In terms of shipment volume growth for smartphones, market research group,
CCS Insight forecasts global smartphone shipments to grow from 1.48bn units
in 2015 to 2bn units by 2019, a CAGR of 7.8%. This is expected to be largely
driven by faster growth of 4G-enabled smartphones which are projected to
increase from 670m to 1.29bn units in 2019. Meanwhile, another market
research group, IDC is projecting a higher 2015-19 CAGR of 8.2% for
smartphone shipments.

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In addition, Cisco forecasts that mobile video will continue to be a major key
driver for data traffic growth through 2019 due to higher bit rates required for
mobile video compared to other applications such as web data, audio streaming
and file sharing. Mobile video data is expected to notch up a 66% CAGR for
2014-19, the highest growth rate of any mobile application.
We expect the projected exponential growth in mobile data to drive demand for
next-generation mobile devices and network infrastructure. This bodes well for
RF component manufacturers like Inari-Amertron as rising mobile data
connectivity will require complex and miniaturised RF components to carry out
more processes and applications.

RF chips in growth
OUTLOOK
Exponential mobile data growth
According to the Cisco Visual Networking Index report, global monthly mobile
data traffic volume is projected to grow from 2.5 Exabytes (EB) in 2014 to 24.3
EB in 2019, or 57% CAGR, driven by higher data traffic volume from wireless
connected devices such as smartphones and tablets. In 2014, Cisco reported
that global mobile devices and connections increased by 7% to 7.4bn.
Cisco expects global mobile devices and connections to reach 11.5bn in 2019,
which works out to a 2014-19 CAGR of 9%. It estimates 8.2bn handheld or
personal mobile-ready devices and 3.2bn machine to machine (M2M)
connections in 2019 (e.g. GPS systems in cars, asset tracking systems in
shipping and manufacturing sectors or medical applications making patient
records and health status more readily available, et al.).

RF chips in growth
Inari-Amertron is on a multi-year expansion driven by strong radio
frequency (RF) demand on the back of rising 4G network adoption and
exponential mobile data growth. Inari is our new sector top pick due to
its attractive valuation and better leverage to the smartphone segment.
We begin coverage with an Add rating
and target price of RM4.50, based on
16x CY16F P/E, a 20% premium over
the sector average of 13x, in view of its
projected strong FY14-17 net profit
CAGR of 36% and attractive PEG of
0.4x, a 30% discount to the sector
average of 0.6x. Potential re-rating
catalysts include higher RF content
growth per smartphone and
sustainable margin expansion at
Amertron.
Multi-stage earnings growth
The group’s earnings track record
since 2011 has been exceptional. Core
net profit surged from RM19.4m in
FY11 to RM99.2m in FY14, partly due
to robust industry demand, its
operational excellence and
earnings-accretive deals such as the
acquisitions of Ceedtec and Amertron
which helped diversify its product
portfolio and client base. We expect
the growth to continue, driven by
stronger contribution from new and
existing product lines. While earnings
growth is likely to slow to 27% in FY16
due to a gradual increase in capacity
and higher start-up costs related to
wafer chip fab operation, we expect
FY17 earnings growth to rise to 30%,
fuelled by higher contribution from
RF, wafer chip fab and Amertron
following its capacity expansion drive.
Robust demand for RF
RF will remain the group’s major
growth driver as we expect RF
component shipment volume to rack
up a 30% CAGR for FY14-17 following
capacity expansion at the P13 plant.
We forecast RF earnings contribution
to the group to increase from 60% in
FY14 to 66% in FY17. We think this is
achievable given the robust demand
for RF components in smartphones
and tablets from emerging markets
like China due to the transition
towards the 4G network.
Driven by 4G penetration
GSMA Intelligence forecasts global 4G
mobile penetration to surge from 26%
in 2014 to 63% in 2020. In our view,
this bodes well for component
manufacturers such as Inari as rising
mobile data connectivity and faster
network requirements should fuel
demand for advanced and
miniaturised RF components in
mobile devices. These advanced RF
components also offer better margins
given the higher dollar content. For
example, DTR Research estimates the
total dollar content for RF in the
iPhone 6 model to be 4x that of the
previous general 3G smartphone.

why this counter active a little today n yesterday? anything new news is coming ha guys??

http://www.insage.com.my/Upload/Docs/DSONIC/15-July-02-Datasonic%20RHB%20Analyst%20Report.pdf

http://www.fundsupermart.com.my/main/home/index.svdo

http://klse.i3investor.com/servlets/pfs/47860pub.jsp

RINGGIT should recover also first

Posted by ImCK > Jul 1, 2015 10:04 AM | Report Abuse

see i said market bull run liao superbull coming soon



NOT that fast yet

Dear Members, Friends & Visitors to Kiasutrader



We have re-posted our analysis on Asiapac which was earlier posted in the Kiasutrader Premier Club section of the website, www.kiasutrader.com in the Technical Analysis section under the heading, "Posted Earlier : Asiapac reported great results - Buy, Buy Buy?" All Members can access this report now.


and yesterday evening we posted the analysis on Hovid in the Kiasutrader Premier Club for our Club Members to access, under the heading, "Hovid - Is the turnaround real?" which is for our Club Members only.


Also there is an analyst report on Air Asia in the Broker Call section.


Something for everyone today.


Have a good evening.


Best regards

120453 Mentioned in today newspapers, unit 1 of uchpinda TPP wiring all connected awaiting certification for firing. . .

THIS CERTIFICATION IS TAKING UP SO MUCH TIME

They are just delaying up everything

http://www.theedgemarkets.com/my/article/myeg-launches-portal-mymotor-facilitate-online-vehicle-listings-and-deals

facai and angelbooks03, thanks for the info and links

do not tell me koon is also involved????

http://www.theedgemarkets.com/my/article/mudajaya-mulls-legal-action-against-ex-employee-fraudulent-transactions

http://klse.i3investor.com/blogs/kltrader/78626.jsp

murali Do u believe Credit Suisse or Koon Koon??

murali can you please explain to me what is this credit suisse which you had been mentioning a lot? please explain

http://www.theedgemarkets.com/my/article/pmb-tech-capitalising-weak-ringgit-boost-export

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LOOKS LIKE CLEARLY MORE DELAYS TILL 2016

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He added that the 4x360MW coal-fired power plant in Chattisgarh, India is scheduled to be completed and commissioned next year. Mudajaya has a 26% stake in RKM Powergen Pte Ltd, the developer of the power plant.


taken from above edge link, what actually this means??? all 4 next year ha? not this year?

YES I ALSO GOT A REPLY FROM ANALYST, HE IS SAYING THE ARTICLE IS JUMPING THE GUN

this counter won t go up very fast at the moment. must wait for the latest earning report first.. i think most of the smart money SM had left this counter..

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CIMB REPORT------SELLING CLIMAX,,,TARGET PRICE STILL AT 2.04

Selling climax?
Over the past month, IFCA’s share price has halved from the RM1.87 peak in
May 2015. We think that the stock experienced a “selling climax” on Tuesday
morning when close to 50m shares were traded in the first hour. The daily chart
showed the share price rebounding after testing its immediate support
trendline at RM0.79. The daily RSI is also oversold at 26. The weekly chart
shows that the stock is trying to find support at RM0.97, which is the 50%
retracement of the major uptrend. The 38.2% retracement for the stock is at
RM1.18.

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I THINK SC ISSUE UMA SHOULD GO TO CHOW KIT AND BEND DOWN... DAMN STUPID UNEDUCATED ONES THIS SC, SO BODOH

120453 Uchpinda unit I 360KW power supply has actually been included in chhattisgarh (western india) in CEA power supply from may 2015 onwards. Based on 05/15 report, it showed 0kw supply and it should start firing in 06/15. Let's keep our fingers crossed.

thanks for the info

CIMB-------Top 10 new smaller-cap picks

MyEG - The mandatory use of MyEG’s custom service tax monitoring services
(CSTM) Phase 1 (F&B sector) has been postponed to end-Sep 2015. This is not a
bad thing as the delay will allow management to focus on delivery of online
foreign workers working permit renewal services (FWPR). In May, the
government announced that MyEG will be paid RM35 per FWPR by the
government, rather than employers. MyEG is expected to handle at least 2.5m
legal foreign worker permit renewals annually. If all goes well for CSTM Phase 1,
MyEG is expected to launch CSTM Phase 2 (retail sector) at end-2016. The
stock remains an Add, potentially catalysed by the successful launch of CSTM
Phase 1 by year-end and strong earnings from FWPR.
Only World Group remains one of our top picks in the small-cap space. Its
business model is premised on running food service outlets in captive and
monopolistic markets. Genting Highlands is the main driver while Komtar in
Penang will be the second engine of growth. Expansion of the Genting
Integrated Tourism Plan (GITP) and Komtar’s revitalisation will drive 2-year
earnings CAGR of 60%. Over the next 2-3 years, we still see 200% upside to the
current stock price when the GITP and Komtar matures.
Prestariang - 2H2015 should be exciting for the company. Two projects, the
PISA teachers training contract and the strategic project that the company has
been working on over the past year should be finalised soon. Although
management did not indicate the potential size of these two projects, earnings
from these projects should be significant. Existing projects like 3P and IC
Citizen restarted in 2Q15 while the Microsoft MLA2.0 is the single largest
contract won by Prestariang. We continue to rate the stock an Add given the
potential catalysts of success in landing the PAP project and the major
recurring income project, both of which are likely to occur in 2H15.
Salcon is an under-researched and in our view still-undervalued
small/mid-cap water and sewerage contractor. It exhibits the qualities of its
bigger peers in their early years of M&A and is positioned strongly in two major
sectors that drive the domestic construction space. Salcon’s rail-based fibre
optic asset through 50.1%-owned VBT is a concession that is still in its infancy
but offers prospects of dominating the captive rail transport segment. Net cash
constitutes 30% of market cap with 3-year EPS CAGR of 76%. Potential
catalysts include Investors sustained interest in selected undervalued small cap
companies which offer recovering fundamentals, construction job wins, and
VBT's new contracts.
Signature International – The earnings outlook remain strong over the next
few years. Its order book is currently at RM160m and the company is bidding
for a few major projects, the largest being the Country Garden project in
Iskandar. Country Garden’s contract could be as much as RM180m for
Signature. Over the past two years, quarterly profit margin has been widening
due to economies of scale. This trend should help Signature record profits over
the next few years. The stock is an Add, premised on the potential for more
major contracts and its attractive valuation of below 6x P/E for FY16.

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So much negative news so Mr market, is adjusting itself to 1700 level or little lower then this, when the negative news comes then at that time there will be selling but not heavy selling

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But the fu....king probelm is some research houses will simply pump in some negative news in order to speed up the falling knife, some research houses are actually devils example kenanga and others

Strong foreign fund in this counter, since foreign fund is exiting from klse, so this counter is also affected

RINGGIT ALSO IS WEAKENING UP

HOPE THEY DON T DOWNGRADE US BADLY..

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Write a comment..http://www.theedgemarkets.com/my/article/najib-myegs-projected-profit-2015-rm50m

MARKET IS ADJUSTING ITSELF IN ADVANCE, SUSPECTED OF SOME NEGATIVE NEWS COMING, AMONG THEM IS THE DOWNGRADE BY FITCH, BY END OF MONTH.. RINGGIT ALSO BECOMING WEAKER, 1MDB CASE, MAYBE INTEREST RATES RISE IN USA...........GUYS PLEASE GIVE YOUR OWN OPPINION ON FITCH DOWNGRADE, WILL IT HAPPEN ???????? THANKS

dear TCB,, how low can this ifcamsc go down base on your TA ? thanks

what actually is happening to IFCAMSC???? any negative news? anybody please

After sometimes then i will decide if to subscribe

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http://nexttrade.blogspot.com/2015/06/ifcamsc-bird-in-hand.html