0817 GMT - The Malaysian semiconductor sector is likely to continue a gradual earnings recovery driven by an expected rebound global demand, TA Securities analyst Chan Mun Chun writes in a note. Most local tech companies are likely to report a forex recovery in the upcoming quarter, attributed to the recent weakening of the ringgit against the dollar, the analyst notes. However, the analyst adds that any further protectionist policies introduced by U.S. President-elect Trump could create additional trade diversion opportunities for Malaysia under the "China Plus One" strategy. TA Securities maintains an overweight stance on Malaysia's semiconductor sector and reiterates its buy ratings for Inari Amertron, Unisem $(MIMI)$, Malaysian Pacific Industries and Elsoft Research.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
December 09, 2024 03:17 ET (08:17 GMT)
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