PETALING JAYA: As macroeconomic headwinds intensify heading into the second half of 2025 (2H25), analysts are adopting a more cautious stance on the technology sector, citing downside risks to earnings revisions.
Hong Leong Investment Bank (HLIB) Research, which is maintaining its Neutral rating on the tech sector, points to three major headwinds underpinning this outlook.
Firstly, visibility on end-demand remains limited due to unresolved US tariff policies and the earlier boost from demand pull-ins is expected to fade as channel inventories become fully stocked.
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