Frencken - UOB Kay Hian 2024-08-19: 1H24 Within Expectations; Outlook Appears More Bullish

• Frencken’s outlook has turned more positive as it expects better revenue and earnings in 2H24 vs 1H24. Frencken is our top pick in the tech manufacturing sector.

Reported a good set of results with 1H24 earnings within expectations.

• - Read this at SGinvestors.io -
• Gross margin grew 2.5ppt y-o-y to 14.8% in 1H24 on better product mix of more semiconductor-related revenue and better operating leverage.

Revenue growth across three key segments offset by drop in industrial automation and automobile revenues.

• - Read this at SGinvestors.io -
• The medical and analytical life sciences segments also saw higher sales from Europe.

Outlook appears more bullish

• 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