Posted by lizi > 2019-12-19 21:02 | Report Abuse

long term weakness of inari depending on single customer exposed now.

Posted by gemfinder > 2019-12-19 21:39 | Report Abuse

U must hv lost a lot

Posted by LogicTradingAnalysis > 2019-12-20 01:00 | Report Abuse

totally agreed, the market overly react.

Posted by firehawk > 2019-12-20 01:27 | Report Abuse

T4Q Result ( EPS: 5.60, P/E: 30.37 )
Annualized Result ( EPS: 5.96, P/E: 28.52 )

this type of P/E is vulnerable!

Posted by ThemePlay > 2019-12-20 01:39 | Report Abuse

Fulfill 5G theme and investor is interpret with a wrong mindset, prepare to buy aggressively tomorrow. Broadcom is planning to sell off the RF chip unit is a high switching cost for the supplier. Indirectly, this will benefit Inari as their margin will turn higher.

Posted by perseushermes > 2019-12-20 01:50 | Report Abuse

Huge risk : single customer. Some LT shareholders prob thought it was another pentamaster intraday rebound and prob bought for the rebound. Doesn't look good till 1.45 : Prob a punt at 1.45-1.50

Posted by slts > 2019-12-20 05:45 | Report Abuse

RETAILERS dont have so many lots to cause a sell down
on tis large cap stock. its the fund mgrs.
so u think u know better than them, wow

Posted by yahoo > 2019-12-20 05:54 | Report Abuse

Inari fully depend on Broadcom, without Broadcom Inari will be floating without direction. If you notice, all Inari new products also depend on broadcom to award to them. There are many hidden stuffs in most deal. New owner may not need Inari in long term.

Posted by zerosumplayer > 2019-12-20 13:04 | Report Abuse

Inari is just a testing and packaging company that cater most of their services to Broadcom who owns the IP technology for the RF modules. In terms of market share, Broadcom is slightly a head of Qorvo. The fact that Inari is only concentrated on Broadcom instead of producing for other is most likely due to commercial conflict of interest protection imposed by Broadcom. In addition to that, Qorvo has no reason to sub their production modules out since they have their own production line. The only RF competitor to Broadcom that sub their production works to OSATs is Skyworks. But their market share is tiny relative to Qorvo and Broadcom.

If Qorvo buys Broadcom's RF business over, Qorvo will be the single largest marketshare. The likelihood US Antitrust will block that deal would be pretty high too since it reduces competition ( A good example is Broadcom take-over deal of Qualcomm). Plus Qorvo has no reason to buy over since Qorvo already have a strong footing in BAW filters.

Therefore my guess, the potential buyers will be down to either Skyworks or Apple.

If Skyworks buys over, Skyworks existing OSATs doesnt have the necessary capacity to absorb all Broadcom's order. And why would they disrupt and shift everything to them in the first place? Inari has the proven track record and cost effectiveness. Skyworks would be shooting themselves on the foot if they ever do that for causing disruptions. Instead, i think this could also be a blessing for Inari, as they can now even compete with Skywork's existing OSATs for their orders (= more orders).

If Apple buys over, i dont see why Apple need to boot Inari out, since Apple is a software based company, they will still need OSATs to produce for them. Apple has been working with Inari indirectly via Broadcom since the first Iphone. The longterm relationship and trust they build throughout this year all pens down to their capability and cost efficiencies. Assuming Apple is the new boss for the Broadcom's RF business, Inari will still be Apple's Preferred OSATs (another one will be ASE).

With 5G theme coming in play next year, i dont see why Inari should be shaken.

Posted by Mabel > 2019-12-20 23:18 | Report Abuse

zerosumplayer,

I agree with your conclusion

Posted by Mabel > 2019-12-20 23:25 | Report Abuse

@T4Q Result ( EPS: 5.60, P/E: 30.37 )
Annualized Result ( EPS: 5.96, P/E: 28.52 )

this type of P/E is vulnerable!

Many have actually done well...with this PE

Yes, I do believe in PE, However, a lot of people may even get conned if blindly buy based on PE... remember those China shoe company... MSPORTS, very low PE.. RIP.. XINQUAN.. very low PE... also RIP... so many people were trapped..

I am not saying low PE no good, Low PE company are normally very efficient company, very high profit margin from their revenue. However.. most of they time they already reach the limit of their efficiency... can't grow much already. The most they can do is to give you dividend. Every year will more or less report the same amount of profit and give you the same amount of dividend.

But high PE company, depends on why the PE is high. If high PE with shrinking revenue and asset, yes those are bad. BUT... high PE with high revenue growth and high asset growth, these are growth company with plenty of room to grow.

So basically it comes back to two things, dividend and capital appreciation. Usually the later is more tangible.

Of course I have many expensive shares with high PE in my collection like SERBA DINAMIK, Sime Darby Plantation, Sarawak Plantation, TaaNN, TM, Axiata, DiGi, MyeG, Greatec, CIMB, BIMB, KLCCP etc etc

Bottom line you need to be patience and focus on the end game. Inari does fits into the Government and Global master plan for Digital Economy. She is our potential 5G contributors.

Cheers!

Posted by Philip Greta > 2019-12-20 23:26 | Report Abuse

Why is Broadcom trying to sell its RF unit?

Posted by blackchicken > 2019-12-21 11:45 | Report Abuse

BEIJING (Reuters) - China will offer extra financial support to manufacturers next year, the banking and insurance regulator said on Friday, after a run of bond defaults by private firms in the sector.

blackchicken Cheap loans underpin China’s semiconductor sector: OECD

Posted by stncws > 2019-12-21 11:54 | Report Abuse

Lose a lot. this guy...he think share keep going up. no down...

Posted by hooi > 2019-12-21 17:07 | Report Abuse

Inari become unisem. Dying counter

Posted by Jokers2020 > 2019-12-21 17:52 | Report Abuse

since nothing concrete on RF sales yet,inari will still need to carry on to supply the demand and order

Posted by uptrending > 2019-12-21 19:43 | Report Abuse

Any political pressure for Broadcom to sell to ensure supply is cut off to Huawei?

Posted by EatCoconutCanWin > 2019-12-21 20:05 | Report Abuse

Inari is Japanese company. American didn't like Japan.