[INARI AMERTRON BHD：预计到2023年5G手机将占手机销量的一半以上，并且由于5G的影响，智能手机市场有望在2020年恢复到2.9％的增长]

1Q20 vs 1Q19:
与截至2018年9月30日的同期相比，集团的税前利润从6490万令吉减少了15.4％至5490万令吉，税后利润从6010万令吉减少了20.6％至4770万令吉。

1Q20 vs 4Q19：
集团在本季度的收入为3亿1千6百60万令吉，比上一季度的2亿7千70万令吉高17.0％，这主要是由于特别是quarter-on-quarter的销量增加所致，特别是射频产品。

集团的税前利润从4,930万令吉增加了11.4％至5,490万令吉，税后利润从上一季度的3,830万令吉增加了24.6％至4,770万令吉。这些主要是由于销量增加，产品结构变化以及递延税项减少所致。

前景：
预计2020年全球经济增长将达到3.4％。2018年，全球半导体市场增长13.7％，至4,688亿美元，预计2019年将下降13.3％，至4,066亿美元。到2020年，预计所有地区都将增长，整体市场将增长4.8％，达到4,261亿美元。光电产品预计将增长8.2％，所有其他产品预计将比2019年增长中低个位数。

在当前季度中，他们的射频（“ RF”）部门的业绩增长，而光电部门的一系列产品业绩下降，并且这集团的新产品销量小幅增长。根据Gartner于2019年9月26日发布的报告的最新预测，智能手机的销量将在2019年下降3.2％，其RF部门表现更好。在同一份报告中，它预计到2023年5G手机将占手机销量的一半以上，并且由于5G的影响，智能手机市场有望在2020年恢复到2.9％的增长。在新手机更高的复杂性芯片的推动下，其射频部门将持续增长。

展望未来，根据集团当前客户预测的指导，预计2020财年上半年的业务将有所改善。在没有重大影响的情况下，这集团对2020财年的业绩保持谨慎乐观。这集团将继续扩大生产能力，并在改进领域投资于测试/组装技术，以提高利润率和收入。
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James Ng Stock Pick Performance:
Since Recommended Return:

a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM2.36 (dividend RM0.025) in 1 year 4 months 7 days, total return is 233.6%

b) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.23 in 10 months 29 days, total return is 113.9%

c) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.835 in 3 months 24 days, total return is 83.5%

d) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.41 (dividend RM0.04) in 1 year 5 months 18 days, total return is 82.4%

e) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.78 (adjusted)(dividend RM0.01) in 6 months 17 days, total return is 67.1%

f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.43 (dividends RM0.113) in 1 Year 2 months 12 days, total return is 59.9%

g) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.19 (dividend RM0.015) in 1 Year 3 days, total return is 50.6%

h) TSH (TSH RESOURCES BHD), recommended on 30 Jun 19, initial price was RM0.90, rose to RM1.32 in 5 months 19 days, total return is 46.7%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.68 (dividend RM0.07) in 1 Year 1 month 1 day, total return is 37.8%

j) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.28 (dividend RM0.018) in 11 months 26 days, total return is 34.5%

我希望将我的策略分享给读者，希望他们在阅读后能够表现出色。我正在使用基本面分析（Fundamental Analysis）：

预计公司每年的增长率必须> 14％

我想说服读者学习基本面分析FA以便能从股市赚钱。

我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人，可以通过jamesngshare@gmail.com 或我的FB页面与我联系。

1)【看懂年报和季报】课程:
11a.m. – 7p.m.，免费茶和咖啡

12月22日星期日：AG Hotel Penang, George Town 2份点心

12月29日星期日：Hotel Sri Petaling, KL 3份点心

2020年2月22日星期六：Silka Johor Bahru Hotel, Johor Bahru 7份点心

2)【股票-实际操作班】课程：
10a.m. – 9p.m.，免费午餐和晚餐

12月21日星期六：AG Hotel Penang, George Town

12月28日星期六：Hotel Sri Petaling, KL

2020年2月23日星期日：Silka Johor Bahru Hotel, Johor Bahru

有兴趣的朋友，可以电邮或PM FB page联络我
email：jamesngshare@gmail.com
电话/Whatsapp : 011 - 15852043

Facebook Group: https://www.facebook.com/groups/jamesinvesting

这个是我的TELEGRAM Group链接，大家可以在这个Group获知何时做Fb live: https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw

请大家来Follow James的Instagram，获取最新的资讯：jamesnginvest

这个分享纯属讨论以及领域的分析，买或卖自负。请Like和Share这个post。最终决定永远是你的，谢谢。

James Ng
---------------------------------
[INARI AMERTRON BHD: it expect to see 5G phones account for more than half of phone sales in 2023, and as a results of the impact of 5G, the smartphone market is expected to return to growth at 2.9% in 2020]

1Q20 vs 1Q19:
The Group’s profit before tax decreased by 15.4% to RM54.9 million from RM64.9 million and profit after tax decreased by 20.6% to RM47.7 million from RM60.1 million compared to the corresponding quarter ended 30 September 2018.

1Q20 vs 4Q19:
The Group’s revenue for the current quarter of RM316.6 million was 17.0% higher as compared to the revenue registered in the immediate preceding quarter of RM270.7 million which was primarily due to higher volume loading quarter-on-quarter in the particular,
radio frequency products.

The increased in Group’s profit before tax by 11.4% to RM54.9 million from RM49.3 million and profit after tax increased by 24.6% to RM47.7 million from RM38.3 million in the immediate preceding quarter. These was mainly due to increase in sales volume, changes in product mix and decrease in deferred taxation.

Prospects:
Global economic growth is projected to pick up to 3.4% in 2020. The worldwide semiconductor market was up 13.7% in 2018 to USD468.8 billion, the year 2019 is forecasted to be down 13.3% to USD406.6 billion. For 2020, all regions are forecasted to grow with the overall market up 4.8% to USD426.1 billion. Optoelectronics is expected to grow by 8.2%, all other products are forecasted to grow low-to-mid single digit compared to 2019.

During the current quarter under review, their Radio Frequency (“RF”) division registered a growth performance while optoelectronics division registered declined performance in a range of product lines, and the Group’s new products show modest increase in volumes. According to the latest forecast from Gartner’s report published on 26 September 2019, sales of smartphones will declined by 3.2% over worldwide shipment of devices - PCs, tablets and mobile phones in 2019, their RF division has performed better. In the same report, it expect to see 5G phones account for more than half of phone sales in 2023, and as a results of the impact of 5G, the smartphone market is expected to return to growth at 2.9% in 2020. They look forward to continued growth in their RF division driven by higher chip complexity in the new phones.

Looking forward, using guidance from the Group’s current customer forecasts, the business for first half of FY2020 is expected to improve for the Group. In the event no major fallouts happens, the Group remain cautiously optimistic in earnings for FY2020. The Group will continue to expand their production capacity and invest in test/assembly technologies in areas of improvement to drive better margins and revenue.
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I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:

the forecasted growth of a company must > 14% per year

I wish to convince readers to learn FA in order to make money from stock market.

I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page.

This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.

James Ng