's share price is unjustified and has presented an attractive opportunity for accumulation. Frencken (SGX:E28) will report 2Q24 results on 14 Aug (see earnings calendar) and we expect 2Q24 to perform better than 1Q24.
Q-o-Q improvement likely for 2Q24E
- - Read this at SGinvestors.io -
- South East Asia utilisation has picked up to 60-70% from 50+% in 3Q23, which is highly encouraging and should point to a stronger 2Q24E y-o-y.
Huge potential with semi-con clients – AMAT & ASML
- - Read this at SGinvestors.io -
- We think that there is a huge potential to grow significantly with its largest semi-con customers from FY25E to FY27E, especially with the worsening trade relations between the US and China.
Best proxy for semi-con recovery
- 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/ 2024-08-07
Read also Maybank's most recent report:
2024-11-20 Frencken - Slower Recovery But Still The Cream Of The Crop.
Previous report by Maybank:
2024-10-14 Frencken - Ramp Up Likely Only From 2-3Q25 Onwards.
Price targets by 4 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
