UOB Kay Hian Research said share prices for EMS rose more than 50% since its report on March 24; less attractive risk-reward profile for now.
KUALA LUMPUR: UOB Kay Hian Malaysia Research has trimmed its technology sector earnings for FY2020 to 2021 by 2% to 7% to account for the extended movement control order (MCO).
“While short-term earnings disruption is inevitable, structural growth is inexorable, stemming from the ripening 5G commercialisation and trade diversion, ” it said in a report on Thursday.
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