Driven by its strong semiconductor division, Frencken Group is gaining momentum while remaining stable with diverse operations, say analysts. 

“We like Frencken for its diversified portfolio of product offerings, which provides a stable source of earnings, strengthening its value proposition among peers. Share price has rebounded approximately 30% from the low in March to reach a high of $1.60 in April, outperforming the FTSE ST Technology Index (+10%) during the same period,” writes DBS Group Research analyst Ling Lee Keng in a May 14 note. 

Ling is maintaining ‘buy’ on the company with a raised target price of $1.98 from $1.55, which represents a 39% upside. 

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