KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
AFFIN HWANG: Buy on weakness; INARI - country's top pick for 2016 Inari’s share-price correction fully reflects a weak 3QFY16E, in our view. However, earnings should recover in 4QFY16E in tandem with a new product launch and, as such, we leave our EPS forecasts intact. Meanwhile, 2QFY16 earnings, due on 23 February, are likely to come within our expectations. Reaffirm BUY. A country top pick for 2016. 2QFY16 results scheduled for 23 February; we expect no surprises Inari is scheduled to release its 2QFY16 results on the evening of 23 February. Negative surprises are unlikely despite the seasonally weaker quarter and also the slowdown in demand by a major smartphone manufacturer from December 2015. We anticipate a flattish set of earnings in 2QFY16E (1QFY16 core profit of RM42m). Meanwhile, any positive surprises will likely arise from the favourable strengthening of the US$ vis-à-vis the RM. We note that during the final quarter of 2015, the RM had depreciated some 5%...