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JPMorgan Sees Asia Tech Stocks Doubling as Virus Alters Online Habits

  • Some tech shares offer 15% to 25% annualized return: Davids
  • TSMC and Samsung Electronics are among overweight positions

JPMorgan Asset Management is betting that some Asian technology shares could double in value in three to five years as the global pandemic makes working and playing online a force of habit.

“We are still finding most of these tech names to be offering 15% and 25% annualized expected return on a five-year view,” said Mark Davids, co-manager of the JPMorgan Asia Growth Fund. The technology “trends that existed prior to the coronavirus have been accelerated,” he added.