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Market Date: 25 Mar 2019

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Trade Value (RM)
VWAP (RM)
4 Weeks Range
4 Weeks Change (%)
Avg Volume (4 Weeks)
1 Year Range
1 Year Change (%)
Avg Volume (1 Year)

Market Capital (RM)
Number of Share
EPS (cent)
P/E Ratio
ROE (%)
Dividend (cent)
Dividend Yield (%)
Dividend Policy (%)
NTA (RM)
Par Value (RM)

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.


DateFinancial
Year
No. Financial
Quarter
Revenue
(RM,000)
PBT (RM,000)Net Profit
(RM,000)
EPS (Cent)Dividend
(Cent)
NTA
(RM)
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Report
21 Feb 201930 Jun 2019231 Dec 2018300,14759,47655,0861.731.500.350 Malaysia Stock - KLSE Quarter Report History
26 Nov 201830 Jun 2019130 Sep 2018325,72164,89860,1551.911.600.347 Malaysia Stock - KLSE Quarter Report History
28 Aug 201830 Jun 2018430 Jun 2018301,16281,40157,1031.802.000.338 Malaysia Stock - KLSE Quarter Report History
22 May 201830 Jun 2018331 Mar 2018325,82762,48655,1742.631.600.490 Malaysia Stock - KLSE Quarter Report History
27 Feb 201830 Jun 2018231 Dec 2017375,96477,90368,6133.372.500.481 Malaysia Stock - KLSE Quarter Report History
21 Nov 201730 Jun 2018130 Sep 2017373,08973,66868,3763.412.300.453 Malaysia Stock - KLSE Quarter Report History
22 Aug 201730 Jun 2017430 Jun 2017345,65072,22365,6243.312.800.439 Malaysia Stock - KLSE Quarter Report History
16 May 201730 Jun 2017331 Mar 2017274,03354,27751,1782.622.200.425 Malaysia Stock - KLSE Quarter Report History
23 Feb 201730 Jun 2017231 Dec 2016275,05164,36363,0476.541.800.824 Malaysia Stock - KLSE Quarter Report History
22 Nov 201630 Jun 2017130 Sep 2016281,57749,96548,0045.013.000.750 Malaysia Stock - KLSE Quarter Report History
24 Aug 201630 Jun 2016430 Jun 2016254,97241,32639,9183.972.200.715 Malaysia Stock - KLSE Quarter Report History
18 May 201630 Jun 2016331 Mar 2016217,32123,03121,4022.221.000.680 Malaysia Stock - KLSE Quarter Report History
123

DateFinancial
Year
Ex-DateEntitlement
Date
Payment
Date
Entitlement TypeDividend
(Cent)
Dividend
(%)
Details
21 Feb 201930 Jun 201913 Mar 201915 Mar 201905 Apr 2019Second interim Dividend1.50000.00 Malaysia Stock -  Dividend
26 Nov 201830 Jun 201918 Dec 201820 Dec 201809 Jan 2019Interim Dividend1.60000.00 Malaysia Stock -  Dividend
28 Aug 201830 Jun 201818 Sep 201820 Sep 201805 Oct 2018Interim Dividend1.60000.00 Malaysia Stock -  Dividend
28 Aug 201830 Jun 201818 Sep 201820 Sep 201805 Oct 2018Special Dividend0.40000.00 Malaysia Stock -  Dividend
22 May 201830 Jun 201806 Jun 201808 Jun 201806 Jul 2018Interim Dividend1.60000.00 Malaysia Stock -  Dividend
27 Feb 201830 Jun 201813 Mar 201815 Mar 201806 Apr 2018Second interim Dividend2.50000.00 Malaysia Stock -  Dividend
21 Nov 201730 Jun 201813 Dec 201715 Dec 201708 Jan 2018Interim Dividend2.30000.00 Malaysia Stock -  Dividend
22 Aug 201730 Jun 201718 Sep 201720 Sep 201706 Oct 2017Special Dividend0.50000.00 Malaysia Stock -  Dividend
22 Aug 201730 Jun 201718 Sep 201720 Sep 201706 Oct 2017Interim Dividend2.30000.00 Malaysia Stock -  Dividend
16 May 201730 Jun 201706 Jun 201708 Jun 201706 Jul 2017Interim Dividend2.20000.00 Malaysia Stock -  Dividend
23 Feb 201730 Jun 201715 Mar 201717 Mar 201706 Apr 2017Second interim Dividend1.80000.00 Malaysia Stock -  Dividend
22 Nov 201630 Jun 201713 Dec 201615 Dec 201606 Jan 2017First Interim Dividend2.30000.00 Malaysia Stock -  Dividend
1234

DateEx-DateEntitlement
Date
Transfer
Date
TypeRatioRight Issue
Price
Details
30 Mar 201811 Apr 201813 Apr 201813 Apr 2018Bonus Issue1 : 20.000 Malaysia Stock -  Bonus/Rights Issue
09 Jan 201719 Jan 201723 Jan 201723 Jan 2017Bonus Issue1 : 10.000 Malaysia Stock -  Bonus/Rights Issue
17 Dec 201504 Jan 201606 Jan 201606 Jan 2016Bonus Issue1 : 40.000 Malaysia Stock -  Bonus/Rights Issue
02 Jan 201520 Jan 201522 Jan 201522 Jan 2015Rights Issue1 : 81.500 Malaysia Stock -  Bonus/Rights Issue
25 Apr 201309 May 201313 May 201313 May 2013Rights Issue1 : 40.360 Malaysia Stock -  Bonus/Rights Issue

INARI (0166) : INARI AMERTRON BERHAD
TeckLau
Member Star
Posts: 15
Joined: Jan 2012
Male, MYS
16 Mar 2012, 04:47 PMPost #1
doh
ktooipg
Member Star
Posts: 1
Joined: May 2013
Male, MYS
30 Jun 2013, 12:06 PMPost #2
lol
omightycap
Member Star
Posts: 63
Joined: Sep 2015
Male, MYS
13 Nov 2015, 01:46 PMPost #3
Check out O'Mighty's comment on the bonus issue proposed....

https://www.facebook.com/omightycap/photos/a.516884705141868.1073741828.516880861808919/545402238956781/?type=3
Sebie_Kelate
Member StarMember Star
Posts: 600
Joined: Dec 2016
Male, MYS
05 Feb 2017, 12:52 AMPost #4

map.

Sebie_Kelate
Member StarMember Star
Posts: 600
Joined: Dec 2016
Male, MYS
12 Jul 2017, 10:35 PMPost #5

Robotsaham Jstock Codings and Tutorials

ONLINE coaching - Group Premium Student Mahersaham

Sebie_Kelate
Member StarMember Star
Posts: 600
Joined: Dec 2016
Male, MYS
30 Jan 2018, 08:27 PMPost #6

kwok_39
Member Star
Posts: 150
Joined: May 2017
Male, MYS
31 Jan 2018, 01:27 AMPost #7

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

mr investor
Member Star
Posts: 40
Joined: Sep 2017
Male, MYS
03 May 2018, 10:23 AMPost #8

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

Jovi Lim
Member Star
Posts: 17
Joined: Dec 2018
Male, MYS
22 Feb 2019, 10:13 AMPost #9

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. 

Hutson
Member Star
Posts: 20
Joined: Dec 2018
Male, MYS
22 Feb 2019, 10:16 AMPost #10

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)

Jenny Loo
Member Star
Posts: 15
Joined: Dec 2018
Female, MYS
22 Feb 2019, 10:24 AMPost #11

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.

Subiseo
Member Star
Posts: 5
Joined: Oct 2018
Male, MYS
22 Feb 2019, 10:43 AMPost #12
Weaker 2FY19 normalised earnings. Inari Amertron Bhd’s (Inari) normalise...TE=Jenny Loo @ 22 Feb 2019, 10:24 AM
yeah

Michael Teo
Member Star
Posts: 20
Joined: Dec 2018
Male, MYS
22 Feb 2019, 10:50 AMPost #13

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.

Michael Teo
Member Star
Posts: 20
Joined: Dec 2018
Male, MYS
22 Feb 2019, 10:50 AMPost #14

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.

Michael Teo
Member Star
Posts: 20
Joined: Dec 2018
Male, MYS
22 Feb 2019, 10:51 AMPost #15

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.


yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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