Frencken shares fall 15.5% after Q1 earnings dive
[SINGAPORE] Shares of Frencken fell by as much as 15.5 per cent or S$0.47 to S$2.57 shortly after market open at 9.30 am on Tuesday (May 19).
By that time, nearly 3.4 million shares changed hands.
Frencken’s shares are currently trading under a circuit breaker on the Singapore Exchange. A circuit breaker – which is imposed when a stock’s price moves beyond a pre-specificed percentage threshold – temporarily restricts trading to facilitate more measured market movement.
This came after the release of its first-quarter business update on Tuesday, where it posted a net profit of S$8 million for Q1 2026, down 20.2 per cent from S$10 million in the year-ago period.
This was mainly due to lower revenue contributions from the semiconductor and analytical life sciences segments of Mechatronics Europe, the technology solutions provider said.
For the quarter, revenue fell 6.4 per cent to S$202 million from S$215.8 million.
This was primarily driven by a 7.7 per cent year-on-year decrease in Mechatronics Division revenue to S$180.4 million, which was partially cushioned by robust front-end and back-end sales growth from key semiconductor equipment customers in Asia.
Meanwhile, the APS Division’s revenue grew 4.3 per cent to S$20.5 million, lifted by higher sales to automotive customers.
The group on Tuesday said it anticipates improving momentum for the rest of the year.
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