In his report dated Feb 2, Lai notes that stocks in the brokerage’s coverage on the sector have declined from 2-20% year-to-date (y-t-d).
Maybank Securities analyst Lai Gene Lih is keeping his “positive” recommendation on the Singapore technology sector despite a sector sell-off amid rate-hike fears.
Amid that, Lai says he perceives Singapore tech stocks to “have short duration, due to strong current earnings growth and cashflows.”
