Frencken Group Limited (E28 – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst William Tng from CGS-CIMB reiterated a Buy rating on the stock and has a S$1.15 price target.
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William Tng has given his Buy rating due to a combination of factors including Frencken Group Limited’s stable revenue outlook and its strategic plans for expansion. Despite the potential challenges posed by tariffs, the company has maintained its revenue forecast for the first half of 2025, indicating confidence in its operational stability and customer demand.
Furthermore, Frencken’s investment in a new plant in Singapore to support its semiconductor segment suggests a commitment to future growth and adaptation to market needs. The company’s ability to pass on higher import costs to customers and the expansion of its US manufacturing capacity also contribute to its positive long-term prospects. These factors, combined with the potential for a faster recovery in its semiconductor business, underpin Tng’s optimistic outlook and Buy rating.
E28’s price has also changed moderately for the past six months – from S$1.230 to S$1.010, which is a -17.89% drop .