COLLECT NOW...GREAT RETURNS AWAITING YOU

GREAT SHOWINGS BY IJACOBS...MY TP OF 0.70 BY FRIDAY SEEMS TO COME EARLIER. HEARD NEXT WEEK WLL BE A MAJOR ANNOUNCEMENT. NEXT WEEK TP 0.90

UPTREND TO CONTINUE

UPTREND TO CONTINUE

http://www.theedgemalaysia.com/index.php?option=com_content&task=view&id=296743&Itemid=79

WE SHOULD SEE 3.50 VERY VERY SOON AND THERE AFTER 4.00 BY END OF THIS MONTH OR MID SEPTEMBER

Collect Pelikan now... we could see it breaching 1.40; 1.55 and 1.70 very soon

Inari Amertron - Looking Good Ahead


Date: 05/08/2014




Source

:

RHB



Stock

:

INARI



Price Target

:

3.82

|

Price Call

:

BUY











Last Price

:

3.25

|

Upside/Downside

:

+0.57 (17.54%)





Back
--------------------------------------------------------------------------------



Inari Ametron’s (Inari) share price went up by 15% since early June. We continue to like the stock as potential surprises in its upcoming 4QFY14 results release could drive near-term sentiment while continued strength in Avago’s wireless division may help propel earnings growth over the medium term. Maintain BUY, with our FV revised up to MYR3.82 (from MYR3.49), based on a 17.5x CY15 P/E.

4QFY14 results preview. Inari’s FY14 numbers could potentially beat our full-year forecast of MYR88.0m due to pent-up demand for its integrated packaging and testing services (IPTS) in 4QFY14. This is evident in Avago Technologies Ltd’s (Avago) (AVGO US, NR) latest quarterly results, which saw surging demand for its wireless productsfrom Asian smartphone original equipment manufacturers (OEMs). This will likely benefit Inari by virtue of being one of Avago’s three main radio frequency integrated circuits (RFICs) assembling and testing contractors.

Apple’s iPhone 6 to drive demand. We expect the positive momentum to persist in 1HFY15, with Apple (AAPL US, NR) set to launch its iPhone 6 and iPad Air 2 by Sept/Oct this year. Currently, Avago supplies two chips each to the existing iPhone 5S and iPad Air. Judging from the interests, we expect iPhone 6 to potentially become Apple’s best seller and will likely beat its previous sales record of 9m iPhone 5Ssmartphones sold over the handsets' first weekend of sales in Sept 2013. This may pique investor interest in Inari, whom we see as the mostdirect proxy among local listed companies to the iPhone 6 theme.

Making inroads into China. Avago’s power amplifier chip module is found to be in the recently-announced Xiaomi’s flagship Mi4 smartphone model. Xiaomi shipped 26m smartphones in 1HCY14 vis-à-vis 7.0m in 1HCY13. It aims to boost phone shipments to 100m units in 2015. Should this materialise, it will likely propel demand for Avago’s wireless products and hence benefitting Inari indirectly.

Forecast revision. We revise up our FY14F earnings forecast by 8.3% to MYR96.1m in anticipation of Inari’s likely outperformance in 4QFY14 in view of Avago’s strong showing and positive quarterly outlook guidance. That said, we make no changes to our FY15F and FY16F forecasts for now, with our full-year core earnings estimates largely unchanged at MYR129.9m and MYR152.5m respectively.















Looking Good Ahead
4QFY14 results preview. Inari is set to release its 4QFY14 results by end -August. Based on our channel checks, its FY14 numbers could potentially beat our current full-year forecast of MYR88.0m due to pent-up demand for its integrated packaging and testing services (IPTS) in 4QFY14, driven primarily by its single largest customer Avago. This is evident in Avago’s latest quarterly results release whereby th e group registered revenue of USD701m (+25.0% y-o-y) and core earnings of USD223m (+45.8% y-o-y), driven by its wireless business which saw surging demand fromAsian smartphone OEMs. By virtue of being one of Avago’s three main radio frequency integrated circuits (RFICs) assembling and testing contractors, we believe Inari would most likely benefit from Avago’s improved sales volume.

Apple’s iPhone 6 to drive demand. Moving ahead, we expect the positive sales momentum to persist in 1HFY15, with Apple set to launch its widely-anticipated iPhone 6 and iPad Air 2 by Sept/Oct this year. Currently, Avago supplies two chips each to the existing iPhone 5S and iPad Air. According to a consumer survey conducted by www.techradar.com, iPhone 6 is the most anticipated Apple’ssmartphone ever, with interest easily outstripping that of its predecessors iPhone 5Sand iPhone 5. Judging from the interests, we expect the iPhone 6 to potentially become Apple’s best seller and will likely beat its previous sales record of 9m iPhone 5S smartphones sold over the handsets' first weekend of sales in Sept 2013. Ultimately, this may pique investor interest in Inari, whom we see as the most direct proxy among local listed companies to the iPhone 6 theme.

If 3.40 can be broken conclusively then sky the limit

If ijacobs can breach 0.64 , then next level will be 0.70 by this week. 3 mth tp 1.00

STRONG REVERSAL SEEN TODAY (MON)...EXPECTED MORE UPSIDE TOMORROW(TUE)

I FORESEE THIS WEEK TO TOUCH 0.70

Good to collect around 3.30

rise unabated...but should take profit for now

DUIT RAYA FROM INARI THESE TWO DAYS

UPTREND SHOULD CONTINUE UNABATED

1ST DAY VOLUME INCREASED SUBSTANTIALLY ... JUST WATCH FOR POSSIBLE RUN UP

Eatch closely for breakout of current levels...rush in if you see volume

3.50 soon

Watch this counter closely next week.

Watch closely this counter next week

More goodies coming

Major reversal of trend expected next week

IMPRESSIVE REVERSAL PATTERN TODAY... SHOULD SEE BREACHING 1.30 TOMORROW

UPTREND MODE WITH UNUSUALLY HIGH VOLUME TODAY....EXPECT TO BREAK 2.00 NEXT WEEK

COMING...3.40 N 3.50 VERY SOON

TOMORROW WE SHOULD SEE FURTHER UPTREND POSSIBLY BREACHING 0.40

COLLECT BELOW 3.30....YOU WONT REGRET

below 3.30 just collect

http://klse.i3investor.com/servlets/ptres/24050.jsp

Business NewsHome > Business > Business News

Published: Wednesday July 9, 2014 MYT 12:00:00 AM
Updated: Wednesday July 9, 2014 MYT 7:12:01 AM
Pelikan to spin off stationery business, raise RM491mil


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PETALING JAYA: Pelikan International Corp Bhd has announced plans to float key units and selected assets in Germany via Frankfurt-listed Herlitz Aktiengesellschaft, its 70.92%-owned subsidiary, and a series of corporate exercises to raise RM491.3mil.

The firm said in a filing with Bursa Malaysia yesterday that it would embark on a streamlining exercise to inject assets within Pelikan and Pelikan Holding AG, its 96.45%-owned unit traded on Switzerland’s SIX Stock Exchange, into Herlitz for 266mil euro (RM1.19bil), in exchange for 266 million new bearer shares of one euro each in Herlitz.

Pelikan also proposed a private placement of up to 50 million Herlitz shares at a minimum offer price of one euro apiece, an offer for sale by Pelikan of up to 30 million Herlitz shares and an offer for sale by Pelikan Holding of up to 30 million Herlitz shares.

The assets to be injected are principally involved in the manufacturing and distribution of writing instruments, art, painting and hobby products, school and office stationery and papeterie products.

The placement and offer for sale will raise a minimum of RM491.3mil to be used for business development, working capital and to pay down bank debt.

Some RM200mil has been allocated to develop new products, build sales and distribution channels, gain access to new markets by setting up or acquiring distribution companies and brand-building activities, Pelikan said.

The group will repay RM150mil in debts, cutting its gearing level to 0.36 times from 0.72 times and saving an estimated RM9mil per year in interest payments.

“The Pelikan group currently operates its entire global business under various directly held subsidiaries and subsidiaries held via listed sub-groups such as Pelikan Holding and Herlitz.

“The group now intends to streamline its key stationery business into one listed subgroup, which is Herlitz, with the remaining business to be maintained under Pelikan and Pelikan Holding.

“With a clear defined business structure which mainly focuses on sales and distribution of stationery products, the group can better reflect the profitability and prospects of the stationery arm rather than being colluded with other business units or product lines, which may cause complexities in overall performance measurement and inefficient deployment of resources,” it said.

The new structure would also allow its core stationery business under Herlitz to show better operating profits and a stronger balance sheet, Pelikan added.

http://www.theedgemalaysia.com/business-news/298150-hot-stocks-mpi-leads-tech-stocks-charge-on-upbeat-semicon-data.html

MY RM3.50 TO BE MET REAL SOON POSSIBLY THIS WEEK

Congrats all loyal inarians . A bumper day for us today. Hope more to come. 3.50 should be very soon

one Research house just made a "buy" call on inari at above 4.2xx

EXPECT TO TOUCH 0.45 NEXT WEEK

EXPECT TO TOUCH 0.45 TO 0.50 NEXT WEEK

SHOULD BREAK 2.00 THIS WEEK

IF YOU STUDY THE UZMA RIGHT ISSUE...THE SHARE PRICE MOVED UP UP ALL THE WAY AFTER ANNOUNCEMENT AND EVEN AFTER EX-PRICE DATE. I BELIEVE LOCAL N FOREIGN FUNDS WILL SNAP UP INARI SHARES TOMORROW ITSELF

there is an off market deal for inari dione today for 4.5 mln shr@3.12
I understand 1 mutual funds took the block

STRONG REVERSAL EXPECTED TODAY....NEXT WEEK TP 45

STRONG REVERSAL EXPECTED TODAY....NEXT WEEK TP 0.50

MOST LIKELY WILL BREACH 2.00 TODAY...THEN 2.30 TO 2.50 AS PUT BY SEVERAL RESEARCH HOUSES

3.50 SHOULD BE A REALITY VERY SOON...BIG THINGS COMING

There should be a big announcement by the looks of it . today like alex said...3.25

The way its moving; looks like a very major great news coming. Expect 3.50 soon

we cud see breaching 3.20 by tomorrow....maybe bonus announcement

Great report from research houses coming out with very high fair value

HEADING TO BREAK 2.00

UPTREND SHOULD CONTINUE TOMORROW AFTER SEVERAL BROKING HOUSES UPGRADE ITS FAIR VALUE