However, after the big fall on Tuesday and Wednesday in the tech stocks space, some in the investment community have begun asking if buying opportunities are emerging. “We have a buy recommendation on Inari Amertron Bhd (target price (TP) of RM3.65), Elsoft Research Bhd (TP of RM3.30), Malaysian Pacific Industries Bhd (TP of RM10.70) and a hold recommendation on Unisem (M) Bhd (TP of RM2.55),” TA’s analyst Wilson Loo says in the report. Dealers however have a different take on tech stocks saying that the macro outlook does not look too good and notes that any short term technical rebound could be vulnerable to further sell down. “Keep in mind that the tech stocks are now being affected by sentiment and there might be a rebound, but tech is coming off a very high base. “US President Donald Trump also continues to be carefree with his comments, not being prudent and US stock futures are down as of now – this will have an adverse impact on tech stocks.

Source: The Star April 06, 2018 20:03 UTC