$Frencken(E28.SG)$ 0546 GMT - Frencken Group's revenue is se...

$Frencken(E28.SG)$ 0546 GMT - Frencken Group's revenue is set to be stronger in 1H 2022 than in 2H 2021, says Maybank Research, citing management's expectations from improving supply-side dynamics and a robust demand outlook. The company has secured its first radar antenna program using its proprietary plastic metallization process, and expects its automotive segment to benefit from more programs in the future, driven by vehicle-to-everything trends, the brokerage notes. The components manufacturer's revenue and geographical diversity offers earnings resilience through economic cycles. The brokerage maintains the stock's buy rating, but trims the target price to S$2.47 from S$2.50 to reflect higher costs. Shares are 0.6% higher at S$1.63. (ronnie.harui@wsj.com)