Frencken - UOB Kay Hian 2025-08-05: Positive Indicators For The Semiconductor Segment; Raise Target Price By 49%

• Positive indicators in the semiconductor industry in Jul 25 include:
  1. the US allowing Nvidia to sell its H20 AI chips to China,
  2. TSMC reporting a 61% y-o-y increase in 2Q25 earnings and guiding for a 30% y-o-y revenue increase for 2025, and
  3. Samsung signing a US$16.5b deal to supply chips to Tesla.
• - Read this at SGinvestors.io -

Expect healthy 2Q25 earnings growth.

• We expect Frencken (SGX:E28) to report 2Q25 earnings of S$10m (+10% y-o-y), which will be driven by revenue growth in the semiconductor segment and gross margin expansion from a better product mix.
• To recap, in its latest outlook statement, Frencken holds a cautiously optimistic stance and expects moderate revenue growth in 1H25 compared with 2H24, with segment performances as follows:
  • - Read this at SGinvestors.io -
  • medical: higher revenue,
  • analytical life sciences: stable revenue,
  • industrial automation: stable revenue, and
  • automotive: lower revenue.

Positive read-through from Frencken’s key semiconductor customers.

• 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/.

Previous report by UOB:
2025-05-22 Frencken - 1Q25 Results In Line; Moderate Revenue Growth Outshines Peers.

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