In a Monday report, Maybank analyst Lai Gene Lih highlights Hi-P International as the most vulnerable to the US-China trade war and macro uncertainties, due to pricing pressures and exposure to highly cyclical end-markets.
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.
