Singapore technology

Can these Singapore tech stocks survive escalating US-China trade tensions?

SINGAPORE (June 12): Maybank Kim Eng Research is maintaining its “neutral” rating on the Singapore technology sector, amid risks that arise from escalating trade tensions between US and China.

“The escalation of the US-China trade war has clouded the earnings outlook for the Singapore technology universe,” says analyst Lai Gene Lih in a report on June 10.

Venture Corporation is now Maybank’s preferred pick in the sector.

The brokerage is upgrading Venture Corp to “buy” from “hold” previously, and keeping its target price unchanged at $19.74.

Venture Corp the safest bet amid tech sector volatility, says Maybank

SINGAPORE (Jan 8): Maybank Kim Eng remains “neutral” on Singapore’s technology sector while lowering its target prices across the relevant stocks under its coverage.

This comes after the research house cut its earnings forecasts to factor in heightened macro uncertainties, as well as higher cost of equity due to increased volatility within the sector.

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