---
title: "Frencken Upgraded to Buy as Analyst Raises Target Price to S$3.25 on Semiconductor Rebound and FY27 Growth Outlook"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287114443.md"
description: "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."
datetime: "2026-05-20T18:35:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287114443.md)
  - [en](https://longbridge.com/en/news/287114443.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287114443.md)
---

# Frencken Upgraded to Buy as Analyst Raises Target Price to S$3.25 on Semiconductor Rebound and FY27 Growth Outlook

Frencken Group Limited, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst William Tng from CGS International maintained a Buy rating on the stock and has a S$3.25 price target.

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William Tng has given his Buy rating due to a combination of factors, including an anticipated rebound in Frencken’s semiconductor business and improving profitability from its Asian operations. Despite a softer first quarter, management maintains that the second half of FY26 should see stronger sales and earnings, underpinned by ongoing semiconductor programs and preparations for order recovery in Europe.

Tng also highlights management’s confidence that revenue could reach around S$1bn in FY27, which supports a higher earnings trajectory through FY28. Reflecting this growth outlook and the company’s inclusion in Singapore’s Equity Market Development Programme, he applies a higher valuation multiple, resulting in a raised target price of S$3.25 and justifying the upgrade from Hold to Buy.

According to TipRanks, Tng is a 5-star analyst with an average return of 25.9% and a 74.63% success rate. Tng covers the Technology sector, focusing on stocks such as AEM Holdings Ltd., UMS Integration, and Aztech Global Ltd..

In another report released today, DBS also maintained a Buy rating on the stock with a S$3.76 price target.

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