Frencken Upgraded to Buy as Analyst Raises Target Price to S$3.25 on Semiconductor Rebound and FY27 Growth Outlook
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Frencken Group Limited received a Buy rating from analyst William Tng of CGS International, who raised the target price to S$3.25 due to expected semiconductor business recovery and FY27 growth. Despite a weaker first quarter, management anticipates stronger sales in the second half of FY26, with revenue projected to reach S$1bn in FY27. DBS also maintains a Buy rating with a S$3.76 target.
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