Technology

In the June tech sector report, we have made changes to our key picks since we last updated them in late April, with Infomedia and PWR Group replacing Appen (APX) and Catapult Group (CAT), given the downgrade in recommendation for both to HOLD.

Our updated key picks in the tech sector post last month’s reporting season and the recent sell-off in the market are Appen (APX), Uniti Group (UWL) and Citadel Group (CGL).

We continue to be positive on the technology sector in Australia. In an environment of low interest rates and low growth, we believe there are a number of good quality stocks in the sector with reasonable to strong growth outlooks.