Analysts not yet ready to short tech's circuit

Singapore

THE growing integration of technology into everyday objects and manufacturers' diversification beyond mobile phones are keeping analysts bullish about the fundamentals for Singapore's tech manufacturers.

Shares of Singapore-listed tech manufacturers have been on a long roll since the start of the year. An analysis by the Singapore Exchange showed that the share prices of the 10 largest information technology stocks by market capitalisation almost doubled - an average price increase of 95 per cent, to be precise - over the first 10 months of 2017.