Technology industry to see better gains in 2H24

Kenanga Research has upgraded its recommendation on the technology sector to an “overweight’’ from “neutral’’ as it believes the sector is turning the corner.

PETALING JAYA: A firmer recovery is expected for the technology sector in the second half of this year (2H24) and this bodes well for the players.

Players themselves have guided for a stronger outlook ahead and this is consistent with Kenanga Research’s views. Its top picks for the sector include Kelington Group Bhd (KGB), Inari Amertron Bhd and LGMS Bhd.