Frencken - UOB Kay Hian 2024-08-13: Positive Indicators & Share Price Weakness Present Good Buying Opportunity

• 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 an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-11-18 Frencken - Outlook For 2H25 Downgraded Due To Semiconductor Softness.

Previous report by UOB:
2025-08-18 Frencken - 1H25 Results In Line; Expect Stable Outlook For 2H25.

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 Dividend Payout Dates & Corporate Actions,
Frencken News