KUALA LUMPUR (July 1): Malaysia, like most Asian markets, did not escape the stock equity rout in the first half of this year that was fuelled by the global tightening sparked by an aggressive US Federal Reserve, and the Ukraine-Russian war.
Frontken poised to record multi-year earnings growth thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
PETALING JAYA: Frontken Corp Bhd is expected to see a 22% lift in core net profit in its next financial year ending Dec 31, 2023, underpinned by the expansion of the group’s second Taiwan plant.
Frontken Corp Bhd’s Taiwan plant capacity expansion will drive the group’s future growth, according to Hong Leong Investment Bank (HLIB) Research. In a note on Tuesday (April 26), HLIB analyst Tan J Young said Frontken’s Plant 2 Phase 1 expansion is expected to be completed by the first half ending June 30, 2022 (1HFY22), slightly ahead of its initially scheduled 2HFY22.