Kenanga Research tech analyst Samuel Tan's top pick for the sector is Malaysian Pacific Industries Bhd for its balanced exposure of 30% in smartphones and 33% in automotive and the fact that the firm is the richest in the tech sector with RM800mil in net cash to weather through the turbulent period.
PETALING JAYA: Technology-related stocks have exerted their resilience during a time when stock markets continue to be highly volatile amidst the economic uncertainties due to the coronavirus (Covid-19).
Bursa Malaysia’s benchmark FBM KLCI was hammered to its 11-year low of 1,219.72 points on March 19, triggered by the oil price war between Saudia Arabia and Russia.
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