map.

Robotsaham Jstock Codings and Tutorials

ONLINE coaching - Group Premium Student Mahersaham

Over bought for almost 1 years.See Its on theRm 2.4-2.70 range.

Is it time to buy Inari Amerton? Find out more here:

https://www.mrinvestor12.com/2018/05/is-it-time-to-buy-inari-amerton-bhd-0166.html

Thesis intact after QR released today. INARI 3 quarters of lower profits and lower revenue YoY. Even if you love this stock, it can longer sustain a growth stock PER (22x is high to me); it will definitely be discounted as a value play and growth investors will flock to competitors. Ignored the TA for the last few days but QR now confirmed it. Sell. 

Inari: 2Q net profit down 19.7%, declares 1.5sen dividend. Inari Amertron 2Q net profit fell 19.71% to RM55.09m from RM68.61m a year ago, mainly due to lower revenue volume and changes in product mix. EPS for the 2QFY19 dropped to 1.73sen from 2.23sen previously. Revenue fell 20.17% to RM300.15m, from RM375.96m in the previous corresponding quarter. (The Edge)

Weaker 2FY19 normalised earnings. Inari Amertron Bhd’s (Inari) normalised earnings reduced to RM56.7m (-28.6%yoy). This was mainly attributable to lower production volume and changes in product mix. Note that there is lower volume loading on a major sensor product. This lead to lower cumulative 1HFY19 normalised earnings of RM107.9m (-28.6%yoy). All in, the group’s 1HFY19 financial performance trailed behind ours and consensus expectations, accounting for 41.4% and 44.7% of full year FY19 earnings forecasts.

Dividend. Inari announced lower 2QFY19 dividend of 1.5sen (2QFY18: 2.5sen), in-line with the lower earnings recorded during the quarter. This translates to a dividend payout of 86.7% in comparison with 112.1% in 1QFY18. Cumulative 1HFY19 dividend amounted to 3.1sen as compared to 1FHY18 dividend of 4.8sen.

Impact on earnings. We are reducing FY19 and FY20 earnings forecasts lower to RM194.1m and RM218.9m to be on the conservative end after adjusting downward the contribution primarily from the RF segment.

Target Price. We are revising our target price to RM1.41 (previously RM1.79). This is premised on FY20 EPS of 6.7sen pegged to unchanged forward PER of 21x. Our target PER is based on its five year historical high rolling PER.

Maintain NEUTRAL. The group is facing challenges in the demand of its RF product mainly due to the lower demand of its major customer product. In the near term, we expect the challenges will not alleviate anytime soon as we view that the demand of the flagship smartphone of the group’s customer to remain weak. Fortunately, the optoelectronic segment shows resilience.

We downgrade our recommendation on Inari Amertron (Inari) to HOLD from BUY and trim our FY19F-FY21F forecasts by 5.1%–8.3% due to lower contribution from the radio frequency (RF) segment and the removal of the iris scanner from a South Korean flagship model. Our fair value is reduced to RM1.65/share (previously RM1.90/share), pegged to an unchanged CY19F FD PE of 20x, in line with its 3-year average. Inari's 1HFY19 core net profit of RM118mil (-15.3% YoY) came in below our expectation, accounting for 45% of our full-year forecast and 49% of consensus estimates.

2QFY19 earnings of RM58.1mil represents a 3.3% dip QoQ and a 16.4% decline YoY. This is broadly expected following weak smartphone sales figure during the Christmas season, specifically the US flagship devices. The recent launch of new South Korean flagship devices also confirmed the removal of the iris scanner in favour of a higher screen-to-body ratio. While the iris platform was reconfigured to produce a health sensor and facial recognition modules, it was not sufficient to cushion the decline in overall orders. With regards to Inari’s new product — fine-pitch LED (<2mm pixel pitch) used for billboards — the ramp-up from its pilot stage did not take off as quickly as expected. This has left a void, mainly caused by the fall in smartphone sales.

Inari’s new 640K sq ft factory in Batu Kawan is said to cater for additional jobs from its German optoelectronics customer, as well as potential new jobs from prospective customers. However, management is still unable to disclose any details, hence we have not factored any earnings contribution from its Batu Kawan facility into our profit forecasts. We continue to like Inari for its: 1) RF, which benefits from the transition to 5G and rising content per device; 2) laser devices, which are boosted by increasing biometric and augmented reality (AR) applications in smartphones; and 3) LED, which rides on the increasing demand for highresolution billboards in shopping malls. However, we remain cautious in the immediate term as the fight in 5G between the US and China may potentially delay commercial roll-out of 5G connectivity.

Day 30 of Fundamental Daily, YAPSS will be covering Inari Amertron Berhad's fundamental via a short animated video. I hope it helps and please enjoy the video, see ya! #FundamentalDaily #InariAmertronBerhad

Click the on the link to find out more: https://youtu.be/QnLuBu6jrA8

Can anyone explain whether this is another irrational sell off that open us for big buy? Since news said chip producers' counters like Inari had a big drop caused by US restriction to provide production to Huawei, but that's for US companies restriction. Why shouldn't chips producer stocks in Malaysia jump gap up instead? Because Huawei will surely search for alternative production provider elsewhere like in Malaysia. Could it just because Malaysia investors just irrationally follow US market and reacted without brain?

But anyway the latest develoment is that the restriction has flip flop changed by Trump, delay for 90 days.. would Huawei look toward Malaysia Inari for supply for anything restricted in US... ?

https://www.theedgemarkets.com/article/mpi-inari-shares-fall-after-google-suspends-business-huawei

https://www.theedgemarkets.com/article/mpi-inari-shares-fall-after-google-suspends-business-huawei