KUALA LUMPUR: With recent quarterly earnings coming in below estimates, Maybank Investment Bank research has maintained its earnings outlook on Frontken Corp Bhd on its view that the current valuations have largely priced in near-term upsides in the semiconductor segment.
"Our FY21-22E earnings are intact – primarily underpinned by the continuation of favourable earnings growth of the semiconductor segment which would partly offset the softer O&G segment," it said in a note.
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