Stock Analysis: Frencken Group | Lianhe Zaobao

Frencken Group recommends buying, with a target price of 1.80 yuan and a closing price of 1.47 yuan. The company's net profit for the first nine months of this year was 29.8 million yuan, a year-on-year increase of 9%. The performance improvement is due to a 13% increase in revenue and stable net profit margins. Revenue grew by 7% in the third quarter, driven by the semiconductor, medical, and industrial automation businesses. The semiconductor business was affected by ASML order adjustments, but the company is confident in its long-term growth prospects and is prepared to seize the development trends in the chip industry. The Asian electromechanical integration business will expand its market share