PETALING JAYA: Analysts are largely indifferent about the immediate prospects for the technology industry, as corporate earnings remain lacklustre while some believe corporate recovery will be gradual.
CGS International Research (CGSI Research) said the aggregate core net profit of the Malaysian semiconductor companies under its coverage fell by 11% year-on-year to RM266mil in the quarter ended December 2023, with four out of seven companies missing its expectations.
“Companies that generally saw better performances were related to supply chain exposure to China handsets, Chinese electric vehicles (EVs) and niche industries such as the medical sector,” it said.
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