Technology stocks are deemed to be highly cyclical. SGX quoted the reason of an increased global demand for electronic products and services in recent years has coincided with expansion and new entrants within the Technology Sector. This adds to competition within the sector that has the economic impact of weighing both prices and margins.
The US announced in May 2018 that it would impose tariffs on industrially significant technology. And the local bourse noted that trading of electronic products and services has been pressured by the US-China trade disputes.
Coming May 2019, it is crucial to have a conclusive trade deal agreement between US and China. If this happens, it will definitely boost our local economy including technology stocks sectors. If not, we may expect a hit in technology stocks which will be affected by the US tariff.
SGX Screened List of Technology Stocks
Here is the technology stocks update in April 2019. The below SGX stock screener list is sorted with PE Ratio in an ascending order.
|Company Trading Name||Code||Mkt Cap ($M)||Tot. Rev ($M)||P/E||Yield (%)|
Source: SGX.com (Dated 26 Apr 2019)
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