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Positive prospects in 2024

UOB Kay Hian Research (UOBKH) remains positive on the technology sector and hopeful the signs of recovery will be backed by imminent growth in 2024.

Malaysia , Petaling , Malaysia-general- , Bursa-malaysia-technology-index-bm-tech , Kay-hian-research , Hian-research , Bursa-malaysia-technology-index , Corporate-news , Malaysiatechrecovery , Bmtechindex , 2024growth

Bright prospect for Malaysia tech sector

The outlook for the local tech sector is turning brighter following the materialisation of the de-rating led by US interest rate hikes, appealing valuations after rounds of selldowns as a consequence of the de-rating, as well as the tapering off of Federal Reserve hawkishness and China’s “zero-Covid” stringency, says UOB Kay Hian Research.

China , Malaysia , Petaling , Malaysia-general- , Desmond-chong , Mohd-fakhrul-ashraq , Opcom-holdings-bhd , Coraza-integrated-technology-bhd , Bursa-malaysia-technology-index-bm-tech , International-data-corp , Federal-reserve , Greatech-technology-bhd