Shares & Derivatives
The recovery in the tech sector seems real but visbility remains poor…….how do you get exposure to this sector and manage the risks?
By Kevin Scully-Financial Blog  •  July 20, 2009
[caption id="attachment_2995" align="alignright" width="150" caption="Photo by Matthew Clark Photography"]Photo by Matthew Clark Photography[/caption] The recovery in the tech sector in terms of demand seems to be real and is more than just inventory restocking. This has been confirmed by global companies such as Seagate and more recently Intel. But you shouldnt just go out and buy any tech stock for exposure. A number of listed tech companies in Singapore are in financial difficulty because of receivable problems, ie their receivable days have been growing and if they have large exposure to a single client they may be facing solvency issues such as Westech and Memory Devices. The first stage of the tech recovery seems to be in the consumables space, ie equipment companies because of the surplus capacity are still not seeing a turn yet. So how do we get exposure to tech and still be able to sleep at night ?.......Broadway Industrial and Ellipsiz are in my portfolio.....you can also consider AVI Tech (see below) Read more...
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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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