More upside projected

Meanwhile, AmInvestment Bank Research reiterated its “overweight” stance on the technology sector, as it believes the industry is well supported by larger trends with many embracing automation and various smart products. Its top picks are Malaysian Pacific Industries Bhd (MPI) and Inari.

PETALING JAYA: The technology sector is expected to remain resilient, supported by the ongoin trend of automation and digitalisation.

This trend is anticipated to drive demand for semiconductor chips and digital products as a whole with the advent of fifth-generation (5G) and other factors.