KUALA LUMPUR: CIMB Equities Research is maintaining its “neutral” call on the semiconductor industry as it believes the sector’s strong earnings growth outlook is already priced in.
It said the sector is trading at 15.8 times forecast calendar year 2018 price-to-earnings ratio, which is one standard deviation above its historical mean of 14 times.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
