Latest Forum Topics /
Frencken
Last:2.98
-0.09
|
 Post Reply
|
|
This one can aim $1
|
|||
|
sjtrader
Senior |
05-Aug-2021 10:16
|
||
|
x 0
x 0 Alert Admin |
This one really is TOP pick. Very strong pulling up those lame duck like ISDN together. | ||
| Useful To Me Not Useful To Me | |||
|
whereru
Senior |
05-Aug-2021 10:16
|
||
|
x 0
x 0 Alert Admin |
any news? today very strong up break all time high! | ||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
Singpost
Master |
03-Aug-2021 14:14
|
||
|
x 0
x 0 Alert Admin |
i think the result come out shortly and follow UMS .. rally now for both |
||
| Useful To Me Not Useful To Me | |||
|
PhillipTan
Supreme |
31-Jul-2021 00:29
|
||
|
x 0
x 0 Alert Admin |
Semiconductor upcycle to continue, Frencken among top picksThe semiconductor upcycle will likely continue, with global powers fighting for chip dominance and independence, shortage of chips supply, as well as an increased demand for chips, says RHB Group Research Jarick Seet.Seet is maintaining " neutral" on the sector, with " buy" calls on top picks Frencken Group (target price $2.02), Fu Yu Corp (37 cents) and Venture Group ($20.70). About 29 new fabrication facilities (fabs) have been planned for construction in the next few years. This should ensure a high demand for equipment and will likely benefit the whole supply chain, says Seet in a July 28 note. China and Taiwan will lead the way in the new fabrication plant construction starts with eight each, followed by the Americas (six), Europe/Middle East (three), Japan and Korea (two each). Fifteen fabs that produce 300mm wafers will account for most of the new facilities that are planned to be constructed in 2021. There will be another seven fabrication facilities planned, to begin construction in 2022. The remaining seven fabs planned over the two-year period will be 100mm, 150mm and 200mm facilities. The 29 fabs should produce as many as 2.6m wafers/month (in 200mm equivalents), writes Seet. Strong equipment spending for semiconductor likely to continue. According to global industry association SEMI, equipment spending for the 29 fabs, of which 19 have already started construction and another 10 likely to break ground in 2022, should surpass US$140 billion over the next few years as the industry pushes to address the global chip shortage. Of the 29 fabs starting construction in 2021 and 2022, 15 are foundry facilities with capacities ranging 30,000-220,000 wafers/month. The memory sector will begin construction on four fabrication plants over a two-year period and boast higher capacities ranging 100,000-400,000 wafers/month. Seet highlights top pick Frencken, which continues to take in larger orders from the medical industry, on items related to imaging and other scanning-related equipment. " Its clients have also reduced their number of go-to parts manufacturers &mdash and are making bigger orders from their remaining suppliers. As such, the group is set to see a ramp-up in orders this year." Frencken remains bullish on the semiconductor segment too as all the industries that use its chips are expected to grow strongly in 2021. In 1QFY2021, the company' s semiconductor sales surged 58% y-o-y to $65.9 million. We expect its chip business to continue expanding robustly over the rest of the year. " Manufacturers under our coverage that we remain bullish are Fu Yu and Venture Corp due to their attractive yields and valuations. They are also beneficiaries of the diversification of supply chains out of China," adds Seet. As at 2.45pm, shares in Frencken are trading 1 cent lower, or 0.51% down, at $1.93. |
||
| Useful To Me Not Useful To Me | |||
|
Singpost
Master |
27-Jul-2021 14:28
|
||
|
x 0
x 0 Alert Admin |
look like picking up to $2 shorty ... lia liao ....
|
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
PhillipTan
Supreme |
14-Jul-2021 16:16
|
||
|
x 0
x 0 Alert Admin |
Frencken ' still a top sector pick' with semiconductor potentialLook forward to stronger 2QFY2021 numbers for technology solutions company Frencken Group and its semiconductor segment, says RHB Group Research analyst Jarick Seet. In a July 14 note, Seet is maintaining " buy&rdquo on Frencken Group, with a target price of $2.02, which represents a 12% upside. " We expect higher revenue contributions ahead from Frencken' s semiconductor segment. This lifts our FY2021F PATMI by 6% which, in turn, results in a higher target price that is pegged to 15.2x FY2021F price-to-earnings ratio (P/E). We remain confident that the company will enjoy an excellent FY2021F, as it should continue to be a major proxy to the growth of listed chipmakers in Singapore. 2QFY2021 may also bring a positive catalyst &mdash which should trigger a positive re-rating for the stock,&rdquo writes Seet. Frencken Group is a global integrated technology solutions company that serves world-class multinational companies in the automotive, healthcare, industrial, life sciences and semiconductor industries. The company' s automotive business, however, is set to soften slightly in 2HFY2021. The global automotive chip shortage was due to the lack of orders placed forward due to the downtown in the automotive sector in 2020, and chips were allocated to other sectors, as a result. According to Seet, Frencken is optimistic that this situation will be easily resolved, and the volume of orders will rebound on stronger demand. Meanwhile, the company' s medical and semiconductor segments are still enjoying strong growth. Frencken continues to take in larger orders from the medical industry, on items related to imaging and other scanning-related equipment. Its clients have also reduced their number of go-to parts manufacturers &mdash and are making bigger orders from their remaining suppliers. As such, Frencken is set to see a ramp-up in orders this year, writes Seet. Management remains bullish on the semiconductor segment too, as all industries that use its chips are expected to grow strongly in FY2021. In 1QFY2021, the company' s semiconductor sales surged by 58% y-o-y to S65.9 million. We expect its chip business to continue expanding robustly over the rest of the year. Previously, its key customer in the industrial automation segment delayed a new product launch due to supply chain issues. Growth will depend on its end-customer, which has just launched its new product. However, production of this new item has not been ramped up yet. Management is casually optimistic over this, but remains cognisant that this segment' s performance will significantly depend on its client' s own customers, and the end-users' reception to this product. Despite this, Frencken is still a top sector pick, says Seet. " Despite the delay in orders for its industrial automation segment, we believe FY2021 will be a strong year for Frencken, as both its semiconductor and medical divisions should boost profits.&rdquo " We believe there is also room for Frencken' s share price to grow, as its peers are trading at higher valuations. We are also confident over its long-term prospects and able management team,&rdquo says Seet. As at 3pm, shares in Frencken are trading 1 cent lower, or 0.56% down, at $1.79. |
||
| Useful To Me Not Useful To Me | |||
|
satruz
Master |
12-Jul-2021 16:30
|
||
|
x 0
x 0 Alert Admin |
wah, why this fella these few days no positive action..... really zzzzzzz | ||
| Useful To Me Not Useful To Me | |||
|
crouchingtiger
Member |
06-Jul-2021 22:30
|
||
|
x 0
x 0 Alert Admin |
Tomorrow will push towards $2. | ||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
PhillipTan
Supreme |
05-Jul-2021 12:00
|
||
|
x 0
x 0 Alert Admin |
Maybank KE positive on semicon manufacturing suppliers as Lam Research expands in AsiaMaybank Kim Eng is positive on a number of semiconductor manufacturing suppliers after attending Lam Research' s suppliers briefing, it said in a report released on July 2.Analysts Lai Gene Lih and Kevin Wong noted that the wafer fabrication equipment (WFE) manufacturer' s expansion in Asia and its push for localisation could create growth opportunities for its suppliers in the region. SEMI, formerly known as the Semiconductor Equipment and Materials International, expects 29 high volume fabs to break ground next year, of which 20 will be in Asia. As such, the analysts like that Lam Research " has made Malaysia a manufacturing centre of excellence" as its Batu Kawan plant in Penang began production in May this year. To support their growth in Asia, the analysts predict that UMS Holdings, Frencken Group and Venture Corporation are potential beneficiaries from this expansion as they already have a presence in WFE precision engineering or assembly. Furthermore, their strong track records serving blue-chip customers as well as their environmental, social and governance standards make these companies attractive suppliers for Lam Research, the analysts said. Maintaining " buy" on UMS, Venture and Frencken with target prices of S$1.80, S$22 and S$2 and price upsides of 21 per cent, 18 per cent and 10 per cent as per their Friday closing prices respectively, the analysts noted that partnering Lam Research could " help suppliers cushion negative cyclicality, depending on the timing and size of opportunity secured" . " As successful localisation appears a key priority for Lam to drive its Asia expansion, we believe this is just the beginning of Lam' s supply chain buildout in Malaysia and across this region," the analysts said. As for the firms cited, the analysts like UMS' s strong net margins of 20 to 30 per cent, which suggests its precision and engineering capabilities represent a robust value proposition to its customers. While UMS already serves Applied Materials, another WFE player, they are confident that the firm will be able to segregate its resources to prevent intellectual property leaks as cited by Lam Research. Similarly, the analysts noted that Frencken is also serving other WFE players and could potentially serve Lam Research as well. Its diversified revenue base and strong balance sheet suggest that it would be well-positioned to take advantage of any growth opportunities. Venture, with its strong capabilities in assembly, has also created value in life sciences and medical technology equipment. With its recent penetration into semiconductor equipment supply chains, the analysts are confident that the firm will be able to expand into the field, even if any near term positive impact would not be outsized. Shares of UMS traded down S$0.01 or 0.7 per cent at S$1.52, while Frencken was flat at S$1.84 as of 10.48am. At the same time, Venture traded up 0.5 per cent or S$0.10 to S$19.13. |
||
| Useful To Me Not Useful To Me | |||
|
investlin78
Senior |
03-Jul-2021 11:46
|
||
|
x 0
x 0 Alert Admin |
1.82 seems like a strong support level | ||
| Useful To Me Not Useful To Me | |||
|
coolbear123
Senior |
02-Jul-2021 12:31
|
||
|
x 0
x 0 Alert Admin |
Sell and short, first target 1.75 | ||
| Useful To Me Not Useful To Me | |||
|
Singpost
Master |
02-Jul-2021 09:32
|
||
|
x 0
x 0 Alert Admin |
Let this have som breather.... advise this to buy ums as more room to go up | ||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
crouchingtiger
Member |
02-Jul-2021 09:27
|
||
|
x 0
x 0 Alert Admin |
Hold on tight to your shares. $2 coming!... | ||
| Useful To Me Not Useful To Me | |||
|
coolbear123
Senior |
17-May-2021 09:45
|
||
|
x 0
x 0 Alert Admin |
Sell.. | ||
| Useful To Me Not Useful To Me | |||
|
Joelton
Supreme |
13-May-2021 11:46
|
||
|
x 0
x 0 Alert Admin |
Frencken Q1 net profit up 54.7% to S$14.7m
MAINBOARD-LISTED technology solutions provider Frencken Group on Wednesday posted a first-quarter net profit of S$14.7 million, up 54.7 per cent from S$9.5 million a year earlier, led by improved sales from its semiconductor segment.
The 19.9 per cent improvement in revenue to S$181.5 million from S$151.4 million year was driven by contributions from the core mechatronics division.
Sales from the mechatronics division jumped 21.6 per cent to S$154.1 million, thanks to a 58 per cent increase in sales from the semiconductor segment to S$65.9 million. The medical and analytical segments also recorded higher sales while the industrial automation segment sales eased slightly.
Meanwhile, the integrated manufacturing services made up S$27.3 million of total revenue, up 9.9 per cent year-on-year due to improved sales from the automotive segment. The consumer and industrial electronics segment, on the other hand, remained stable.
The group' s gross profit rose 32.6 per cent year-on-year to S$31.3 million in the first quarter while gross profit margin expanded 1.7 percentage points to 17.3 per cent from 15.6 per cent the previous year as a result of higher sales, shift in sales mix and higher operational efficiencies.
As at March 31, 2021, the group' s total assets stood at S$595 million including cash and cash equivalents of S$164.6 million. Total liabilities was S$244.4 million, consisting of S$70.9 million in total borrowings.
The group had shareholders' equity of S$348.0 million, which is equivalent to net asset value of 81.5 cents per share. It added that it remains in " sound financial position" with net cash of S$93.7 million.
" The operating landscape is expected to remain challenging and uncertain as new Covid-19 infections and variants will continue to weigh on the outlook of the global economy," said the group in its Q1 business update.
Still, Frencken is expecting its revenue for the half-year to improve due to higher sales from the majority of its key business segments, including semiconductor, medical, analytical, industrial automation and automotive.
|
||
| Useful To Me Not Useful To Me | |||
|
crouchingtiger
Member |
12-May-2021 14:29
|
||
|
x 0
x 0 Alert Admin |
JPM, OCBC and HSBC buying today. | ||
| Useful To Me Not Useful To Me | |||
|
lifeisgood
Supreme |
07-May-2021 18:27
|
||
|
x 0
x 0 Alert Admin |
I think the trio - AEM, Frencken and UMS all going downhill. Would be a while before we see trend reversal.
|
||
| Useful To Me Not Useful To Me | |||
|
star_ling00
Member |
07-May-2021 15:30
|
||
|
x 0
x 0 Alert Admin |
this one still got chance or not? looks so bearish now. | ||
| Useful To Me Not Useful To Me | |||
|
tcshares
Senior |
16-Apr-2021 11:16
|
||
|
x 0
x 0 Alert Admin |
another day...another rise maybe? :) | ||
| Useful To Me Not Useful To Me | |||
|
SgYuan
Supreme |
13-Apr-2021 21:10
|
||
|
x 0
x 0 Alert Admin |
w5 tgt 160
|
||
| Useful To Me Not Useful To Me | |||