RHB maintains Overweight on Technology sector, top picks Prestariang and Inari

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KUALA LUMPUR (March 13): RHB Research has maintained its “Overweight” rating on the technology sector and said it expects the continued weakness in the ringgit to US dollar rate to support sentiment in the near term.

In a note today, the research house said that over the medium term, it remains positive on the global sales of smart devices on cheaper price points and the introduction of new flagship models.

“Our Top Buys are Prestariang Bhd and Inari Amertron Bhd,” it said.