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$Frencken (E28.SG)$ Maybank downgraded it to hold and reduce...
$Frencken (E28.SG)$
Maybank downgraded it to hold and reduced tp from 1.80 to 1.05.
Tech stocks globally are still undergoing a de-rating and with a potential recession looming, they are mindful demand might suddenly taper off unexpectedly. As a result, they cut their FY22-23E earnings by 2-14% to factor in slower growth across certain segments and reduce their target multiple from 14x to 8.5x and downgrade Frencken from BUY to HOLD with a lower tp of 1.05 due to the muted macro outlook.
$IFAST (AIY.SG)$ $AEM SGD (AWX.SG)$
Maybank downgraded it to hold and reduced tp from 1.80 to 1.05.
Tech stocks globally are still undergoing a de-rating and with a potential recession looming, they are mindful demand might suddenly taper off unexpectedly. As a result, they cut their FY22-23E earnings by 2-14% to factor in slower growth across certain segments and reduce their target multiple from 14x to 8.5x and downgrade Frencken from BUY to HOLD with a lower tp of 1.05 due to the muted macro outlook.
$IFAST (AIY.SG)$ $AEM SGD (AWX.SG)$
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102935673 : How low is it going to fall![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
bullrider_21 OP 102935673 : Support around 0.90. But will fall further in the future.
102935673 : Will there be none![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
, so should we stop loss now?
New bird bullrider_21 OP : Any possible rebound in short term?
bullrider_21 OP 102935673 : Maybe sell when it rises a bit. The decision is yours.
bullrider_21 OP New bird : Yes I think there will be a rebound. Then it will fall further.
102935673 bullrider_21 OP : Thank you
bullrider_21 OP 102935673 : You are welcome.