INARI AMERTRON BERHAD

KLSE (MYR): INARI (0166)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

2.53

Today's Change

+0.02 (0.80%)

Day's Change

2.52 - 2.59

Trading Volume

8,990,100


63 people like this.

46,018 comment(s). Last comment by fortunefire 4 days ago

newbirds

695 posts

Posted by newbirds > 2014-04-14 20:38 | Report Abuse

Tomorrow sure big gain.

zekuan

533 posts

Posted by zekuan > 2014-04-14 20:46 | Report Abuse

No worry punya lar....got so many of supporter like Mr Axxx, Mr Lxx9, Mr Stxxxl....etc...
Keep "Calm" lar......We c esok/besok lar...
worst come to worst....wet your short pain or continue top up again lar......
Wakakakakakaka............

Risk Trader

3,942 posts

Posted by Risk Trader > 2014-04-14 20:52 | Report Abuse

Next support at 2.41

jackson87

475 posts

Posted by jackson87 > 2014-04-14 20:52 | Report Abuse

Zekuan

By sure our beloved lim Brunei still
Holding it not

Kkekekkekekek

zekuan

533 posts

Posted by zekuan > 2014-04-14 20:58 | Report Abuse

Itu....I tak tau...kite semua orang pun x tu.....
Only he knows....
Mana dia.....buat tak tau shj?? Apa la......

Posted by Alex Leow Sze Shen > 2014-04-14 21:19 | Report Abuse

Technical Analysis 14th Apr: INARI has been trading above its upward sloping 20-Day Moving Average which is a good sign. Furthermore, the next resistance level is quite far at 2.91.

Posted by Alex Leow Sze Shen > 2014-04-14 21:24 | Report Abuse

Dow Futures steaming.....:)

Posted by BURSAMASTER > 2014-04-14 21:51 | Report Abuse

THOSE PANIC SELLERS TODAY WILL SURELY REGRET TOMORROW

Posted by Alex Leow Sze Shen > 2014-04-14 22:19 | Report Abuse

chart still very weak, just hoping for mild rebound only :)

voonyoke

1,036 posts

Posted by voonyoke > 2014-04-14 22:25 | Report Abuse

Luckily I had bought 200 lots today. Would accumulate more when the price drops again.

CHONGWAY

340 posts

Posted by CHONGWAY > 2014-04-14 22:47 | Report Abuse

TIME TO BUY !

acdc

1,421 posts

Posted by acdc > 2014-04-14 22:58 | Report Abuse

Uptrend 15.4.14

lee9fold

4,730 posts

Posted by lee9fold > 2014-04-14 23:19 | Report Abuse

zekuan lost money buying high in inari... now he sour grape everyday make noise... hope price down every 1 lose money tgt with him... HAHAHA... no matter how u make noise we also earning money :D

jackson87

475 posts

Posted by jackson87 > 2014-04-14 23:22 | Report Abuse

Hahah

Zekuan is following lim Brunei 's way

Kelekekekkeekk

Posted by Alex Leow Sze Shen > 2014-04-14 23:28 | Report Abuse

Jangan hanya sayang INARI, mesti CINTA sama dia! :P

Posted by henrytham77 > 2014-04-14 23:31 | Report Abuse

no worry at all...buy

Posted by Al_investor > 2014-04-14 23:35 | Report Abuse

Thx for disposed, accumulate more at discounted price today....

Posted by Al_investor > 2014-04-14 23:37 | Report Abuse

Nasdaq rebound tonight, tomorrow got shows to see... Prepare popcorn to enjoy the shows...

Posted by Alex Leow Sze Shen > 2014-04-14 23:43 | Report Abuse

If Nasdaq can rebound 60 pts tonight, then chances of rebound is very high!

Posted by Equityengineer > 2014-04-14 23:44 | Report Abuse

Ya, already deep green ...

lee9fold

4,730 posts

Posted by lee9fold > 2014-04-14 23:49 | Report Abuse

i can see al_investor and buckbunny is the real winner here

Posted by Starbuck818 > 2014-04-14 23:59 | Report Abuse

Yeah I believe in al_investor, buckbunny, davIdlim85, lee9fold and Alex

Posted by Stevecheahsw > 2014-04-15 00:10 | Report Abuse

director also dispose, rebound may not in near time, tomorrow may limit down...

skyhawk

4,453 posts

Posted by skyhawk > 2014-04-15 00:22 | Report Abuse

bro lee n all kakis...inari is confirmed in correction w4 now.Trade with care.

CHRISSYCONN

Apr 4, 2014 09:06 AM | Report Abuse

connie...a strong confirmation of w4 would be...a close below 2.69 in d next few trading days :P


CHRISSYCONN

Apr 4, 2014 08:58 AM | Report Abuse

changlk....inari now in correction mode(w4) :D

Posted by Stevecheahsw > 2014-04-15 00:31 | Report Abuse

fortunebullz, is not a secret, show me which counter after director disposed their share the next day will limit up? Ratio?

Posted by Stevecheahsw > 2014-04-15 00:44 | Report Abuse

fortunebullz, u bought karex?

EQplusIQ

86 posts

Posted by EQplusIQ > 2014-04-15 02:01 | Report Abuse

Fortune was strong supporter of inari .sold , took profit now talk down to buy cheap .
For someone to say Dow up 150 points and maybe drop 200 is a gambler .some shares no need to look at Dow .look inside yourself

acdc

1,421 posts

Posted by acdc > 2014-04-15 03:58 | Report Abuse

Rebound with double digits....

messiBarca

598 posts

Posted by messiBarca > 2014-04-15 07:51 | Report Abuse

Today up back ?

Posted by henrytham77 > 2014-04-15 07:52 | Report Abuse

150 points today, tomorrow drop 200 points!
good bomoh!!!

Posted by henrytham77 > 2014-04-15 08:06 | Report Abuse

steve, will inari limit down? sure i wont believe it will happen in this moment..i thk any1 got brain ppl here also dont believe....

Posted by JapaneseBeancurd > 2014-04-15 08:47 | Report Abuse

Dow and Nasdaq rebound!

DannyC

166 posts

Posted by DannyC > 2014-04-15 09:05 | Report Abuse

y the buying and selling queue is so low.. usually for inari the queue is more than 100k for single bit.

Arjuna

175 posts

Posted by Arjuna > 2014-04-15 09:18 | Report Abuse

gap up early high 2.69,sell into gap

stockhth

64 posts

Posted by stockhth > 2014-04-15 09:20 | Report Abuse

let them sell first......... collect lower better. in onw to 2 weeks' time........... new TP higher..........

Arjuna

175 posts

Posted by Arjuna > 2014-04-15 09:25 | Report Abuse

they sell first with own stock in hand and buyback without pumping more capital,that's a good trader not caressing the stock like darling

Jackynck

315 posts

Posted by Jackynck > 2014-04-15 09:30 | Report Abuse

no buying power in short term.. dun think this share will bounce bac strongly..

Posted by Alex Leow Sze Shen > 2014-04-15 09:34 | Report Abuse

Inari Amertron Bhd - More Growth and Upside

- 1H14 net profit (NP) surged by 175% YoY, thanks to the earnings consolidation from the newly acquired Amertron. Meanwhile at the top line, if we were to strip out Amertron’s revenue of c.RM226m, revenue still grew organically by 30% YoY to c.RM152m mainly on the back of higher loadings in its RF division. While the enlarged group’s YTD blended OP margin of 13.5% appears to be lower (-5.2ppts YoY due to Ametron’s different product portfolio) as compared to the previous Inari unit, the post acquisition OP margin has, in fact, improved in the 2Q14 (+3.0ppts QoQ) on the back of higher operational efficiency amidst the integration of operations as well as the group’s stringent cost management.

- Radio Frequency (RF) division continued to gain traction. With the ongoing big orders for the group’s RF due to resilient demand for S&T (note that the current utilisation rate (UR) for all of its plants are already at near full capacity), the group intends to increase its assembly capacity by adding another storey in its new plant 5. All in, we believe that its new Plant 5 could increase the RF assembly capacity by another c.20% YoY, which could at least translate into an additional RM9m to the NP assuming an UR of c.85%.

- Optoelectronics segment from Amertron well poised to compliment Inari’s Fiber Optic business. Besides the decent earnings contribution from Amertron, it is also worth noting that Inari’s Fibre Optics segment has benefited in terms of expanded R&D activities from the expertise passed down from Amertron. Meanwhile, with the integration in place, we understand that the group has also achieved higher operational efficiency in the segment.

- Other segments to see meaningful contribution from FY15 onwards. Following by the recent operational breakeven in its 51%-owned subsidiary, CEEDTec (which is the ODM for Electronic Test and Measurement Equipment), we gather that the meaningful earnings with double-digit growth could be seen in FY15 with the new pipeline of products to be introduced to Agilent. Meanwhile on its Fibre Optics division (which focuses on the R&D and production of fibre-optic connectors under its 100%-owned subsidiary Inari South Keytech), its revenue contribution is minimal at this junction given that the division had only started production in Jan 2014. We gather that this could be one of the key revenue contributions going forward in light of the growing demand for high-speed data transfer which fibre optics could provide the best option given its relatively higher bandwidth capacity.

- Other key update. On the listing transfer to Main market, management noted that it is still pending green light from the authority.

- Strong balance sheet to support dividend payout policy of 40%. Post the Amertron acquisition, we understand that the group is still in a net cash position. Coupled with its sustainable earnings profile as well as the good track record of generous dividend payout (DPR of 40% each for the past two years), we believe that the group could offer up to FY15E DPS of 10.5sen translating into a decent dividend yield of 4.0%, assuming a 40% DPR.

- Maintain TRADING BUY with a higher TP of RM3.15 (from RM2.10). We have revised our earlier conservative FY14-FY15 earnings forecasts upwards by 16%-26% to account for: (i) higher revenue underpinned by production expansion as well as (ii) higher EBIT margin on the back of higher operational efficiency. Although the share price has appreciated by 66% since our TB rating (with previous TP of RM2.10) back in December 2013, we still see upside potential of 19% from our new TP of RM3.15. Note that our new TP of RM3.15 is based on a 12.0x FY15 PER (rolled over from the previous 12.0x FY14 PER) which is at +2.0SD level above its 2-year average forward PER. We believe that its premium valuation of +2.0SD is justified given its: (i) earnings stability, which makes it less vulnerable to the semiconductor cyclical volatility, (ii) robust 2-year NP CAGR of 67%, (iii) high exposure to the booming S&T segment amid the tech upcycle.

Source: Kenanga

thesteward

6,783 posts

Posted by thesteward > 2014-04-15 09:35 | Report Abuse

kenanga buy call?

Arjuna

175 posts

Posted by Arjuna > 2014-04-15 09:41 | Report Abuse

resistance 2.66,bears will sell

zekuan

533 posts

Posted by zekuan > 2014-04-15 09:42 | Report Abuse

So.......??

spear

316 posts

Posted by spear > 2014-04-15 09:51 | Report Abuse

This is call market panic over unecessary news. Over reacted time gout get oversold price. Why sell at this time? Inari Amerton Will continue to make more money in the next few quarters. The company is so promising. The contra players selling then investors should buy.

Arjuna

175 posts

Posted by Arjuna > 2014-04-15 09:53 | Report Abuse

KN says Trading buy,meaning speculative buy.
Why Ho Poh Guan don't wait for that target?

spear

316 posts

Posted by spear > 2014-04-15 10:00 | Report Abuse

There may be some ocassion occur where you need emergency money.

spear

316 posts

Posted by spear > 2014-04-15 10:00 | Report Abuse

Market is always driven by emotions. But the true value of a stock will be adjusted over time

Arjuna

175 posts

Posted by Arjuna > 2014-04-15 10:02 | Report Abuse

agree,margin call maybe

Posted by henrytham77 > 2014-04-15 10:06 | Report Abuse

15/04/2014 2.68 TP3.15 +0.47 (17.54%) BUY KENANGA

Arjuna

175 posts

Posted by Arjuna > 2014-04-15 10:07 | Report Abuse

2.68 now,piercing hangman

iioldes

28 posts

Posted by iioldes > 2014-04-15 10:07 | Report Abuse

Abnormal trend. Dispose all inari n inari wa

gerry188

981 posts

Posted by gerry188 > 2014-04-15 10:15 | Report Abuse

Note that inari is on Bursa's approved shortselling list. It certainly looked like a lot of shortselling yesterday.

If it cannot break 2.70 today (heavy buying at this level yesterday), then the counter should continue on its downtrend. If it is Wave 4, the final level for this wave could be 2.00.

In any case, the technicals are extremely bearish with 20dma is at 2.675 and this is the level now that the bulls and bears are clashing over.

Post a Comment