Analysts increase target prices on Frencken Group as semiconductor upcycle continues

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.