0320 GMT - Frencken Group's appears to have a positive outlook, primarily due to its key semiconductor segment, say CGS International analyst William Tng in a note. The segment drove the integrated technology solutions company's 2024 revenue growth, on improving demand from its key customers, Tng writes. Management expects higher 1H 2025 revenue from the segment, Tng notes. The company is also considering enhancing and expanding its production resources in Singapore, signaling its confidence in the long-term business prospects with its customers and continued development of the country's semiconductor industry. CGS International raises the stock's target price to S$1.40 from S$1.38, while reiterating an add rating. Shares are at S$1.06.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
March 04, 2025 22:20 ET (03:20 GMT)
Copyright (c) 2025 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。