Frencken's 2026 Earnings Could Grow Despite Soft 1H Outlook -- Market Talk

Dow Jones

05/22

0607 GMT - Frencken Group's 1H outlook appears soft, but revenue could strengthen in 2H and drive earnings growth in 2026, says UOB Kay Hian's John Cheong in a note. The Singapore-listed technology services provider's 1H revenue is likely to be largely stable on year, but earnings could be weighed by unfavorable foreign-exchange effects, among other reasons, the analyst says. However, stronger business momentum in 2H should still support profit growth for the full year, he adds. UOB KH raises its target price to S$3.30 from S$2.33. The new target is pegged at 29X its estimated 2027 price-to-earnings ratio, reflecting Frencken's manufacturing capabilities and the semiconductor cycle's recovery. The brokerage maintains its buy rating. Shares fall 1.3% to S$3.07.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

May 22, 2026 02:07 ET (06:07 GMT)

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The Singapore-listed technology services provider's 1H revenue is likely to be largely stable on year, but earnings could be weighed by unfavorable foreign-exchange effects, among other reasons, the analyst says. However, stronger business momentum in 2H should still support profit growth for the full year, he adds. UOB KH raises its target price to S$3.30 from S$2.33. The new target is pegged at 29X its estimated 2027 price-to-earnings ratio, reflecting Frencken's manufacturing capabilities and the semiconductor cycle's recovery. The brokerage maintains its buy rating. Shares fall 1.3% to S$3.07.(megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 22, 2026 02:07 ET (06:07 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Frencken's 2026 Earnings Could Grow Despite Soft 1H Outlook -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFrencken's 2026 Earnings Could Grow Despite Soft 1H Outlook -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-05-22 14:07</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0607 GMT - Frencken Group's 1H outlook appears soft, but revenue could strengthen in 2H and drive earnings growth in 2026, says UOB Kay Hian's John Cheong in a note. The Singapore-listed technology services provider's 1H revenue is likely to be largely stable on year, but earnings could be weighed by unfavorable foreign-exchange effects, among other reasons, the analyst says. However, stronger business momentum in 2H should still support profit growth for the full year, he adds. UOB KH raises its target price to S$3.30 from S$2.33. The new target is pegged at 29X its estimated 2027 price-to-earnings ratio, reflecting Frencken's manufacturing capabilities and the semiconductor cycle's recovery. The brokerage maintains its buy rating. Shares fall 1.3% to S$3.07.(megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 22, 2026 02:07 ET (06:07 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"E28.SI","symbol_name":"福根集團有限公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2637620393","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2637620393","pubTimestamp":1779430020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0607 GMT - Frencken Group's 1H outlook appears soft, but revenue could strengthen in 2H and drive earnings growth in 2026, says UOB Kay Hian's John Cheong in a note. The Singapore-listed technology services provider's 1H revenue is likely to be largely stable on year, but earnings could be weighed by unfavorable foreign-exchange effects, among other reasons, the analyst says. However, stronger business momentum in 2H should still support profit growth for the full year, he adds. UOB KH raises its target price to S$3.30 from S$2.33. The new target is pegged at 29X its estimated 2027 price-to-earnings ratio, reflecting Frencken's manufacturing capabilities and the semiconductor cycle's recovery. The brokerage maintains its buy rating. Shares fall 1.3% to S$3.07.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"E28.SI":"福根集团有限公司"},"translate_title":"尽管上半年前景疲软，Frencken 2026年盈利仍可能增长——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"E28.SI":1.5},"content_text":"0607 GMT - Frencken Group's 1H outlook appears soft, but revenue could strengthen in 2H and drive earnings growth in 2026, says UOB Kay Hian's John Cheong in a note. The Singapore-listed technology services provider's 1H revenue is likely to be largely stable on year, but earnings could be weighed by unfavorable foreign-exchange effects, among other reasons, the analyst says. However, stronger business momentum in 2H should still support profit growth for the full year, he adds. UOB KH raises its target price to S$3.30 from S$2.33. The new target is pegged at 29X its estimated 2027 price-to-earnings ratio, reflecting Frencken's manufacturing capabilities and the semiconductor cycle's recovery. The brokerage maintains its buy rating. Shares fall 1.3% to S$3.07.(megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 22, 2026 02:07 ET (06:07 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}