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Asia tech giants see silver lining despite rocky year of job cuts, falling stocks and losses
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Some of the better outperformers in the recent earnings season were home-grown firm Sea, Grab and Chinese Internet company Baidu.
ST PHOTO: KUA CHEE SIONG
SINGAPORE - The clouds may be clearing for Asia’s technology giants after a tumultuous year of massive job cuts and plummeting share prices.
Most have reported third-quarter earnings that beat or were in line with expectations, an indication that reining in costs may be starting to pay off, said analysts, although they also warned there are more twists and turns ahead.
