Earnings of M'sian tech firms boosted by weaker ringgit
Profits surge 54% year-on-year; 2016 likely to be more challenging, says AffinHwang Capital
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Kuala Lumpur
Malaysia's technology companies saw positive earnings growth last year, both on an annual and quarterly basis, but for most, the expansion was underpinned by a weaker ringgit rather than operational factors.
Given concerns of an inventory imbalance in sectors such as automotive, industrial and PC segments, plus forecasts for a stronger ringgit, the current year is likely to be more challenging, AffinHwang Capital said in a sector earnings round-up on Thursday.
