0244 GMT - Frencken Group is likely to gain from the China+1 strategy and the expected semiconductor uplift in 2H next year, Maybank Research analyst Jarick Seet writes in a note. The integrated technology solutions provider is doing more new product introductions with its key semiconductor customers, he says. Frencken will also benefit from a key semiconductor customer shifting production to Southeast Asia from Europe, he adds. Manufacturers in Southeast Asia could also gain from President-elect Trump's proposed tariffs of at least 60% on goods from China, he says. Maybank maintains the stock's buy rating and target price of S$1.50. Shares are down 0.85% at S$1.16.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
December 15, 2024 21:44 ET (02:44 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。