PETALING JAYA: UOB Kay Hian (UOBKH) Research is maintaining a positive outlook on the technology sector, backed by an improving earnings outlook in 2024.
According to the research house, the conditions for being more positive are ripe at reasonable prices, as recovery is expected after the 1.5 years of earnings compression cycle.
UOBKH Research foresees its consumer base-oriented electronics manufacturing services (cEMS) and industrial EMS (iEMS) registering recovery and witnessing a 7% and 60% earnings growth in 2024, respectively.
...