Frencken Group Likely to Ride on Lithography Industry's Organic Growth -- Market Talk

Dow Jones

07/14

0104 GMT - Frencken Group is likely to ride on the lithography industry's organic growth, Phillip Securities Research's Yik Ban Chong says in commentary. The company appears to be key supplier of components in most-advanced lithography machines used to produce 2nm-chips by its Netherlands-based customer, the analyst notes. Frencken's new products are turning into mass production and clients are moving production to Asia, while investments in new capacity have been made. The Singapore-listed company's front-end suite of products is expanding into components for deposition, etch and strip processes. The brokerage initiates coverage of the stock with a buy rating and a target price of S$1.76. Shares are 0.8% higher at S$1.32. (ronnie.harui@wsj.com)

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July 13, 2025 21:04 ET (01:04 GMT)

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The company appears to be key supplier of components in most-advanced lithography machines used to produce 2nm-chips by its Netherlands-based customer, the analyst notes. Frencken's new products are turning into mass production and clients are moving production to Asia, while investments in new capacity have been made. The Singapore-listed company's front-end suite of products is expanding into components for deposition, etch and strip processes. The brokerage initiates coverage of the stock with a buy rating and a target price of S$1.76. Shares are 0.8% higher at S$1.32. 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The company appears to be key supplier of components in most-advanced lithography machines used to produce 2nm-chips by its Netherlands-based customer, the analyst notes. Frencken's new products are turning into mass production and clients are moving production to Asia, while investments in new capacity have been made. The Singapore-listed company's front-end suite of products is expanding into components for deposition, etch and strip processes. The brokerage initiates coverage of the stock with a buy rating and a target price of S$1.76. Shares are 0.8% higher at S$1.32. 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The company appears to be key supplier of components in most-advanced lithography machines used to produce 2nm-chips by its Netherlands-based customer, the analyst notes. Frencken's new products are turning into mass production and clients are moving production to Asia, while investments in new capacity have been made. The Singapore-listed company's front-end suite of products is expanding into components for deposition, etch and strip processes. The brokerage initiates coverage of the stock with a buy rating and a target price of S$1.76. Shares are 0.8% higher at S$1.32. 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