Frencken - Phillip Securities 2025-07-11: Growing With A Giant

• We initiate coverage on Frencken with a BUY recommendation and target price S$1.76.
• We believe Frencken is the key supplier for components in the most advanced lithography machine used to produce 2nm chips by their Netherlands-based customer. Frencken will ride on the organic growth of lithography, new products turning into mass production and customer shifting production into Asia. The investments into new capacity have been made as the ramp begins for multiple years.
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Company Background:

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• Frencken operates in two business segments,
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Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Read also Phillip's most recent report:
2026-01-05 Frencken - Where Growth Meets Value.

Previous report by Phillip:
2025-11-19 Frencken - Stronger Growth On The Back Half Of 2026.

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