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‘The gift that keeps on giving’: Morgan Stanley likes the memory sector and picks its top stocks

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Morgan Stanley reveals its 'top picks' and 'preferred plays' in the memory chip sector.

The tech theme has been reigning supreme this year and one segment in particular stands out to Morgan Stanley: the memory sector. Calling it "the gift that keeps on giving," the investment bank notes that the sector's "pricing power is now among the best in tech, and still in early recovery stage." "We expect a significant margin recovery with supply discipline maintained," Morgan Stanley's analysts led by Shawn Kim wrote in a Nov. 2 note.

Even so, Morgan Stanley says that the recovery in the memory sector is just starting and is still "front-running a lot of good things that are supposed to happen much later." Top pick and buy-rated stocks The optimistic outlook for the memory sector spells good news for a raft of stocks in Asia.

 

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