Worst could be over for semiconductor players after dismal H1

SINGAPORE-LISTED tech companies, comprising mainly semiconductor manufacturers, have seen their net profits decline in the first half of this year.

However, analysts see some light at the end of the tunnel.

In a recent strategy note, CGS-CIMB analyst William Tng noted that the Singapore tech sector saw net profit fall by 39.4 per cent year on year and 36.3 per cent half on half (hoh) for the first half of this year.