Tech firms likely to see slower sales growth


The sector’s long-term growth remains intact, stemming from 5G commercialisation, trade diversion and continuous job wins from renowned multinational company (MNC) customers.

PETALING JAYA: Technology companies are likely to see slower sales growth for FY20 and FY21 as a result of the extension of the movement control order until April 28, according to UOB Kay Hian Malaysia Research.

However, the sector’s long-term growth remains intact, stemming from 5G commercialisation, trade diversion and continuous job wins from renowned multinational company (MNC) customers.

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