RHB maintains 'overweight' on tech sector, top pick Inari, MPI

KUALA LUMPUR: Inari Amertron Bhd and Malaysian Pacific Industries Bhd (MPI) are RHB Research’s top pick for the technology sector.

“While we expected value stocks to take the front seat in 2022 amid an economic recovery and rotational plays in a rising rate environment and persistently high inflation, the steep de-rating of growth (technology) stocks to a level unseen since 2019 was a surprise – since sector fundamentals remain sound.