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Positive outlook keeps Singapore’s tech manufacturing services sector ‘overweight’

Samantha Chiew
Samantha Chiew7/5/2017 3:49 PM GMT+08  • 3 min read
Positive outlook keeps Singapore’s tech manufacturing services sector ‘overweight’
SINGAPORE (July 5): CIMB is keeping its “overweight” rating on Singapore’s tech manufacturing services sector as it remains positive on most of the industry’s stocks under its coverage.
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SINGAPORE (July 5): CIMB is keeping its “overweight” rating on Singapore’s tech manufacturing services sector as it remains positive on most of the industry’s stocks under its coverage.

In a Wednesday report, analyst William Tng individually assesses selected stocks from the eight counters covered by CIMB, as he argues that they come from three diverse sub-industries within the sector: semiconductor, plastic injection moulding and printed circuit board (PCB) drilling space.

The research house’s top sector picks include AEM holdings, which has been rated “add” with a target price of $3.39 on the belief that the company’s patented test-handler products set its would-be competitors by about 2-3 years.

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