KUALA LUMPUR: TA Securities anticipates that the semiconductor sector in Malaysia will see a gradual improvement in sentiment, backed by a projected global demand recovery and expanding trade diversions from the China Plus One strategy.
The research house has maintained its 'overweight' stance on the technology sector.
“Within our universe, we maintain ‘buy’ on Inari (TP: RM3.55) and Elsoft (TP: RM0.59).
“For MPI, we have cut our FY24/FY25/FY26 earnings forecast by 3.4%/18.7%/23.9%, respectively, after taking into account the potential slowdown in the sales of electric passenger vehicles in China.
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