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11 July 2020

Recently, Nasdaq hit Record HIGH.

The recent TECH Superb Rally in global market also boost KLSE Tech Companies.


Most technology bulls valuation have recovered from the March Fall, some even surpassed January Levels and hit record high!

Compare to March Fall.
UWC ↑ 290% (Hit Record High)
PENTAMASTER ↑ 150% (Hit Record High)
MI TECHNOVATION ↑ 140% (Hit Record High)
FRONTKEN ↑ 220% (Hit Record High)
DUFU ↑ 200% (Hit Record High)
GREATECH ↑140% (Hit Record High)
 

BUT! ONE TECH GIANT BULL is still LAGGING BEHIND.

INARI AMERTRON
March Fall to 1.04

Rebound to recent high 1.9 (↑ 82%)
Retrace to 1.83 to-date.

52WK Record High : 2.09 (14% room from 1.83)

 

Meanwhile INSAS (3379) which is the biggest shareholder of INARI (18.37%) also experience a bullish short term recently.

We believe Semicon Sector will grow much better after Covid-19 incident with more 5G, IoT & Automation equipment needed, to reduce to minimal human contact.
 

Global semicon sales forecast to rise 3.3% y-o-y in 2020 to US$426b,
https://www.theedgemarkets.com/article/global-semicon-sales-forecast-rise-33-yoy-2020-us426b-says-sia

As we know Inari Revenue quite rely on Broadcom which is APPLE supplier.
Apple is pressuring suppliers to cut production delays for its next-generation iPhone range after coronavirus lockdowns in China and the U.S. put the technology giant behind schedule.
https://www.cnbc.com/2020/07/01/5g-iphone-apple-reportedly-pushing-suppliers-to-cut-production-delays.html
We believe the company business will not be much affected on the order-book yet.

Conclusion, we think INARI can grew further and boom in 2H20 based on below keytakes:

a) Its strong balance sheet which is in a net cash position.
b) Global Needs on Semicon products.
c) Apple Launches of 5G Smart Phones

 

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