Meanwhile, AmInvestment Bank Research reiterated its “overweight” stance on the technology sector, as it believes the industry is well supported by larger trends with many embracing automation and various smart products. Its top picks are Malaysian Pacific Industries Bhd (MPI) and Inari.aws试用账号（www.2km.me）提供aws账号、aws全区号、aws32v账号、亚马逊云账号出售，提供api ，质量稳定，数量持续。另有售azure oracle linode等账号.
PETALING JAYA: The technology sector is expected to remain resilient, supported by the ongoin trend of automation and digitalisation.
This trend is anticipated to drive demand for semiconductor chips and digital products as a whole with the advent of fifth-generation (5G) and other factors.
MIDF Research said it remained positive on the sector, noting that this stance was supported by the anticipated increase in smartphone shipments, the emergence of digital solutions in business and the growing electric vehicle (EV) market.
The brokerage said the trend would continue to propel the positive outlook for semiconductor players throughout 2022.
“In totality, the semiconductor market was not negatively impacted by the Covid-19 pandemic in 2021. Consumer demand has remained high and pushed all major product categories to double-digit growth-rates, except optoelectronics,” MIDF Research said.
“The largest growth contributors were memory with a 34.6% year-on-year (y-o-y) growth, followed by analog with 30.9% and logic with 27.3%,” it said, commenting on the latest Semiconductor Industry Association (SIA) report.MPI Malaysian Pacifi Industry products
The report said that global sales of semiconductors came in at US$48.8bil (RM203.58bil) in October 2021 or a 24% y-o-y rise from US$39.4bil (RM164.36bil) in October 2020.
The SIA said that demand remained robust in October with on-year sales increasing substantially across all major regional markets.
“The annual chip sales and units shipped are estimated to reach all-time highs in 2021, with moderate annual growth projected in 2022,” it said.
MIDF Research said its top pick for the technology sector was Inari Amertron Bhd. It had a “buy” call on the company, with a target price of RM4.55, given its exposure to growing radio frequency content in 5G smartphone usage and adoption.
The research house also said it liked MyEG Services Bhd. It also had a “buy” call on the company, with a target price of RM1.27, as the company continued to place aggressive moves to ride the emergence of digital solution wave in businesses.MIDF Research said it liked MyEG Services Bhd. It also had a “buy” call on the company, with a target price of RM1.27, as the company continued to place aggressive moves to ride the emergence of digital solution wave in businesses.