Brokers' take

Frencken Group | Add (initiated) April 17 close: S$0.655 Target price: S$0.90 CGS-CIMB, April 16

Frencken is a manufacturing solutions provider with a global presence and two key divisions - mechatronics and integrated manufacturing services (IMS).

We believe Frencken's estimated FY2019 earnings will be driven by the industrial automation segment, which is part of the mechatronics division. We project 24 per cent year-on-year (yoy) revenue growth for this segment in FY2019.