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Frencken Group Limited (SG:E28)
SGX:E28
Frencken Group Limited (E28) Share Forecast & Price Target
14 Followers
See the Price Targets and Ratings of:
E28 Analyst Ratings
Moderate Buy
1 Buy
0 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
E28 Stock 12 Month Forecast
Average Price Target
S$1.74
▲(20.00% Upside)
| Highest Price TargetS$1.74 | Average Price TargetS$1.74 | Lowest Price TargetS$1.74 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
DBS
S$1.60
Buy
10.34%
Upside
Upgraded
01/02/24
We expect the net margin to see a further improvement, after reaching a trough of 3% in 1Q23. Frencken is also well positioned to ride on the recovery path for the technology sector, especially with c.40% exposure to the semiconductor segment.
CGS-CIMB
S$1.37
Buy
-5.52%
Downside
Reiterated
11/23/23
We reiterate our Add call on Frencken as it seems to be seeing the early stages of recovery among its semicon customers, in our view, leading to a potential resumption in double-digit core EPS growth in FY24-25F. Our TP is unchanged at S$1.37, based on 12.2x, its 5-year (FY19-23F) average). Given the better-than-expected 3Q23 net profit due to stronger gross and net profit margins, we raise our gross profit margin assumption for FY23F by 0.03% pt, leading to a 6.9% increase in our FY23F EPS forecast. Our FY24-25F forecasts are unchanged. Potential re-rating catalysts: a less severe slowdown in its semicon business segment, better cost controls, and greater concessions from customers on cost pass-throughs. Downside risks: further cost escalations affecting its net profit negatively, and further weakening in demand for its semicon business segment.
Maybank
S$1.27
Buy
-12.41%
Downside
Reiterated
09/13/23
We think Frencken’s performance likely bottomed in 1Q23 in line with management guiding for higher semi-con revenue in 2H23, signalling the worst is possibly over. We are now more confident of a stronger FY24E, and maintain BUY with a higher TP of SGD1.27 (+31%), based on 11x from 9x FY24E PE. We also raise FY24E PATMI by 8.5% on better margins due to higher operating leverage and better utilisation across SEA factories. Semi-con bottomed for Frencken Management concurs that the worst is likely over and it expects higher semi-con revenue for 2H23E than 1H23E. This is vital as semi-con contribution is crucial to its financial performance. We believe its key customers have seen their inventory levels dwindle at a faster rate than expected, leading them to raise their orders.
Best Analysts Covering Frencken Group Limited
Which Analyst Should I Follow If I Want to Buy SG:E28 and Sell After:
1 Month
3 Months
1 Year
Success Rate
6/6 ratings generated profit
Average Return
+53.12%
reiterated a buy rating 8 months ago
Copying Jarick Seet's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +53.12% per trade.
2 Years
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
E28 Analyst Recommendation Trends
Rating
Sep 23
Oct 23
Nov 23
Jan 24
Feb 24
Strong Buy
0
0
0
0
0
Buy
7
6
6
6
6
Hold
6
2
1
0
0
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
13
8
7
6
6
Each month's total comprises the sum of three months' worth of ratings.
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E28 Financial Forecast
E28 Stock Forecast FAQ
What is SG:E28’s average 12-month price target, according to analysts?
Based on analyst ratings, Frencken Group Limited’s 12-month average price target is S$1.74.
What is SG:E28’s upside potential, based on the analysts’ average price target?
Frencken Group Limited has 20.00% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is Frencken Group Limited a Buy, Sell or Hold?
Frencken Group Limited has a conensus rating of Moderate Buy, which is based on 1 buy ratings, 0 hold ratings and 0 sell ratings.
What is Frencken Group Limited’s share price target?
The average share price target for Frencken Group Limited is S$1.74. This is based on 1 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst share price target is S$1.74 ,and the lowest forecast is S$1.74. The average share price target represents 20.00% Increase from the current price of S$1.45.
The highest analyst share price target is S$1.74 ,and the lowest forecast is S$1.74. The average share price target represents 20.00% Increase from the current price of S$1.45.
What do analysts say about Frencken Group Limited?
Frencken Group Limited’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 1 Wall Streets Analysts.
How can I buy shares of Frencken Group Limited?
To buy shares of SG:E28, you can open a brokerage account. See exclusive account opening deals on our Best Online Brokers page.