Went to AGM today. From what the director said. The RF tester increase around 100++ units from 2017 to 2018 from 700+ unit to near 900 unit this year. Each tester cost from 1-1.6 million usd. Broadcom is increasing the tester to prepare for future expansion. I think this align with your thought. And hope mi and penta will benefit from such trend which is align of what you write about penta. And also Inari is switching IR scanner to VCSEL to support osram for the company that acquired by osram recently.
And Inari is well diversified to health sensor such as biometric sensor, heart beat sensor at smart watch which is one type of opto electronic as well. Not to forget about mini led. However, this two sector won’t contribute significantly.
Inari should have 1 more round of bonus issue 1:2 by end of the year due to the removal of Par value regime change. You can search back 2016 report for the detail.
The share price is adjusted post bonus issue. PE should stay the same.
Inari Q report Briefing, by CIMB and Omighty Capital:
the key highlights
Positive earnings growth for FY 2019 Osram products to contribute 30% in FY 2018 increased to 50% in FY 2020 Flat utilisation for 1Q 2019 and same expectation for 2Q 2019 New products include mini LED, facial recognition chip and health sensor New products to contribute in 2H 2019
"蘋果產品行銷部副總裁Greg Joswiak在最新專訪中堅稱,iXR上市後就是最暢銷機種。 路透社、CNET報導,蘋果產品行銷部副總裁Greg Joswiak 28日在接受訪問時表示,iPhone XR目前是蘋果「最主流的商品、也是最受歡迎的iPhone」(most mainstream product and our most popular iPhone)。他說,自從iXR上市之後,就一直是最暢銷的iPhone機種。 這跟市場先前傳出的消息不太相符。
A lot of fake news in WSJ on Apple Iphone lately. I had terminated the subscription. It is waste of money, I rather spend that on BBC or The Economist.
@unclejoe based on my memory, utilization rate at malaysia factory is around 70% and philippines is 60%, China factory is around 70% if i didn't remember wrongly
iamwen, Thanks a lot! 70% utilisation rate is good for the enlarge capacity. This is inline with UOB's OCT report (see below:The loading volume for Inari’s RF segment is good in October, with utilisation rate of the testing capacity at 65-70% and the assembly capacity at >90%). Current quarter loading is higher than Q1'19.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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unclejoe
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Posted by unclejoe > 2018-11-27 16:36 | Report Abuse
YiSTock, good job! Samsung and all China Tier 1 Handphone makers are gearing up for their 5G flagship handphone release by either Q1 or Q2 2019.