Technology sector outlook seen mixed

UOB Kay Hian Research said the cloud, server and PC segments are seeing good demand while sales weakness is seen in the smartphone and automotive segments. The latter two segments would only have a recovery by next year, the brokerage said.

KUALA LUMPUR: The technology sector’s prospects are expected be mixed in the second half of this year as some segments would see good demand and selective opportunities while others expect sales weakness.

UOB Kay Hian Research said the cloud, server and PC segments are seeing good demand while sales weakness is seen in the smartphone and automotive segments. The latter two segments would only have a recovery by next year, the brokerage said.