0544 GMT - Investors seem concerned about the impact which U.S. tariffs could have on Frencken Group's earnings, CGS International's William Tng says in a research report. An estimated 9% of the technology solutions provider's products are exported to the U.S. from Singapore, though its customers are currently bearing the bulk of the tariffs where applicable, the analyst says. The Singapore-listed company's automotive segment could face more challenging conditions given the higher costs the industry has to bear amid the evolving tariff situation, the analyst says. Frencken Group's valuation could fall to one standard deviation below its average five-year price-to-earnings, the analyst adds. The brokerage lowers the stock's target price to S$1.15 from S$1.40 and maintains an add rating. Shares are 1.0% lower at S$1.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 23, 2025 01:44 ET (05:44 GMT)
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