- Frencken's share price weakness of 18% in the past month presents a good buying opportunity ahead of its results, which are expected to be good.
- We see positive indicators from Frencken's key customer, ASML, which reported good results in Jul 24; its 2Q24 sales and earnings grew 18% and 29% q-o-q and it guided 3Q24 sales growth of 10% q-o-q.
Key customer ASML’s results provide positive indications.
- - Read this at SGinvestors.io -
- We see positive indicators from its key customer, ASML which reported a positive set of results in Jul 24; its 2Q24 sales grew 18% q-o-q and earnings grew 29% q-o-q. Also, ASML’s 3Q24 sales guidance of €7b, which implies sales growth of 10% q-o-q bodes well for Frencken’s future revenue.
Positive development in the industry overlooked.
- - Read this at SGinvestors.io -
Share price weakness of 18% decline in one month presents a good buying opportunity before Frencken reports a healthy set of results.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-08-13
Read also UOB's most recent report:
2024-08-19 Frencken - 1H24 Within Expectations; Outlook Appears More Bullish.
Price targets by 3 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
