We are positive on the Malaysian technology sector’s prospects. Homegrown companies have been raising their capabilities and diversity in product and service offerings in the past few years. These companies will ride on the upcoming trends: a) proliferation of laser light applications, b) popularisation of industrial automation and Industry 4.0, c) evolution of the automobile sector, and d) other promising trends such as rising demand for radio frequency products, iris scanners and data centrerelated components. Maintain OVERWEIGHT.

Source: UOB Kay Hian Research - 17 Aug 2017