Cheong has a “buy” call on Valuetronics (SGX:BN2
) and Aztech, and “sell” ratings on AEM Holdings (SGX:AWX) , Nanofilm and UMS Holdings (SGX:558) .
UOB Kay Hian (UOBKH) analyst John Cheong has upgraded his call on the technology manufacturing sector to “overweight”, and has named Frencken Group (SGX:E28) and Venture Corp as his top picks given their positive outlook for sequential earnings growth.
However, the analyst says that it is “crucial to be selective” of the tech manufacturing stock picks, as many under his coverage have reported weaker-than-expected 1H2024 earnings due to weaker customer demand and slow ramp up of new plants.
