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INARI

Author: YiStock   |   Latest post: Thu, 6 Dec 2018, 11:36 AM

 

INARI - Things Still Look Great to Me (4) - YiStock

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My first article about Inari was written in Oct 2015 https://klse.i3investor.com/blogs/Inari/71543.jsp

The market cap of Inari was RM 2.2 bil. 

Today 26 Nov 2018, @ RM 1.70 per share (RM 5.38B) , Inari is not spared and having corrected all the way from RM 2.50 per share (RM 7.9B market cap).

This nearly 31% drop in the market cap was due to various "bad news / speculation" about Apple Iphone. 

As of today, nobody can judge whether those supply chain bad news/ speculation is true / false. It will never anyway, because Apple has decided not to reveal the key statistic about the unit sale of thier product.

Such move by Apple has offered tremendous opportunity for anyone who wish to be in the media headlines by creating all the negative news.

After all, it can no longer be verified, Remember?

I offered my 1st doubt when bad news about Lumentum come out. Yes, bad "NEWS"

https://klse.i3investor.com/blogs/YiStock/182096.jsp

Then, somebody has highligted more explaination for all these malignant or wicked speculation.  https://appleinsider.com/articles/18/11/19/poor-news-curation-at-bloomberg-cnbc-reuters-creating-misleading-iphone-supply-chain-panic

Whatever it is, it is really up to the wisdom of individual investor to make their decision.

I have been holding Inari for so long, let me attached some key numbers and will probably explain more when Q result out.

 

To my opinion, everything looks great so far. 

(1) Except lot of bad "NEWS" which offer no direct evident so far pointing Inari is slowing down.

(2) 2018 Q1 & Q2 of high base iphone X production may have been balanced by low revenue in 2018 Q3 & Q4.

(3) The Core Earning which offset Forex may offer clue Inari will be doing just fine.

(4) The new launches of Iphone XS/ Max, together with higher demand of iphone X, iphone 7, iphone 8. All  needed higher RF content to run at 4G LTE.

Will Inari Slow down? 

http://www.theedgemarkets.com/article/inaris-new-plants-seen-boost-earnings

I'm still positive

 

Cheers!

YiStock

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Labels: INARI

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Chart Stock Name Last Change Volume 
INARI 1.61 +0.08 (5.23%) 16,975,400 

  4 people like this.
 
YiStock Posted by unclejoe > Nov 25, 2018 03:02 PM | Report Abuse

郭台铭否认富士康将裁员10万人 . http://www.enanyang.my/news/20181125/%E9%83%AD%E5%8F%B0%E9%93%AD%E5%90...



Posted by unclejoe > Nov 25, 2018 03:04 PM | Report Abuse

Billionaire Terry Gou says outlook for iPhone assembler Foxconn is strong at least until January.
https://www.scmp.com/tech/article/2174
26/11/2018 3:40 PM
Invest_Sensibly Mr. YiStock, can you comment on Tguan? May I know where to search for resin chart?
26/11/2018 3:59 PM
TheSyndicate Judging from the growth of the company's profit for the past few quarters (dwindling), I would not recommend a buy. The growth has been slowed down and the latest quarter has registered the lowest earning in about 6 years. I would wait for the coming QR to make a decision.
26/11/2018 4:52 PM
YiStock TheSyndicate, a brilliant choice. Q2 2019 result to be released in Feb 2019 will know if all negative news are truth/false
26/11/2018 6:56 PM
probability YiStock, whats your opinion on Inari's results today?
26/11/2018 10:37 PM
YiStock Probability, i think the latest result proven that Q1 & Q2 2018 base had both overshot from normal. That was when apple launched iphone x using single premium model with target of 80 mil unit production. The inventory carriying value has shot up in apple and revenue & profit of inari has also shot up. Iphone X content value is much higher compare previous model, resulted in US$1000 price tag.

With latest result in, the RF segment has back to it normal growth track. I compute the singapore revenue with 5% growth from 2016 (not 2017 due to high base). I think is very reasonable. Latest result has met my RF projection for Q1 2019. So, i think the profit is warranted for RF segment up to now.

As for all the negative news circulating in supply chain, those are pointed to Q2&Q3 of 2019.

Inari latest quarter affected by samsung indeed. But with next year new samsung model introducing 2D face ID as additional feature on top of iris scan, inari vcsel (i need to confirm this) and IR should prosper again.

New factory space for OSRAM has startef production in Q1 2019, i hope to see better contribution in february result.

5G is on the way, i will continue to hold my holding.
27/11/2018 7:56 AM
YiStock Another point is that Revenue can no longer use to judge Inari RF segment simply because the higher RF content will increase Profit more significantly than Revenue itself. Inari RF capacity has increased another 25% based on analyst report.
27/11/2018 8:36 AM
pputeh YiStock . I have the same reasoning. Will hold on to my Inari stock
27/11/2018 9:18 AM
probability YiStock,Thank you
27/11/2018 9:32 AM
YiStock https://klse.i3investor.com/blogs/Inari/183906.jsp
27/11/2018 12:07 PM
calvintaneng Inari is good

Well diversified and good
27/11/2018 4:39 PM


 

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