KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
http://money-made-ez.blogspot.my/2016/01/stock-pick-uchi-technologies-bhd.html Maintain Neutral, Inari and Scicom remain top pick Sector earnings momentum remains positive both on a yoy and qoq basis. Earnings growth, however, continues to be underpinned by a weaker currency rather than operational factors. Concerns over an inventory imbalance and the possible strengthening of the RM are also valid. We maintain our Neutral stance and are selectively positive on stocks that can offer real growth. For sector exposure we like Inari and Scicom. 2015 broadly in line with expectations Calendarised 2015 core earnings for the technology sector jumped 54% yoy underpinned by both revenue growth and margin expansion. The strong earnings growth was nevertheless aided by the average 19% depreciation of the RM vis-à-vis the US$ during the year. Intuitively, judging by the revenue growth of 15% yoy in RM terms, impact from organic growth was largely muted. Thi...