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Bro, use another thread which say " New phases new horizons, aim $3 by 2022" .
This one is aim $1. Cannot make it.
This one is aim $1. Cannot make it.
CGS-CIMB raises target price for Frencken ahead of H1 results
CGS-CIMB is raising its target price for mainboard-listed technology solutions provider Frencken Group to S$2.34, up 25.1 per cent from S$1.87 previously, on the back of strong demand from the semiconductor industry.The research house is keeping its " add" recommendation on the counter.
The higher target price comes ahead of Frencken' s H1 results, which is expected to be released on Aug 12.
In a report on Wednesday, analyst William Tng said the research house is " incorporating higher semicon sales contribution to Frencken' s group revenue" and raising its revenue forecast for FY2021 to FY2023 by between 3.8 and 4.5 per cent.
" With better economies of scale, we also project some margin improvements," he said.
Mr Tng noted that, from FY2018 to FY2020, the first-half typically accounted for an average of 40 per cent of the group' s full-year core net profit, with the bulk of core earnings coming in the second half.
" (However), given the strong performance of the semiconductor industry, we think FY2021 could possibly see a departure from the historical norm, with a 50:50 core net profit split between H1 and H2 2021," he said.
" (The Semiconductor Industry Association) also expects the demand for semiconductors to continue to rise substantially in the long term, as the world continues using chips to become smarter, greener, more productive and better connected," Mr Tng added.
Shares of Frencken are trading 14.1 per cent or S$0.27 higher at S$2.18 as at 1.56pm.
Frencken siao liao! Fly all the way to MARS!
Wow... 2.20...today buying v fierce ...non stop buying...should be BBs got big orders...
Contratrader ( Date: 05-Aug-2021 11:11) Posted:
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frencken 1h
w3 207 px punch up 219 up 261.8%
powerful
w3 207 px punch up 219 up 261.8%
powerful
It' s a rocket!!!!!
can chase after AEM
bishan22 ( Date: 05-Aug-2021 12:37) Posted:
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Use the other thread with title : New phases new horizons, aim $3 by 2022
sjtrader ( Date: 05-Aug-2021 12:28) Posted:
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Seow liao... To the moon...
Yes. How to update?
daffytlh ( Date: 05-Aug-2021 12:21) Posted:
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Title outdated liao..Can someone update title ..to maybe $3?
yes indeed.. its has transformed itself into a semi conductor mini giant. the topic title needs a change.. target $4..
sjtrader ( Date: 05-Aug-2021 11:39) Posted:
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This one should be the leader, not the other way around.
ysh2006 ( Date: 05-Aug-2021 11:15) Posted:
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next to move should be innotek...always move together with frencken
Going to announce results on 12/8...also yesterday CIMB reiterate ADD. higher TP 2.34
ysh2006 ( Date: 05-Aug-2021 11:15) Posted:
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All-time hegh now..
So, no resistance. Enjoy the RIDE!
So, no resistance. Enjoy the RIDE!
pcxiao2008 ( Date: 05-Aug-2021 11:11) Posted:
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Why go up is it because UMS up too ?...
Contratrader ( Date: 05-Aug-2021 11:11) Posted:
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Nice ..209/210...super rally today..
power....can go on to 2.2 before results..
sjtrader ( Date: 05-Aug-2021 11:10) Posted:
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Huat Ah!
So quiet here..Very nice!
So quiet here..Very nice!