Tech is hot again, according to CGS-CIMB

CGS-CIMB Research analyst William Tng says he is “positive” on the outlook for the tech sector in 2021.

This, he says, is due to the acceleration of digitalisation of many work processes during the Covid-19 pandemic, which has led to higher demand for IT-related infrastructure.

“At the same time, there is growing momentum in the pace of 5G deployment, and new use cases are being developed in relation to increased 5G deployment,” notes Tng in a sector note dated Jan 4.