- With trade deals being made globally, especially with China, as well as a potential relaxation of export curbs for AI chips and semi-con equipment, we believe that the risks are now lower and upgrade the sector to NEUTRAL from Negative. There is still an overhang from potential semi-con sector tariffs.
- - Read this at SGinvestors.io -
- Our Top Pick remains Frencken due to its lowest valuation and strong growth opportunities.
Top Pick Frencken.
- - Read this at SGinvestors.io -
- The Trump administration is also looking to rollback several Biden-era restrictions on semi-con exports to China, which will be beneficial for Frencken’s key clients and also Frencken. Maintain our BUY based on a higher blended 17x FY25/26E P/E (from 13x) resulting in a higher Frencken's target price of S$1.75.
- See report: Frencken: Cheapest Among The Lot.
UMS – Bursa secondary listing catalyst.
- Read more at SGinvestors.io.
