Analysts from DBS Group Research and RHB Group have raised their target prices and continue to maintain their “buy” calls on Frencken Group.
DBS has given a target price of $2.65, up from $1.98, while RHB has raised its target price from $2.02 to $2.30.
In an Aug 13 report, DBS’ Ling Lee Keng said the group’s diversification provides “resilience and stability.” She notes that its portfolio offerings provide a stable source of earnings, strengthening its value proposition among peers.
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