Frencken - Maybank Research 2025-07-20: Cheapest Among The Lot

• Frencken's share price is trading at a significant discount to local peers at 14.5x FY25E P/E compared to 21x for UMS's share price and 23x for AEM's share price. We believe that the gap in valuations is an attractive opportunity, especially with the incoming S$5bn Monetary Authority of Singapore (MAS) equity programme. (See the 18 Singapore Stocks Poised to Benefit from MAS EQDP (Maybank Research))
• - Read this at SGinvestors.io -

Singapore expansion to boost capability and capacity.

• - Read this at SGinvestors.io -
• The new facility is estimated to yield a GFA of 28,594 sqm and come online in FY27-28. FY25-28 capex of S$63m will be funded by internal cashflow and external financing sources.

Relaxation of semi-con exports will be positive.

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Previous report by Maybank:
2025-06-10 Frencken - Singapore Expansion Validates Outlook.

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 Dividend Payout Dates & Corporate Actions,
Frencken News