KUALA LUMPUR (July 13): Hong Leong Investment Bank Bhd (HLIB) said today its top picks for the Malaysia technology sector are Frontken Corp Bhd and UWC Bhd as the research firm tactically position itself in favour of front-end over back-end players in the industry.

For strategic and security reasons, many heavy investments are earmarked for the front-end sub-sector, which will likely lead to robust capital expenditure in near to mid term, according to HLIB analyst Tan J Young.

More to come