Malaysia Technology Stocks: Be Selective

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We expect local tech companies, particularly those with high sales exposure to US smartphone brands, to deliver strong report cards from 2Q17 onwards. This could include upstream testing equipment players such as MMSV and Elsoft in 2Q17, followed by OSAT vendors from 2H17. However, given the sharp share price run-up within the sector, we advocate investors stick to companies with multi-year

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