PETALING JAYA: Coraza Integrated Technology Bhd’s wholly-owned subsidiary, Coraza Systems Malaysia Sdn Bhd, is acquiring 8,538 sq m of freehold industrial land with offices and factories in Nibong Tebal, Penang, from Huhtamaki Foodservice Malaysia Sdn Bhd for RM17.69mil.
KUALA LUMPUR: Coraza Integrated Technology Bhd's wholly-owned subsidiary Coraza Systems Malaysia Sdn Bhd is acquiring a 8,538sqm parcel of freehold industrial land with offices and factories in Nibong Tebal, Pulau Pinang, from Huhtamaki Foodservice Malaysia Sdn Bhd for RM17.69mil.
KUALA LUMPUR (Jan 16): RHB Investmet Bank Research has maintained its “neutral” rating on the technology sector and said it believe the semiconductor market will remain in the doldrums in 1H2023, as inventory correction takes place amid demand uncertainty. In a note on Monday (Jan 16), the research house said non-semiconductor counters should see relatively brighter prospects given the domestic-focused business and full reopening of borders.
The outlook for the local tech sector is turning brighter following the materialisation of the de-rating led by US interest rate hikes, appealing valuations after rounds of selldowns as a consequence of the de-rating, as well as the tapering off of Federal Reserve hawkishness and China’s “zero-Covid” stringency, says UOB Kay Hian Research.
KUALA LUMPUR: RHB Investment Bank Research has downgraded the technology sector to “neutral” from overweight, after factoring in the semiconductor sector’s weakening demand, which is likely to persist, notwithstanding the gains from the strengthening US dollar, and growth in certain sub-segments.