Earnings uptick forecast for H2

RHB Research said the market is “aggressively pricing in high growth prospects for 2024 and potential new customer wins”.

PETALING JAYA: Technology sector earnings may have bottomed out, according to analysts, who forecast a pick-up in performance in the second half of 2023 (2H23).

The fact that global chip sales have increased month-on-month for the fifth consecutive month in July has further reaffirmed the technology sector’s improving outlook.