0513 GMT - Frencken Group's valuation gap versus its peers looks attractive, Maybank Research's Jarick Seet says in a research report. The stock is trading at a large discount to its local peers at 14.5x 2025 price-to-earnings compared with 21x for UMS Integration and 23x for AEM Holdings, the analyst notes. The Trump administration is also looking to roll back several Biden-era curbs on semiconductor exports to China, which would benefit Frencken and its key customers. Maybank raises the stock's target price to S$1.75 from S$1.34 to reflect a higher blended 16x 2025-2026 price-to-earnings versus 13x previously, with an unchanged buy rating. Shares are 6.2% higher at S$1.54. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 21, 2025 01:13 ET (05:13 GMT)
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