Lull's over: tech sector bounces back

Uncertainties remain in the economy but a more significant recovery is expected in 2HCY12.

OCBC Investment Research reports that latest industry data is optimistic, expecting a gradual improvement in industry conditions. The research firm names Valuetronics & Venture as preferred investment picks

Here's more from the OCBC Investment Research:

We believe that 1QCY12 could be a point of inflection for the tech sector. We are expecting a gradual improvement in industry conditions from 2QCY12, with a more significant recovery in 2HCY12. Latest industry data has provided optimism on the outlook of the tech sector, but we believe that pockets of uncertainty remain in the macro economy, while cost pressures could also pose a dampener to corporate growth. As such, we maintain NEUTRAL on the tech sector. We advocate investors to be selective on stocks within the sector. Besides Valuetronics Holdings[BUY; FV: S$0.31], we add Venture Corp [BUY; FV: S$9.41] to our preferred picks following our upgrade on 3 Apr 2012. Both companies are run by strong management teams, offer an attractive dividend yield, and are in a healthy financial position.

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