0829 GMT - The Malaysian semiconductor sector's medium- to long-term prospects may remain optimistic amid the ongoing recovery in global demand, despite recent ringgit strength weighing on some stocks' near-term earnings, TA Securities analyst Chan Mun Chun says in a note. Expected protectionist policies under U.S. President-elect Donald Trump--such as intensifying export controls and raising tariffs on China's chip sector--could create trade diversion opportunities for Malaysia, he says. Malaysia's neutral political stance and strong semiconductor infrastructure could further enhance its appeal as an investment destination, he adds. TA Securities maintains an overweight rating on Malaysia's semiconductor sector, pegging Inari Amertron, Unisem $(M)$, Malaysian Pacific Industries and Elsoft Research as top picks. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
November 07, 2024 03:29 ET (08:29 GMT)
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