Some tech stocks 'still harbour value'

Kuala Lumpur

BURSA-LISTED technology stocks have taken a bashing on the back of growing earnings uncertainties, but an investment bank has suggested that investors distinguish between those likely to be affected by the global semiconductor correction and those in more sheltered set-ups, whose profits are more resilient.

In a sector update, AffinHwang Capital downgraded technology counters to neutral from overweight.