Morning...tut tut...loves this pantun... "tut tut usah berharap serbadk kemabli jadi king.. usah berangan sapura kembali rm1.00 namun bole dream inari back rm3.00 hehe"
Inari Amertron Bhd posted a 10% increase in its net profit for the third quarter ended March 31, 2022 (3QFY22) to RM90.48 million from RM81.95 million in the previous year’s corresponding quarter amid higher revenue growth across all business segments. Its revenue for the quarter grew 5% to RM360.34 million from RM342.93 million a year ago. It proposed a 2.2 sen per share dividend for the quarter. For the nine months ended March 31, its net profit rose 25% to RM304.7 million from RM242.11 million a year earlier, while revenue jumped 13% to RM1.21 billion from RM1.07 billion previously.
Apple is still dropping even though post better results
same for Inari, post better results does not mean share price increase
since share only worth RM0.67 to RM1.00 and trading for RM2.56, no reason to increase price. US Tech is expected to drop another 50%, that would make Inari RM1.25 per which is still over-valued
That also means car, computer etc...all will stall like dead, then the whole world economic can be corrupt deep inside ocean, but why us increase the rate so fast, if according to what I said, means us economy is so bad that make they raise rate? Whats the logic of it???
I3lurker is right. Insas balance sheet only value its associate listed and unlisted companies: Inari, Hohup, DGSB and unlisted companies at RM 446.765 million.
Kenanga said the growth in the smartphone market will likely remain tepid which is evident by the back-to-back decline in global smartphone shipment in 4QCY21 We also noticed that the MoU with China Fortune-Tech Capital (CFTC) to expand into the Chinese market had expired on April 17, 2022
I think Inari should pursue for listing on Nasdaq if they are dropped from FBM KLCI To get global recognition is more important and to attract large cap tech customers.
On a QoQ basis, 3QFY22 revenue fell 14% to RM360mil, which led to core profit contracting 18% to RM88mil.
We view the seasonal decline as normal given that the group’s stronger performance during the calendar year-end typically matches the launch cycles of new products.
On a YoY basis however, 3QFY22 revenue grew 5% while core profit surged by 18%. The increase is primarily driven by: (i) a stronger USD; (ii) 5%-point increase in EBITDA margin to 35%; and (iii) 2.4x Surge in Interest Income From Fund Placements.
The group has declared a dividend of 2.2 sen for the quarter under review, translating to a dividend payout ratio of 94%. However, we view that the high payout ratio will not affect the group’s expansion plans given its robust net cash position of RM2bil (21% of market cap) as of March 2022.
The World Semiconductor Trade Statistics (WSTS) has raised global semiconductor sales growth in 2022 from 8.8% to 10%, reaching US$614bil.
However, we note that global 5G smartphone sales penetration has surpassed 4G since January 2022. As Inari’s sales are concentrated in the smartphone business (65% in 1HFY22), we are of view that the segment’s growth may start to taper as higher 5G smartphone penetration could mean lower demand for upgrades from 4G.
In addition, Inari derived RM98mil or 8% of its 9MFY22 revenue from China. As local regulators remain firm on the zero-Covid policy, we remain cautious on this headwind and its repercussions.
We expect further guidance from management on the lockdown impact and mitigation plan, as well as progress on its segment diversification in an investor briefing later today.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....