Earnings of M'sian tech firms boosted by weaker ringgit

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.