Improved earnings outlook for technology sector in 2024 on high orders


UOBKH Research foresees consumer based-oriented electronics manufacturing services and industrial EMS witnessing 7% and 60% earnings growth in 2024, respectively.

PETALING JAYA: UOB Kay Hian (UOBKH) Research is maintaining a positive outlook on the technology sector, backed by an improving earnings outlook in 2024.

According to the research house, the conditions for being more positive are ripe at reasonable prices, as recovery is expected after the 1.5 years of earnings compression cycle.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Trading ideas: Sunway, IJM, Binastra, Capital A, Elridge, Oxford Innotech, Steel Hawk, Carimin, SMRT, Reneuco, Suria, KIP REIT, Pantech
Wall Street jumps on Greenland framework deal
Wasco to gain from transition to renewables
CPO prices to stay range-bound in February
Stiff competition to reshape auto landscape
Maybank’s sustained returns growth ambition
Steel Hawk unit secures Sabah contract
Oxford Innotech wins RM4.8mil data centre job
MAG makes new executive leadership appointments
KIP-REIT expects higher traffic at its malls

Others Also Read