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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.