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THE FINANCE GHOST: Local is lekker in the tech space

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The sector has burnt investors this year, but there are attractive prospects for those prepared to look at Sandton and Cape Town rather than San Diego and Cupertino, writes FinanceGhost.

The technology sector was the market darling during the pandemic, but it has inflicted a lot of pain on investors in 2022.

Even the generals have been shot in this skirmish: Amazon , Microsoft and Apple are all dealing with the challenge of low earning yields at a time when the risk-free yield is rising. Even the best companies in the world need to offer an equity risk premium, so yields must go up and that means prices come down, especially when earnings are under pressure...

 

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