- 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 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/ 2024-08-19
Previous report by UOB:
2024-08-13 Frencken - Positive Indicators & Share Price Weakness Present Good Buying Opportunity.
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
