Equity Analysis /
Singapore

SG : Frencken Group Ltd - Overcoming short-term challenges

    William Tng
    William Tng

    Small Caps Analyst

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    CGS-CIMB
    5 July 2022
    Published byCGS-CIMB

    Frencken’s margin profile could improve in 2H22F as new orders reflect the current cost environment and the company’s efforts to reduce costs bear fruit. We think there remains opportunities for Frencken to increase its wallet share with customers in its semicon business segment. Reiterate Add with a slightly lower TP on margin adjustments.