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“The acquisition target has a margin similar to Frontken, and would offer a potential base in the US,” NewParadigm said. “This is the most advanced deal, we infer, with potential to close in 2026 and contribute to earnings.”
Frontken Corporation Bhd (KL:FRONTKN) is in talks for three potential acquisitions as the semiconductor support services firm heads for record profits, analysts flagged on Monday.
One of the deals involve a US-based company that supplies a product needed for dry clean processes in the semiconductor sector, with estimated acquisition value in “hundreds of millions of ringgit,” NewParadigm Securities said and kept its “buy” call on Frontken following a post-earnings briefing.
