PETALING JAYA: Technology companies are likely to see slower sales growth for FY20 and FY21 as a result of the extension of the movement control order until April 28, according to UOB Kay Hian.
However, the sector’s long-term growth remains intact, stemming from 5G commercialisation, trade diversion and continuous job wins from renowned multinational company (MNC) customers.
The research house noted that tech companies under its coverage have received approval from the authorities to run operations at a maximum 50% of workforce, subject to full compliance at all times.
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