UOB Kay Hian Overweight On Tech
Desmond Chong, Senior Analyst, UOB Kayhian Securities Malaysia
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The KL Technology Index has retreated by 32% on a year-to-date basis, with the sector weighed down by rising interest rates, recession concerns and ongoing US-China tensions. Is the worst over for the sector, given signs of peak inflation and easing of Covid-19 policies in China? Desmond Chong of UOB Kay Hian gives us his outlook for the Malaysian tech sector.
Image credit: Shutterstock
Produced by: Chong Tjen San
Presented by: Shazana Mokhtar, Wong Shou Ning, Philip See
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Categories: technology, markets, international
Tags: malaysian tech sector, 2023 outlook,