Core business
Mechatronic Division
Frencken designs and manufactures high precision and complex systems for renowned global Original Equipment Manufacturers in the healthcare, analytical & life sciences, semiconductor and industrial automation markets
IMS Division
Frencken offers integrated contract design and manufacturing services to the automotive and consumer & industrial electronics segments
Business Segment
For 1H2020 performance
Revenue dropped 9.6percents and profit dropped 6.1%.
Automation segment dropped 34.1% due to lower shipments on the storage drive equipment to a key multinational customer.
Automotive markets were affected by measures implemented by the respective
governments to contain the spread of Covid-19 and an overall slowdown in end-user demand
Business Outlook
Management team believed that 2H20 semicon, medical , automation and automotive segment revenue will be better than 1H20.
PRO:
1) I've audited this company in year 2018, my impression for this company in bangi is good. Well manage and systematic.
2) eco-PVD method is good but not sure how many customer will look for this.
3) Business diversify is good , at least will not get serious impact if one of the sector in down turn.
Cons
1) In machining field, the price is competitive and supplier will reduce the price in order to get the business.
2) IMS business it keeps going downward. Even though the profit is up but the revenue is going down hill.
Financial performance
Issued Shares - 424,922,409
Net Profit - 18,641,000
EPS - 0.043 - for (1H20)
CAGR Profit (2013 - 2020) - 5.63 %
Current price - 0.945
Intrinsic - 1.057
MOS - 10.59
GDP scoring - 75
PRC scoring - 75
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