Maybank Kim Eng’s Lai Gene Lih is optimistic about Singapore’s tech manufacturing sector despite the global chip shortage. 

Lai maintains his “positive” rating on the sector, saying that he prefers companies with wafer front end (WFE) exposure, as these are beneficiaries of current chip shortages.

He sees “immaterial impact” on companies in their coverage (which includes Venture Corp and Valuetronics), barring material extension/ incremental restrictions of the tightened MCO in Malaysia. 
Lai highlights that “positive read-across from Applied Materials infers demand sustainability for this semicon equipment spending cycle.”

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