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Singapore tech stocks 'cheapest' in Asean region: DBS

Felicia Tan
Felicia Tan3/22/2021 4:49 PM GMT+08  • 3 min read
Singapore tech stocks 'cheapest' in Asean region: DBS
Amongst the Singapore counters, the team likes Venture Corp, Nanofilm, AEM, UMS and Frencken.
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Despite the technology sector being one of the worst performing sectors year-to-date (y-t-d), the team of analysts at DBS Group Research, Ling Lee Keng, Chung Wei Le, Toh Woo Kim and Phanthila Tharachatr view tailwinds remaining strong for the sector.

In a report dated March 19, the team writes that there is “ample room” for technology stocks to run as “we are still in the early days of economic recovery”.

“The stock market cycle is forward looking and tends to lead the economic cycle. Technology stocks typically outperform in the early stages of the bull market due to the lower interest rate environment, as we had seen last year,” it adds.

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