INARI

Sector: Technology / OSAT

Analyzed on 15/8/2021

After INARI has announced its Q4’2021 results (net profit up 149% y-o-y), its share price has rallied to a high of RM3.75 before retracing in the afternoon session of the same day. For swing traders, one would have taken profit after a bearish pin bar has formed. As of last Friday, the share price further retraced by 5 cents to close at RM3.50.

We are in the opinion that the uptrend is still intact as the retracement is still above EMA25/50 and has not broken EMA supports. One should continue to monitor if INARI can be supported by its EMAs.

In a recent CEO interview, Mr. Lau revealed that INARI is setting sights on being in the KLCI Index constituents as their market cap has grown to RM13billion. INARI’s major US customer's up-coming launch of 5G phones will benefit INARI in the next 6-months as orders to be very encouraging and strong.

In case you’ve missed it, we have introduced our Volume 2 E-book which covers introduction and key financial highlights of semiconductor sector companies. If you would like to get a copy, just whatsapp us at http://mywa.link/fnufmzh9. Cheers.

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