Technology : RHB Research upgrades Technology sector to 'Overweight'; Inari and Datasonic are 'Top Buys'
KUALA LUMPUR (Dec 5): RHB Research has upgraded the Technology sector to "Overweight" following the recent selldown in the local equity market.
In a note Friday, the research house said the upgrade was underpinned by its view that global sales of smart devices would continue its positive momentum on cheaper price points.
“The introduction of more affordable wearable devices and the launch of Windows 10 could spark further re-rating into 2015.
“Our Top Buys are Inari Ametron Bhd and Datasonic Group Bhd,” it said.
At 10.45am, Inari rose 1.19% or 3 sen to RM2.56 while Datasonic added 0.96% or one sen to RM1.05.
http://www.theedgemarkets.com
KUALA LUMPUR (Dec 5): RHB Research has upgraded the Technology sector to "Overweight" following the recent selldown in the local equity market.
In a note Friday, the research house said the upgrade was underpinned by its view that global sales of smart devices would continue its positive momentum on cheaper price points.
“The introduction of more affordable wearable devices and the launch of Windows 10 could spark further re-rating into 2015.
“Our Top Buys are Inari Ametron Bhd and Datasonic Group Bhd,” it said.
At 10.45am, Inari rose 1.19% or 3 sen to RM2.56 while Datasonic added 0.96% or one sen to RM1.05.
http://www.theedgemarkets.com
