KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
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...