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Home / Capital / Brokers Calls

Why Frencken remains a 'buy' when industrial automation segment stays muted: RHB

Broker's Calls

Why Frencken remains a 'buy' when industrial automation segment stays muted: RHB

Jeffrey Tan Published on Thu, Oct 15, 2020 / 11:44 AM GMT+8

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While Frencken Group’s industrial automation division is likely to stay muted this year, RHB Securities believes investors should continue to pick up the stock.

This is because the company’s semiconductor division is expected to see strong double-digit growth this year.

And by next year, the brokerage reckons that both its divisions should drive earnings upwards.