Malaysian tech sector earnings surge 206% in Q2 on semiconductor upcycle
RHB Research reports that aggregate core earnings for 12 Malaysian technology companies under its coverage jumped 206% quarter-on-quarter to RM154.5 million in Q2, driven by a semiconductor upcycle. Despite this, earnings remain lower year-on-year due to weakness in the EMS segment, though the research house maintains an 'overweight' call on the sector.