Home Capital Broker's Calls

This undervalued tech stock is steadily growing its margins

Michelle Zhu
Michelle Zhu8/16/2017 12:03 PM GMT+08  • 2 min read
This undervalued tech stock is steadily growing its margins
SINGAPORE (Aug 16): KGI Securities is reiterating its “buy” recommendation on Frencken Group, formerly known as ElectroTech Investments, while raising its target price estimate to 72 cents from 63 cents previously.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Aug 16): KGI Securities is reiterating its “buy” recommendation on Frencken Group, formerly known as ElectroTech Investments, while raising its target price estimate to 72 cents from 63 cents previously.

Frencken, a provider of capital and consumer equipment services, recently saw its 2Q net profit grow 62% y-o-y to $6.6 million.

This was mainly driven by a jump in sales from its semiconductor business segment and improving gross margins on better capacity utilisation, as well as a shift of its business to its higher-margin mechatronics division, recalls analyst Joel Ng in a report issued on Tuesday.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now