Semiconductor players set to see rebound this year

Kenanga Research is maintaining its “neutral” stance on the technology sector.

PETALING JAYA: Although global semiconductor sales have picked up in recent months, it will take time to be fully transmitted to local players that are mostly at the back end of the supply chain, according to Kenanga Research.

“We expect a slow start to the 2024 calendar year due to the seasonally slow first quarter 2024 (1Q24) on the heels of the year-end peak demand period for consumer electronics and vehicles in 4Q23, which has been slightly underwhelming given the weak global economy.