So many members are asking about INARI, here I will summarize the latest QR and some key points. Chart Analysis and Trading Plan will be shared in the next post (Only private group):
Revenue: RM 347.6 mil (QoQ: 48.98%, YoY: 9.8%)
Profit After Tax: RM 70mil (Historical Highest, QoQ: 98%, YoY: 47%)
Dividend: 2 sen
♨️ Compared YoY, revenue increased 9.8% only, but PAT increased 47%!
♨️ PAT achieved historical highest
Higher Profit because of:
✅ Higher revenue and the reversal of deferred tax provision which helped offset against unfavorable movement in forex exchange
✅ Higher seasonal demand (Apple - Iphone)
Prospects:
✔️ Good demand in RF business due to
▶️▶️ Launch of and Growth in new 5G phones with 5G frequency bands requiring additional RF components over 4G ones.
✔️ Positive on the earnings for FY2021
✔️ Will continue to improve production capacity
❗️Need to take care the risk of weakened USD ❗️
In TA, don't recommend to enter now. Big funds are keep disposing their shares and making the share price is being pressed heavily. Combining a few indicator and price/volume movement, we would like to buy on strong breakout instead of collect at support.
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