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Tech manufacturing sector to improve in 2H22, AEM top pick: CGS-CIMB

Lim Hui Jie
Lim Hui Jie8/4/2022 02:27 PM GMT+08  • 4 min read
Tech manufacturing sector to improve in 2H22, AEM top pick: CGS-CIMB
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CGS-CIMB Research analyst William Tng has maintained his “overweight” call on the tech manufacturing sector, handing “add” calls to all the companies under the brokerage’s coverage.

The companies are AEM, Grand Venture Technology and Venture Corp, which are given target prices of $6.85, $1.29 and $23.32 respectively by Tng.

In his report on July 29, the analyst expects most companies under CGS-CIMB’s coverage to report y-o-y revenue and net profit growth for their 2QFY2022 or 1HFY2022.

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