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Thursday, February 24, 2011

Buy ‘defensive’ Bursa stocks: UOB Kay Hian (BT)

Investors should buy “defensive” stocks with high dividend yields such as Malaysia’s DiGi.Com Bhd and PLUS Expressways Bhd to ride out the Middle East turmoil, according to UOB Kay Hian Holdings Ltd.

Commodity and energy-linked sectors such as palm oil and oil and gas companies are also “obvious beneficiaries” of higher crude oil prices while potential losers are AirAsia Bhd and Tenaga Nasional Bhd, Vincent Khoo, an analyst at UOB Kay Hian, wrote in a report today. - Bloomberg

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