Khazanah: Tech sector ‘appears stretched’

Khazanah Nasional Bhd, the government investment arm which had in the past made a killing from an early investment in Chinese e-commerce giant Alibaba, says the tech sector “appears stretched”.

That the tech sector’s valuations are overheated is not new. A number of parties have expressed such a view although there are parties who argue that this tech rally is not the same as the dotcom bubble of the past and therefore current valuations can be justified.