Frontken

Frontken

Postby winston » Fri Aug 25, 2017 8:52 am

not vested

Trading Buy: FRONTKEN - 0128
(Last price: RM0.340, Potential upside +25.0%)

Company Profile
• Frontken is a leading service provider of surface engineering in the Asia Pacific region, serving customers from the oil & gas, power generation, petrochemical and semiconductor industries.

Trading Catalyst

For 1H17, revenue increased by 13.1% yoy, while earnings advanced more than doubled with the help of strong gains in semiconductor division from Taiwan and Singapore.

To recap, Frontken has increased its stake in AGTC from 73.2% to 84.6% for a sum of RM14m in June, which may lead to higher revenue contribution towards Frontken for the semiconductor business in the future.

Technical View
Resistance: RM0.375 / RM0.400 / RM0.425
Support: RM0.335 / RM0.330
Cut loss: RM0.320

Key Financial Stats
1HFY17 EPS: 1.03 sen (+186% yoy)
Dividend: 0.5sen per share.

Source: Bloomberg, HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Posts: 100418
Joined: Wed May 07, 2008 9:28 am

Re: Frontken

Postby winston » Tue Feb 13, 2018 8:47 am

not vested

Trading Buy: FRONTKN - 0128
(Last price: RM0.405, Potential upside +23.5%)

Company Profile
• It is a leading provider of surface metamorphosis and mechanical engineering solutions, serving a diversified industries including semiconductor (foundries), TFT-LCD, hard disk, manufacturing, oil and gas (O&G), power generation, renewable energy, marine etc.

Trading Catalyst

• Serving diversified industries from semiconductor (foundries), TFT-LCD, hard disk, manufacturing, oil and gas (O&G), power generation, renewable energy, marine, etc… in Malaysia and regional markets.

• The group has switched from heavily focused O&G related services to higher margin semiconductor services.

• Growth drivers are coming from its top foundry customers in Taiwan and potential new foray into China markets.

• Uptrend channel intact with low downside risks amid undemanding valuation and favourable prospects.

Technical View
• Resistance: RM0.435 / RM0.470 / RM0.500
• Support: RM0.395 / RM0.370
• Cut loss: RM0.365

Key Financial Stats
• Trading at 12.3x FY18 P/E (ex-cash 8.5x)

Source: Bloomberg, HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 100418
Joined: Wed May 07, 2008 9:28 am

Re: Frontken

Postby winston » Mon Jun 11, 2018 2:01 pm

not vested

Trading Buy: FRONTKN-0128
(Last price: RM0.410, Potential upside +22.0%)

Company Profile
• Frontken is a leading provider of surface metamorphosis and mechanical engineering solutions, serving diversified industries including semiconductors & electronics manufacturing, O&G, power generation, petrochemicals and marine sectors.

Trading Catalyst
• At RM0.41, Frontken is trading at 10.3x FY18 P/E (against 5-year average of 20x). Excluding its net cash with RM96m or 9.1 sen per share, valuation is even more compelling at 8x P/E.
• Downside risk is limited, as sentiment is boosted by recent USD strength (vs RM), cheap valuation and company‘s recently approved share buy-back exercises.
• Potential triangle breakout with upside targets at RM0.435-0.50.

Technical View
• Resistance: RM0.435 / RM0.455 / RM0.500
• Support: RM0.390 / RM0.380
• Cut loss: RM0.370

Key Financial Stats
• Trading at 10.3x FY18E (Ex-cash of RM0.09, P/E is even more compelling at 8x).

Source: HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 100418
Joined: Wed May 07, 2008 9:28 am


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