Tech stocks to continue earnings uptrend

Among catalysts that will drive the sector for this year include 5G network deployment with the high adoption rates and stronger demand and supply for 5G devices, as well as growing sub-sectors such as automotive/electric vehicles, Internet of Things, artificial intelligence, medical/life science and the Industrial Revolution 4.0.

PETALING JAYA: The technology sector is expected to see a strong earnings growth for the next two years that will support its lofty valuation, according to Maybank IB Research.

In a report yesterday, the research house pointed out that the ‘rich valuations’ of the sector are backed by merits.