0358 GMT - Frencken Group's earnings are likely benefiting from robust growth in its semiconductor segment, OCBC Investment Research's Donavan Tan says, citing its 7% and 14% increase in revenue and profit after tax and minority interests, respectively, in 2024. As its customers shift toward Asia, the technology solutions company's margins will probably improve, thanks to lower operating costs and reduced idle capacity at their factories. OCBC raises the stock's fair value estimate to S$1.44 from S$1.42, with an unchanged buy rating. Shares are 2.8% lower at S$1.04. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 03, 2025 22:58 ET (03:58 GMT)
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