Home Capital Broker's Calls

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.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.