igniss...yes tks.

For forex , use average for mt than qtr. The ringgit strengthen against the US$ from qtr2 to qtr1 by a very significant amount of around 4%. It was 2% in qtr1 Should have hugh gain in forex !!!

Meathere is spot on for Qtr2 results projection. The 3 crucial factors are somewhat known now. Fuel px is similar with Qtr1. Passenger flown is similar or slightly better than Qtr1 based on various hint/statement from AA executives and other aviation sources. This implies core earning to be similar or slightly better than Qtr1 ! Forex is interesting. Surprisingly the ringgit perform much better in Qtr2 than Qtr1 vis a vis US$....ie 4% point in Qtr2 vs 2% point in Qtr1 !!! Although Forex impact is rather complex to assess , if all things being equal compared with Qtr1 than one can assume substantial Forex gain in Qtr2. This may means net earning well in excess of RM 1Billion for Qtr2 !!!.
What do you guys think..LC Chong, ICON8888.....

A vote for Leave is also unlikely to happen very quickly, and may ultimately result in a situation that is little changed.

“Second, even if the vote is for Brexit, the UK would probably remain a member of the EU for several years,” the report said. “The result of the referendum would only be advisory.” In other words, this vote is not legally binding. Combined with most of the political leaders preferring to remain in the EU means that the leaving process will be dragged out, and may not even officially occur until 2020. Additionally, UK leaders may end up coming out with a deal that is ultimately very similar to their current membership with the EU, while still technically leaving it.

Aircraft leasing is the in thing now and for a long time to come !!! Airasia is sitting on the sweet spot and a goldmine. Quote :

"There won't be any shortage of investors because they are looking at not just an aircraft leasing company (BOC Aviation) but at a company whose future is entrenched in Asia Pacific. It's a growth story," said Shukor Yusof, an analyst at Malaysian aviation consultancy Endau Analytics.

BOC Aviation, formed after Bank of China's 2006 purchase of a firm formerly backed by Singapore Airlines Ltd (SIAL.SI), has grown to become Asia's second-biggest lessor with a portfolio of about 250 planes valued at $9.4 billion, according to estimates from industry publication Flightglobal.

Longer-term investors such as insurers and pension funds are warming up to the sector as aircraft leases offer fixed incomes and are often seen as safe transactions. Paid for in U.S. dollars, aircraft are comparatively easy to re-lease to different geographies.

Ignissimia..well said. There are very few counters , if any, that's in a better position than AA at this moment and probably in a long while to come ! It is now up to Mr Market to bring AA to its deserved destination of RM4 or more likely beyong. As Icon 8888 indicated with earning of rm2B or EPS of 60cent (which I think is still conservative !)..PE is even below 7 at rm4 !!!

Like a shining Star of David that shine ever brighter in a dark n gloomy sky !

Little food for thoughts...China,India,Asean and Japan have a combined population of 3.36Billion or 48% of the world populations !!! These are mostly young emerging and prospering countries,
except for Japan. AirAsia by design and foresight of its founders has a footprint in ALL these regions. Over the last 6mts or so, the Chinese started to made a small returns to Sing-Mal-Thai and what a busy time AA has and what impact to its Load Factors .Imagine when the small return becomes a major one !!! Imagine when the rest of Asean countries start to fly. more and more as AEC catalyst kick off, imagine when IndiaAA reach inflection points........
Short term low fuel px is a bonanza, long term sky is the limit . PTL

There is a time and season for all things. A time for sowing, weeping and mourning and a time for reaping,dancing and a time for peace ! Now is the time to be thankful and grateful. Kudos to Tony and Team for such excellence and perseverance. Bring pride and joy to the nation as well. PTL.

Quote from CIMB report :

“AirAsia remains one of the cheapest low-cost carrier stocks from a price-to-earnings (P/E) perspective, trading at a core CY16 P/E of 6 times against the average sector P/E of 11 times. We expect the 2Q results to be good as well, as industry capacity is flattish while inbound Chinese tourist traffic is rising "

Guys, using CIMB conservative forecast ( and based on pre-Qtr 1 results ), EPS=39c and currently trading at PE=6 !!! If trading at aviation sector average of PE11...AA is worth RM4;29 already.
This is pre Qtr 1 data, before any re-rating etc !!! Use your imagination. PTL

Is now 6 days to D-day. Most of you are now anxiously waiting for the magic nos. Its going to be super good but how good ? . Lets put our head together and made the most reliable forecast . Its not that difficult as the vital AA aviation statistic was released and even the CEO gave away fuel saving nos to the tune of RM1.8 Billion ! Lets say the one who hit bullseye or closest will be given a free trip to any of AA destination...I think TF will be more than happy to sponsor

My take is the Qtr1 2016 earning = rm570M ( EPS = 20c). This includes fuel saving=150m, associate contribution=80m, translation gain on loan=88m, forex gain on expenses=80m

Am I dreaming or is the performance data the reason for TF and CEOs immense enthusiasm/confidence ? Any of you are welcome to comment but with facts and data pls or post your forecast. PTL

AA

oil jump 3%, RM strengthen to 4.01 , IMDB default subsides....AAB to continue upward journey !!! o

For the serious investors n shareholders of AAB , you would have taken note of what the founder (TF) and CEO (Aireen) says recently. Both mention about very positive 2016 performance and stong demands in 1st quater 2016. Tony mention of average load factor of 85 %.(circular to shareholders on PP ) Thats a record for qtr 1 performance ! Even more impressive and all of you should take note...Aireen mention that AAB has hedged 76% of 2016 fuel at US54...giving rise to a cost saving of RM 1.8 BILLION ..I repeat 1.8 BILLION !!!!! Since the hedging is done you can assume the saving is already in the pocket and you can do all the maths!The above plus a favorable RM and knowing that the management team continue to have excellent cost control and innovation culture...I am sure qrt1 results will be a very plesant surprise to all , possibly better than qtr 4 !!!!!! And best of all 2016 will be a super record year for AAB, who is only playing catch up with their US counterparts .
I hope that investors n shareholder alike will share the same aspiration and objectives of the proposed PP , and post EGM the executives n management of AAB is empowered to fulfilled all of the above for the benefits of all. PTL

Icon 8888.. The most awaited AAB's Qtr 1 report is about a month away. Would be exciting to made some educated estimates of what it will be . Whats your take ?

Take note that CIMB report TP is based on FY2017 ! If you look at CIMB's forecast for FY2016
the prospect is even brighter with Core Net Profit of RM 1146M. This gives EPS = 37.4 (weighted ave of 3062M outstanding share). This is amazingly close to ICON8888 projection of RM1116M or EPS=40 ! CIMB appear consevative on fuel px, forex gain , taxes and associate looses . This is good and implies potential surprises on the upside and re-rating of PE. My take is a possible 10xPE
by year end or before and 12xPE before 1st half of next year ? TP for 8xPE =RM3 , TP for 10xPE=RM3.7 and TP for 12XPE=RM4.5. Welcome comments preferably based on facts and data !

Avago/Broadcom share at record high now....should not take long for Inari to do likewise !

EPS of 54.6c is not too far fetch in current favorable environment !. Even Neoh Soon Keang , the renowed analyst of Dynaquest forcast EPS of 50c for CY2016. With new catalyst coming in series ( low oil px, stable or improving RM, higher divident and better Qtrly earnings ..) and re-rating happening...do expect PE more than 10.X. TP of RM5, anyone !!!

Correction maybe after the Big Bang ! Condition is building towards a Big Bang v soon .. ie .jump of 20 sen or more with volume in the 100m

Macquarie Equities Research (MER) Target Price for AA is RM2:59.......with improved loading, efficiency, low low fuel cost for a long time to come and stabilizing RM....does not take a genius to figure out even RM2:59 is low !

can only be better from this point on,,,qtr4 to be excellent and 2016 to be outstanding !

Starting about a couple of months back the tides of bad news seems to be abating and good news began flowing and getting stronger. Here s another one great news !

MER’s ( Macquarie Equity Research ) recommendation for the Malaysian aviation stocks is unchanged. AirAsia – Outperform, TP RM2.59. Report released 12Nov.

Southwest Airlines posts record profit in second quarter
Cheaper fuel, full planes propel Southwest Airlines to record 2Q net income of $608 million

DALLAS (AP) -- Southwest Airlines is packing more passengers on planes than last summer and paying sharply lower prices for fuel. That's adding up to more record profits at the nation's fourth-biggest airline.

...harbinger for things to come for AA ?

" Avago Technologies (NASDAQ:AVGO) reported its seventh straight quarter of accelerating earnings and sales growth late Wednesday as the iPhone chip supplier also announced a big acquisition.
Avago earned $2.09 a share excluding various items in its fiscal Q1, up 149% vs. a year earlier and blowing out views for $1.94. Net revenue from continuing operations grew 134% to $1.66 billion. GAAP net revenue rose 131% to $1.635 billion."

Key points : ".. accelerating earnings and sales growth ' AND IT FOLLOWS THIS SEQUENCE
APPLE > AVAGO > INARI !!!

The Debt to Equity is more like 0.17 ! Total borrowing at slightly below 60m and equity at 353m.
Inari financial in terms of profitability, cash-flow and balance sheet is very healthy. With the latest rights w warrant exercise, it gets even better !

As expected , Inari deliver another record breaking and excellent qtr of financial performance.
They are doing this for many qtrs now , kudos to a magnificent management team. Bottom line net profit is getting closer to 18% !!! EPS for the qtr is 6.59c . Simple annualization gives EPS of 26.4c.
Based on various analyst forecasted net profit of 140m to 150m for FY2015 implies EPS of about 23c . Assuming a reasonable PE of 18, Inari should be worth between RM4;20 to RM4;80.

(the rights issues will have a dilution of 10% plus and this can be more than offset be the new
capacity coming on stream from Qtr4 onwards. )

A closer comparison could be Globtronics.

EPS is similar but PE is world apart ? (76 % gap ! )
Globe PE = 22.5
Inari PE = 12.8
Globe do have higher dividend ( 5% vs 3%) but Inari has higher earning growth prospect (30% vs 20%) . Inari will see the dilution (10% plus) soon , but the additional capacity/volume will more than compensate ! So what is causing the gap..I suspect the rights exercise could be a major reason,
and is now nearly completed ! Qtr2 financial is expected soon ( as early as 1st wk of Feb) and taking cue from Apple..Avago..Xiaomi's outstanding performance..you can expect another record breaking qtr ! Will the market wake up to discover the true value of Inari ?

Something to ponder and perhaps keeps some excitement going.

Stock EPS PE Share Px
Globetronics 22.25c 20.18 RM4.5
MPI 25c 19.65 RM4.9
Inari 22.73c 11.9 RM2.7

Do you think the hugh PE discount (40% ! ) by Inari wrt MPI and Globe is justifiable ?
Most likely not, by most account ( Business Fundamentals, Growth Potential and Quality of Management Team ). That being the case, when market wakes up , do not be surprised
to see Inari going towards RM4.50 ( 20 X PE of 22.73c EPS ).

December is the month for " Goodnews of Great Joy "...though so far not much for Inari , yet !
And here is one breaking news from Avago with strong knock-on effect for Inari . As I write, Avago is up nearly 9% at $103.5 !!!


" NEW YORK (TheStreet) -- Avago Technologies (AVGO) shares are up 5.5% to $100.35 in early market trading on Thursday after the analog semiconductor manufacturer had its price target raised by analysts at Pacific Crest and Canaccord Genuity following the release of the company's fourth quarter financial results on Wednesday.

Analysts at the Pacific Crest raised the company's price target to $115 from $90, while analysts at Canaccord Genuity upped the price target on the company to $122 from $97. The increases represent potential upsides from the stock's current price of 14.6% and 21.5%, respectively.

Avago Technologies reported fourth quarter earnings of $1.99 that easily beat analysts' $1.68 expectations, helped primarily by strong sales of Apple's (AAPL) iPhone 6 for which the company builds components. "

Be Thankfull n Joyfull. PTL

Parables of the wise and foolish builders : He is wise who build his house on the ROCK ; for when the rain descended, the floods came, and the wind blew and beats on that house. But it did not fall , for it was founded on the ROCK.
If your investment principles is built upon a rock (sound and solid) , you would know what to do (or not to do) in a storm like now.
If your investment principles is built upon a rock you would have chosen a business/counter that is like a rock. ..thankfully Inari is being built like a rock..though still WIP

Be Wise Be Thankful Be Blessed

News Flash...Avago leap more than 10% at opening bell !!! New target raised to US100 !!!
How do you think Inari should be valued ? Have a great wkend.
Be joyfull and PTL.

Kelvin, absolutely and thanks for sharing your insight. Avago released their earning last night.
Another spectacular performance ! After hours trading saw Avago share jump more than 2% .

http://www.theedgemalaysia.com/in-the-edge-financial-daily-today/302110-xiaomi-reports-brisk-phone-sales-in-malaysia.html

Xiaomi has tripled its sales this year and overtook Samsung in shipment for China smartphone. Apple is launching IPhone6 in 9Sept. Avago , hence Inari too are sitting on massive fortune . ..You do the maths..and the Qtr 4 results plus the next two Qtrs will be fabulous !

Be Thankful n PTL

Article a bit lengthy but worth reading. Inari is certainly blessed and for years to come for being an establised tier 1 partner of Avago.
Be thankful and PTL



Bull of the Day: Avago (AVGO)
by Kevin Cook Published on August 04, 2014 |
HPQ AVGO AAPL


Avago started as a Hewlett Packard (HPQ - Analyst Report) semiconductor division in the 1960's and was later a part of Agilent that was spun-off from HP with an IPO in 2009. The $18 billion company makes radio frequency chips that are used in smartphones by Apple (AAPL - Analyst Report), Samsung and other mobile device manufacturers.
Avago products primarily serve four markets: Enterprise Storage (38% of FY 2013 revenue), Wireless Communications (25%), Wired Infrastructure (23%), and Industrial & Other (14%). It has a diversified revenue model with 37% of its FY 2013 revenue derived from China, 20% from North America, 10% from Europe and 33% from the rest of the world.

Solid Q2 Report
On May 29, Avago reported its financial results for Q2 of its fiscal year 2014, ended May 4. Net income for the quarter was $158 million or $0.61 per share, up from net income of $134 million or $0.53 per share for the prior quarter and net income of $113 million or $0.45 per share in Q2 last year.
According to the management, “our wireless business came in significantly above our expectations due to strong product ramps for our FBAR-related products into multiple Asian Smartphone OEMs. We also saw resurgence in Industrial re-sales through our distributors, especially in Europe and Japan”.
On May 6, Avago closed the acquisition of LSI Corporation. Subsequent to the acquisition Avago joined the S&P 500 index, replacing LSI Logic.

Vertical EPS Revisions
In mid-June, my colleague Neena Mishra wrote on Avago as Bull of the Day and noted "As a result of continued solid performance, the Zacks Consensus Estimates for FY 2014 and 2015 have increased to $3.29 per share and $4.51 per share." The EPS table below shows the most recent consensus estimates and explains whey the stock became a Zacks #1 Rank again this month as analysts kept raising their numbers
You can also see that these are the kind of implied growth rates that make growth stock portfolio managers salivate. What this table doesn't show you is where those consensus EPS estimates were before the most recent company guidance. 2014 estimates were raised from $3.01 to $3.31 (+10%) and 2015 estimates were hiked a whopping 31% from $3.50 to $4.59. That's a powerful bump in the company's earnings momentum and outlook.
Analysts and Funds Target Higher Prices
After that earnings report and the subsequent estimate bumps, I took a look at this Zacks #1 Rank to see if it had something else that makes it a buy for me: strong institutional interest. I found that the $275 billion Capital Research Investors disclosed a big position of 25.8 million shares (10% of the company) in early May in a 13G filing.
This was likely in reaction to the company being added to the S&P 500 after they closed their acquisition of LSI. But knowing some of the holdings and strategies of Capital Research, a sister fund of the equally large Capital World Investors, this is a growth play for them as well.
In July, Stern Agee analysts reiterated why Avago had been recently added to the firm's Best Ideas list with a $93 price target, noting that "execution discipline and product leadership make it top holding."

The analysts hosted investor meetings with AVGO's CFO and gave these "key takeaways: 1) expect a strong 2H with China builds and marquee phones, no supply chain slowdown, 2) LSI synergies running ahead of time line driving upside GM-OM versus consensus, 3) increasing 2H14-2015 Wireless content as 4G ramp focuses handset OEMs on FBAR as key, and 4) stable HDD, Wired 40G Bi-Di ramps, and hyperscale storage demand, combined with a focus on execution, should make AVGO a top L-T stock. Raising estimates and PT to $93."
And after Apple's earnings, Oppenheimer analysts, who have an Outperform rating on AVGO shares, were even more positive. Here's what they had to say...
"AAPL represents ~15-20% of Avago sales before the acquisition of LSI. The company primarily supplies RF filter and power amplifier components in the iPhone/iPad. Following the LSI acquisition and AAPLs move back to a single SKU for iPhone 6 we believe AVGO could see 30%+ content gains on iPhone 6."

Bottom line: In a strong semiconductor industry, this is one large cap name I want to own for growth with solid business footholds in both enterprise networking and mobile devices. They would seem to benefit from all dimensions of a more connected world.....

Pray that this sharing may bring encouragement and hope to Inarian faithful who stay invested..

(A)
By now most of you would realized that Inari has a life of its own,not swayed by
external environment, news, rumour etc. It moves when its time to . Period !

(B)
It has in the last month or so absorbed numerous “goodnews” , such as , Qtr3 Financial,
the long awaited MB confirmation and transfer, Avago and Apple superb financial and stock performance. Yet, no significant stock movement, some may say consolidating/digesting.
Interestingly, this was the same pattern in Dec 13’ and Jan14’

(C)
Another pattern worth noting. If you look at last whole year performance (stock px), it seems there is a pattern running in about 3months cycle. One cycle define as start of run-up to end of consolidation. The average stock px increase per cycle was 45%, highest at 64% and lowest at 22%. You can say that this cycle is tied to the Qtrly financial performance and is probably true.

(D)
So the uppermost Q in everyone’s mind is will this cycle repeat , when and how much ?
In my opinion, and you are welcome to share yours, the more the merrier , I belief the
Cycle will continue for the following reasons :

+ Fundamentally, nothing adverse has happened to Inari, production will continue to hum along
+ More than that, Avago , Apple and Samsung are entering traditionally strong quarters from April to Dec. This is Qtr4 FY14, Qtr1FY15 and Qtr2FY15 for Inari.
+Avago has breakthrough in Asian Smartphone OEMs market ie Siaomi, ZTE etc
This has hugh volume growth impact for Inari !
President and CEO of Avago, said: “In the second fiscal quarter of the year, our wireless business came in significantly above our expectations due to strong product ramps for FBAR-related products into multiple Asian Smartphone OEMs. We also saw a resurgence in Industrial re-sales through our distributors, especially in Europe and Japan”
+The major world economies are surprisingly at a comfortable growing level
+All these will ensure Inari 3months Cycle will repeat itself for a while.
+Additionally, Ceetec’s grow , Fiber Optic potential and Avago’s integration of LSI will ensure a bright future for Inari for years to come !

So, count yourself blessed to be on board ! PTL

Something to cheer up ..guys. Digest the words of Avago CEO carefully and you know why !



" President and CEO of Avago, said: “In the second fiscal quarter of the year, our wireless
=========
business came in significantly above our expectations due to strong product ramps for our =================================================================
FBAR-related products into multiple Asian Smartphone OEMs. We also saw a resurgence in
=============================================
Industrial re-sales through our distributors, especially in Europe and Japan. The third quarter marks a transformative event in Avago’s history as we completed the acquisition of LSI, creating a substantially larger company with a much more diversified and balanced mix of end markets.”
Looking ahead, it seems the company will continue to deliver. For the next quarter, the company expects revenues of $1.3 billion and gross margin to come in around 24 percent. It expects a hefty amount of operating expenses of $691 million to achieve these revenues and gross margin. All in all, the company continues to succeed. While the stock has leveled off recently, I think it has much more room to run. As such, I have a buy rating on the stock and assign an $80 price target."

perseverance + hope = joy
Based on pass observation, rally started after 3pm , usually sustain and last .

The last 4 to 5 days of consolidation was certainly good and bring forth another new lease of life to Inari. , it was quick though quite steep, scaring many souls that did not have a strong foundation on value investing. Now that Inari has bounced off all the support levels, it is headed to break many resistance level. Taking out RM2:87 would be straight forward and its upside Tgt
of RM 3:31 will be next !!! Lets watch. PTL.

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

" Its chart has moved into very strong daily, weekly and monthly uptrends to its recent March 2014 high of RM2.87. As it broke above its recent key critical resistance levels of RM2.31 and RM2.54, look to buy Inari on any dips to its support areas as the moving averages
depict very firm short to medium term uptrends for this stock. The daily, weekly and monthly indicators (like the CCI, DMI, MACD and Oscillator) are very positive and now depict the obvious indications of Inari’s eventual move towards much higher levels.
=========================

We expect Inari to remain very well sought after on dips towards its support levels of RM2.31, RM2.54 and RM2.78. It may attract minor profit taking at the resistance levels of RM2.85 and RM2.87. Its upside targets are now located at RM3.31, RM3.69, RM3.82 and RM4.51. "

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Key takeaway from The Edge Business and Market write-up on 28 march :

" Due to the firmer tone for the KLCI, we are recommending a chart “buy” on Inari Amertron Bhd, which broke above the RM1 billion market capitalisation mark on March 7 after our weekly write-up in October 2013 when the market capitalisation was just about RM560
million. The strong rise in the stock can be attributed to investor optimism on its future earnings potential as well as the potential transfer to the Main Market of Bursa Malaysia.


Its chart has moved into very strong daily, weekly and monthly uptrends to its recent March 2014 high of RM2.87. As it broke above its recent key critical resistance levels of RM2.31 and RM2.54, look to buy Inari on any dips to its support areas as the moving averages
depict very firm short to medium term uptrends for this stock. The daily, weekly and monthly indicators (like the CCI, DMI, MACD and Oscillator) are very positive and now depict the obvious indications of Inari’s eventual move towards much higher levels.
=========================

We expect Inari to remain very well sought after on dips towards its support levels of RM2.31, RM2.54 and RM2.78. It may attract minor profit taking at the resistance levels of RM2.85 and RM2.87. Its upside targets are now located at RM3.31, RM3.69, RM3.82 and RM4.51. "

Consolidation is great for Inari. It has being doing that (consolidation) consistently in the past and that has allowed Inari to move up wave after wave for a year now !
BTW, for Inari to reach PE 19, the px should be RM3:80 or more ! But do not be surprised, if it exceed PE 20, 25 or ... Look at Dsonics's PE trend. For stock with strong earning ,good
prospect and a great management team , this can happen. Watch it with an eagle eye.

Those of you who were around in Dec 2013, ie al-investor, chongway, 5126 etc ..Inari absorbed a slew of positive news then, without moving much. We were anticipating a Tsunami..but as it turn out Inari has a life all of its own. It was quietly building a Perfect Storm that was finally unleashed this week ! Wow..what a fireworks !
Like all major storm it comes in several waves/series. Hold tight and enjoy the show ! PTL.


My posted dated 16Feb might need to be revised : what do you think ?
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++


My take is : Inari will hit RM2.8 (PE=15) by March14 and RM3.5 (PE=19) by May14 !!!

And here's why :

(1) FY14 EPS of 18.75sen (assuming a 5% growth per qtr on PAT and 20% warrant conversion)
(2) Globetronic current TP = RM4.19 with PE of 18plus !
(3) Avago n Agilent current PE range from 27 to 28 !
(4) Inari is already into 2nd half fiscal 2014 , with end of fiscal yr in June,a mere 4 months away !
( While Globetronics is just starting their fiscal 2014..) Inari's data/forecast is a lot more firm.
(5) WW economy recovery is stable, in particular US market and specifically the electronics/semicon industry.


++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

volume finally coming...major fireworks beginning !

2.50 is merely 13% away..highly possible with current environment. With the MB announcement..2.80 should be within reach too by March !.

Gemlover and Farmjenny, I have some data to share with you on current shareholder list. Do write to following
email for my response..edkfc@hotmail.com.

Gemlover, good to note u r back. I read the Koon YY's post too and felt ok, somehow. The chairman of Xingquan is open and seems very conservative in wanting to preserve cash. It seems it is difficult for companies in China to source for fund and given the uncertainty of the China financial structure a lot of china companies are " stingy" in rewarding sharholders via dividend etc. Howver as CSL's chairman has verbally cmf the 20% dividend...lets wait.

I posted the following for your opinion earlier n is now listed as follow :

Feb 14, 2014 11:40 PM | Report Abuse

Gemlover, did you manage to get a copy of the CSL's latest Shareholder Listing ? I wrote in (Trico service) plus a few phone-call a few weeks ago and was given the run around. Got nothing. Anyone else tried ?

Never failed to be amazed by Inari's performance ! Certainly exceeded my expectation...
my following forecast posted on 16Feb still stand : Enjoy the ride and PTL.


++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Since the key catalyst ( Q2 financial n MB transfer) are due anytime now..lets have some educated creative fun !
My take is : Inari will hit RM2.8 (PE=15) by March14 and RM3.5 (PE=19) by May14 !!!

And here's why :

(1) FY14 EPS of 18.75sen (assuming a 5% growth per qtr on PAT and 20% warrant conversion)
(2) Globetronic current TP = RM4.19 with PE of 18plus !
(3) Avago n Agilent current PE range from 27 to 28 !
(4) Inari is already into 2nd half fiscal 2014 , with end of fiscal yr in June,a mere 4 months away !
( While Globetronics is just starting their fiscal 2014..) Inari's data/forecast is a lot more firm.
(5) WW economy recovery is stable, in particular US market and specifically the electronics/semicon industry.

well, share your note/thoughts with good assumptions..thanks.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

will guys..qtr2 financial out today !

Since the key catalyst ( Q2 financial n MB transfer) are due anytime now..lets have some educated creative fun !
My take is : Inari will hit RM2.8 (PE=15) by March14 and RM3.5 (PE=19) by May14 !!!

And here's why :

(1) FY14 EPS of 18.75sen (assuming a 5% growth per qtr on PAT and 20% warrant conversion)
(2) Globetronic current TP = RM4.19 with PE of 18plus !
(3) Avago n Agilent current PE range from 27 to 28 !
(4) Inari is already into 2nd half fiscal 2014 , with end of fiscal yr in June,a mere 4 months away !
( While Globetronics is just starting their fiscal 2014..) Inari's data/forecast is a lot more firm.
(5) WW economy recovery is stable, in particular US market and specifically the electronics/semicon industry.

well, share your note/thoughts with good assumptions..thanks.

Gemlover, did you manage to get a copy of the CSL's latest Shareholder Listing ? I wrote in (Trico service) plus a few phone-call a few weeks ago and was given the run around. Got nothing. Anyone else tried ?

Avago n Agilent PE are running between 26 to 28 now !!!