Everybody know I phone 6 sales is extremely good,so all suppliers should be doing good too.The downtrend was mainly due to poor market sentiment,if Inari continues to make money,this will reflect in the share price in a matter of time.



[size=4]Short-term rebound!!!![/size]{:4_144:} {:4_155:}

It has noted that the higher demand for its services has enabled the group to benefit from improved production capacity utilisation and greater economies of scale.

“The name of the game is (capacity) utilisation; it's our business objective to improve capacity utilisation to maximise operating margin and achieve better cost efficiencies,” Lau explains.

The total interim dividend declared by Inari stood at 1.7 sen per share for the six months to December 2012, which is slightly better than the 1.2 sen per share over the previous corresponding period.

Inari has a dividend policy of up to 40% of group net profits to its shareholders. Market observers says the company stands out as one of the top dividend-paying counters on the ACE Market.

As at Dec 31, 2012, Inari had RM39.17mil in cash and cash equivalents, while short-term and long-term borrowings stood at RM13.41mil.

On whether Inari has plans to upgrade its listing status to the Main Market over the medium term, the management reckons that it is only a natural progression to do so.



Mr. Lau Kean Cheong serves as Chief Executive Officer of Inari Amerton Bhd since July 15, 2011. Mr. Lau holds a Diploma in Electronics Engineering from Tunku Abdul Rahman College, Kuala Lumpur and is a graduate of University of Warwick, the United Kingdom, with a Master in Science (MSc) in Information Technology for Manufacture.

Mr. Lau started his career in 1991 at [b]Intel Penang[/b], followed by KESP Sdn Bhd, Penang in engineering positions. He joined the [b]Globetronics Technology Berhad Group[/b] in 1996 as a Senior Engineer and progressed within the [b]Globetronics Group to become Senior Vice President of Iso Technology Sdn Bhd[/b], a wholly-owned subsidiary, before joining Inari Berhad.

He has about [b]20 years of working experience[/b] in the electronics manufacturing services (EMS) industry and has experience in heading EMS operations including primary responsibilities [b]in top and bottom line performance and managing customer relationships.[/b]


Seng Chuan Tan
Dr. Tan Seng Chuan serves as Managing Director, Executive Director of Inari Amerton Bhd since September 21, 2010. He oversees the Group’s new business development and risk management. He is also an Executive Director of Insas Berhad. Dr. Tan graduated with [b]First Class Honours in Mechanical Engineering[/b] from the Imperial College, UK, in 1978. Dr. Tan also obtained a Masters and PhD in Engineering Science in 1981 and 1983, respectively, from [b]Harvard University, USA.[/b] Dr. Tan has experience in the IT industry. As an IT consultant, Dr. Tan had worked on edge software and hardware development projects with [b]many companies in the global IT industry[/b] prior to joining Insas Berhad in 1997 where he currently heads the Technology Division.



Phon Guan Ho
Mr. Ho Phon Guan serves as Executive Director of Inari Amerton Bhd since September 21, 2010. He is in charge of the Group’s technologies and customer relations. Mr. Ho graduated with a Bachelor of Science (Hons) in Electrical and Electronics Engineering Degree from Thames Polytechnic (University of Greenwich), London, in 1978, a Masters of Science in Industrial Management from the University of Birmingham, UK, in 1979 and a Master of Business Administration from the University of Santa Clara (University of Sta Clara), California, US in 1985. Mr. Ho has more than 30 years industrial experiences in the semiconductor manufacturing and assembly, hard disk drive manufacturing and PCBA contract manufacturing, where he has held various engineering and managerial positions in a number of MNC’s.



Mang Lee Mai
Mr. Mai Mang Lee serves as Executive Director of Inari Bhd since September 21, 2010. He is in charge of the Group’s facilities, equipments and government matters. He graduated from Institut Teknoloji Butterworth, Pulau Pinang with an Engineering Diploma in Mechanical Engineering in 1980 and holds an MS Eng, UK (Society of Engineers) from the [b]Society of Engineers[/b] issued in 1979. After graduation, he worked at [b]Intel Technologies’ testing plant for five years. [/b]He also spent 23 years in electronics manufacturing related companies, such as [b]Motorola and Sony[/b].


3位董事都是老将，业务没有大问题，希望各位帮我广传出去，让更多散户知道这个讯息，以防止人踩人现象继续发生。。。。

AVAGO QUARTER REPORT财务报告美美啊！！！！！！！！
[url]http://investors.avagotech.com/phoenix.zhtml?c=203541&p=irol-newsArticle&id=1961950[/url]


and price quote here :
[url]http://money.cnn.com/quote/quote.html?symb=AVGO[/url]

It is just market sentiment.
Inari contract with AVAGO is USD denominated and as Dollar appreciated Inari Amerton Bhd poised to gain currency exchange profit from it.

So instead margin squeezed we can expect INARI earning will be higher.


Have confidence in Inari,all fundamentals are still intact.I'll hold on to Inari as long as it's still performing well.Will subscribe the right issue too despite current volatility.

Inari aims to breach the RM1bil-revenue mark within 3 years
Saturday, 23 March 2013

post一些旧闻，希望不要再人踩人。。。。
定军心。。。。。。。。。。。。。


BEING in the right technology at the right time has served ACE Market-listed Inari Amerton Bhd well. It has enabled the Penang-based electronic manufacturing services (EMS) company to weather the global economic uncertainties and grow steadily over the last couple of years.

Incorporated in 2006, Inari, which specialises in the production of end-to-end semiconductor packaging services for radio frequency (RF) chips for the wireless and mobile technology sectors, has been riding on the robust growth of global smart mobile devices to sustain its revenue and profitability growth.

“It's all about being in the right technology,” Inari executive chairman Dr Tan Seng Chuan tells StarBizWeek.

“There is no major risk in the smart device area (the industry in which we serve); the industry is expected to continue growing robustly for the next few years, and this bodes well for us,” he says.

At present, Inari has four manufacturing facilities in Penang that produce key components used in leading brands of smartphones and tablets. These facilities come with a combined capacity of up to 1.3 billion parts per year.

Revenue to growthree-fold

As part of its expansion plan, Inari is set to complete its acquisition of a company double its size the Philippines-based Amertron Inc (Global) Ltd by mid-June this year. And in line with this development, the company has also proposed to change its name to Inari Amertron Bhd, which if approved at an EGM to be held on Friday in the week ahead, will take effect upon completion of its acquisition of Amertron.

Amertron is Inari's second major acquisition since the latter made its Bursa Malaysia debut in July 2011. Inari had earlier bought a 51% stake in Ceedtec Sdn Bhd, which supplies electronic test and measurement equipment for Agilent Technologies Inc.

On whether the company would continue to pursue the merger and acquisition (M&A) path to grow its business, Tan says, “I think we need to take a few months to digest our acquisition of Amertron before deciding on our next step of growth.”

He, however, stresses that Inari is always on the look out for opportunities for M&A, even though it does not have any specific target at the moment.

Inari's management says the proposed acquisition of Amertron makes sense for the company. For one thing, the US$32mil (RM100.1mil) will widen Inari's reach in the EMS segment and immediately make it a significant player in the global optoelectronics market.

This represents a diversification of sorts for the company, which has for the past few years focused much on RF chips.

“The acquisition gives us immediate entry into the fast-booming Philippines market, and it will put us in a good position to compete effectively in the high-tech EMS space,” Tan explains.

The company has proposed to issue 84.2 million new ordinary shares to raise RM30.3mil and 11.52 million redeemable preference shares with 34.6 million free five-year warrants to raise about US$11.52mil to part-finance its acquisition of Amertron. This is one of the proposals the company is seeking shareholders' approval at the coming EGM.

Amertron currently has three EMS plants, producing 500 million parts such as optical sensors, infra-red sensors, light-emitting diode displays and fibre optics per year for the global aerospace and military microelectronics industries. Two of the plants are located in the Philippines and another in China.

Amertron's plants boast a combined staff strength of about 3,700 as opposed to Inari's current staff strength of around 1,350. The acquisition of Amertron, therefore, is expected to help alleviate Inari's talent and skill shortage, Tan says.

More significantly, Inari's management expects the business synergy resulting from the acquisition of Amertron to immediately boost Inari's revenue growth by three-fold.

According to Inari Amerton Bhd CEO Lau Kean Cheong, the company's target is to grow its revenue to RM600mil from around RM200mil presently in the medium term, and to breach the RM1bil revenue-mark within three years.

Steady dividends

Inari's revenue for the first half of its financial year ending June 30, 2013, stood at RM116.7mil, which represented a growth of 23% from RM95.14mil in the previous corresponding period. Its revenue growth was attributable to higher trading volumes and orders from its customers.

During the period in review, Inari's net profit saw a significant increase of 63% to RM16.51mil from RM10.15mil in the previous corresponding period. That translated into an earnings per share of 4.91 sen for the first half, compared with 3.12 sen for the same period last financial year.

The company says it expects to remain profitable through 2013, supported by sustained global demand for smartphones and tablet computers.

Genting Malaysia - Decent end to the year
Date: 28/02/2014

Source : CIMB
Stock : GENM Price Target : 5.70 | Price Call : BUY
Last Price : 4.19 | Upside/Downside : +1.51 (36.04%)

Back

Target RM5.70 (Stock Rating: ADD)

GENM's FY13 was above expectations with core net profit 5% above our estimates and within consensus expectations because of the favourable 4Q13 VIP hold rate at Resorts World Genting (RWG). We are not revising our forecasts and more comfortable with our FY15 EPS (25% above consensus) following management's confirmation during the 4Q13 results conference call that the additional 1,300 rooms will be opened in early 2015. The additional rooms and the follow-through capex for the Genting Integrated Tourism Plan (GITP) are potential catalysts. Our Add recommendation and RNAV-based target price are maintained. GENM is our top pick in the Genting group.

Resilient RWG
The key takeaway from the 4Q13 results was that GENM's EBITDA rose by a healthy 10% to RM544.7m despite the adverse underlying metrics- arrivals fell by 4% yoy in 4Q13 and hotel occupancy dropped to 85% in 4Q13 (vs. 96% in 4Q12) following the closure of the outdoor theme park. After adjusting for the favourable VIP hold rate, 4Q13 EBITDA would still be up by 7% yoy due to the higher VIP betting volumes and resilient mass gross gaming revenue (GGR). RWG is demonstrating its unique quality as a domestic casino monopoly and alternative VIP destination to Singapore.

UK and US riding economic recovery
The results of GENM's overseas operations were within expectations, at 17% of adjusted EBITDA in FY13. The UK operations compensated for the surprise losses of RM69m in 4Q13 from Resorts World Bimini, which is still ramping up after its opening in Jun. The 4Q13 adjusted EBITDA for the UK business doubled to RM92.5m, thanks to the favourable VIP hold rate and continued recovery in the UK economy. 4Q13 visitation was up 18% yoy for the London casinos and 35% yoy for the provincial properties.

Shares should re-rate as we get closer to FY15
We expect single-digit earnings growth for GENM in 2014. Although the losses in Bimini should subside and the US and UK operations will be supported by the economic recovery, we continue to be wary of cost pressures for RWG due to the implementation of the minimum wage and disruption to the business from the GITB rollout. We expect GENM's share price to re-rate for FY15 onwards, when its rising room and gaming capacities start to unlock value.

Source: CIMB Daybreak - 28 February 2014, Full PDF Report

BJCORP-WB (3395WB)
0.165

r u talking this one???
ryan7642