Technology sector downgraded to ‘neutral’ on dim second-half outlook

TheStar Wed, Jul 03, 2019 09:30am - 4 years View Original


“While the timeline for commercial deployment of 5G is facing uncertainties due to the US-China dispute, we still see Inari Amertron Bhd as the potential beneficiary when smartphones transition to 5G on a larger scale," AmInvestment  Bank Research said.

“While the timeline for commercial deployment of 5G is facing uncertainties due to the US-China dispute, we still see Inari Amertron Bhd as the potential beneficiary when smartphones transition to 5G on a larger scale," AmInvestment Bank Research said.

PETALING JAYA: The technology sector has been downgraded to “neutral” from “overweight” in view of a series of setbacks, mainly arising from the US-China trade tensions.

AmInvestment Bank Research said the recovery anticipated in the second half of the year was now unlikely to happen.

This, it said, was following what was supposed to be the “final trade talk” on May 10, 2019, taking a turn for the worse, resulting in further tariff hikes and the unexpected trade ban on China’s Huawei.

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