Taiwan facility to galvanise Frontken earnings

KUALA LUMPUR: Frontken Corp Bhd's purchase of its new Taiwanese facility could potentially double its output in the country in the long-term, leading to bright earnings growth prospects for the group.

Maybank Investment Bank Research, which has a "buy" call on Frontken with a target price of RM3.90, said it is upbeat on the group's outlook given its resilient job order flows and expansion in Taiwan.