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FAANGM sector trading at ‘attractive valuations’ despite selloff: PhillipCap

Lim Hui Jie
Lim Hui Jie5/13/2022 02:07 PM GMT+08  • 6 min read
FAANGM sector trading at ‘attractive valuations’ despite selloff: PhillipCap
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PhillipCapital has maintained its “overweight” call on the FAANGM sector even as the group of six companies saw a selloff that was worse than the Nasdaq and S&P500 indices.

FAANGM refers to the companies of Facebook, Apple, Amazon, Netflix, Google and Microsoft, although Facebook is now known as Meta, and Google now trades under parent company Alphabet.

Analyst Jonathan Woo highlights that the FAANGM grouping declined 14.9% in April, worse than Nasdaq’s drop of 13.4% and the S&P 500 drop of 8.8%.

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