PETALING JAYA: The local technology sector index has fallen 32% year-to-date, with most stocks under the coverage of UOB Kay Hian Private Ltd (UOBKH) now trading below -1.0 standard deviation (SD) to their seven-year forward price earnings mean.
The sector’s risks are still unfolding due to the fallout from the artificial intelligence diffusion framework and Liberation Day saga, fuelled by concerns over waning end-demand, delayed capital expenditure and intensifying margin pressure.
