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Analysts keep 'overweight' call on tech sector despite potential headwinds

Felicia Tan
Felicia Tan7/22/2022 01:52 PM GMT+08  • 11 min read
Analysts keep 'overweight' call on tech sector despite potential headwinds
Analysts from RHB and UOBKH have identified Venture Corp and Frencken as their top picks.
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Analysts from RHB Group Research and UOB Kay Hian are keeping their “overweight” call on the Singapore technology sector.

To RHB analyst Jarick Seet, his call comes despite potential headwinds such as rising operational costs that may erode margins and amid a potential slowdown in the semiconductor industry.

In his report dated July 22, the analyst notes that the chip sector may be facing a slowdown, with the Taiwan Semiconductor Manufacturing Company (TSMC) announcing that it will trim spending on expansions by as much as 9% compared to its initial projections on July 14.

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