INARI AMERTRON BERHAD

KLSE (MYR): INARI (0166)

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Last Price

2.73

Today's Change

-0.01 (0.36%)

Day's Change

2.66 - 2.74

Trading Volume

8,747,200


63 people like this.

45,993 comment(s). Last comment by masterus 2 days ago

FX Lee

5,194 posts

Posted by FX Lee > 2014-07-11 10:56 | Report Abuse

lee9fold bila ex-date nak right issue?

voonyoke

1,036 posts

Posted by voonyoke > 2014-07-11 10:57 | Report Abuse

FX Lee, not announced yet. Be patient.

Posted by HTP123SYNERGY > 2014-07-11 10:57 | Report Abuse

voonyoke,my total profit >30% already,but I won't sell as it's not easy to find good counter like Inari.Hold tight tight to reap max profit.Hope everyone make money too!Good Luck.

lee9fold

4,730 posts

Posted by lee9fold > 2014-07-11 10:58 | Report Abuse

i think mostly after agm will fix the date...like voonyoke said...wait for further announcement :D

lee9fold

4,730 posts

Posted by lee9fold > 2014-07-11 10:59 | Report Abuse

synergy...wad u said is very true :D

FX Lee

5,194 posts

Posted by FX Lee > 2014-07-11 11:03 | Report Abuse

Inari Amertron has proposed a 1-for-8 rights issue at an indicative price of MYR1.50. The rights shares will come with free warrants at a 1:1 ratio at a MYR2.00 exercise price. We advise investors to subscribe for the rights shares as we believe the proceeds raised (estimated at >MYR100m) will likely be used to expand its core businesses to propel earnings growth in the long run. Hence, we maintain BUY, with our FV still at MYR3.49 (or MYR3.16 ex-rights).

Salient details. The rights price of MYR1.50 represents a discount of 49.1% to its theoretical ex-rights price of MYR2.95, based on its last closing. At its existing share base of 534.8m shares, we estimate that the rights issuance could raise MYR100.3m.
Utilisation of proceeds. Management highlighted that some MYR60mof the proceeds raised will be used to expand its existing businesses, which would involve setting up new plants as well as procuring new equipment. This, in our view, would most likely cater for future growth opportunities within its radio frequency integrated circuits segment, as we have highlighted previously that existing capacity is almost fully occupied at an average utilisation rate of over 85%.
In-the-money warrants. The indicative exercise price of the warrants at MYR2.00 implies a discount of 32.2% over Inari Amertron’s theoretical ex-rights price of MYR2.95. This, in our view, would entice investors to subscribe for the rights as the warrants will be issued deep in the money.On a side note, its major shareholder Insas (INS MK, NR) has agreed to subscribe for its entitlements of the rights shares in full via Insas Technology and Insas Plaza SB.
Maintain BUY. We believe the cash call would help to expand Inari Amertron’s core businesses to propel earnings growth going forward, and advise investors to subscribe for the rights shares. Maintain BUY, with our fully-diluted FV unchanged at MYR3.49 (16x CY15F P/E). Upon completion of the proposed rights issue, our ex-rights FV would be adjusted to MYR3.16. While this may appear to offer limited upside fornow, we will revisit our model upon management’s confirmation of the potential earnings accretion from its new expansion opportunities ahead.

kemfatt

147 posts

Posted by kemfatt > 2014-07-11 11:08 | Report Abuse

Totally agrees. Once in a lifetime to find such a gem.

Posted by Alex Leow Sze Shen > 2014-07-11 11:09 | Report Abuse

kembali mengasak!

Posted by Alex Leow Sze Shen > 2014-07-11 11:10 | Report Abuse

Kehebatan INARI terus ditunjukkan! Bravo! Siapa got beli tadi congrats!

FX Lee

5,194 posts

Posted by FX Lee > 2014-07-11 11:10 | Report Abuse

3.32.............

orange

348 posts

Posted by orange > 2014-07-11 11:10 | Report Abuse

top up at 3.29 procastinate again at 3.26 but its ok. will c it fly back to 3.40

Trisven

301 posts

Posted by Trisven > 2014-07-11 11:18 | Report Abuse

3.34..........inari really never disappointed everyone

FX Lee

5,194 posts

Posted by FX Lee > 2014-07-11 11:18 | Report Abuse

CA UNTUNG LO IF BUY MORNING

lee9fold

4,730 posts

Posted by lee9fold > 2014-07-11 11:18 | Report Abuse

hold tightly...no emotional!

quoted from buckbunny :D

Posted by Alex Leow Sze Shen > 2014-07-11 11:26 | Report Abuse

CA shall pass 0.25 today!

Posted by brutusbeefcake > 2014-07-11 11:27 | Report Abuse

bull trap

FX Lee

5,194 posts

Posted by FX Lee > 2014-07-11 11:30 | Report Abuse

sold off CA at RM 0.225 500 LOT

BUCKBUNNY

1,217 posts

Posted by BUCKBUNNY > 2014-07-11 11:49 | Report Abuse

yes,,,hold tightly....no emotional....invest for long term...

kemfatt

147 posts

Posted by kemfatt > 2014-07-11 12:09 | Report Abuse

Got the CA this morning at 0.19 and disposed at 0.225, just a small greed.

newbie91

396 posts

Posted by newbie91 > 2014-07-11 13:18 | Report Abuse

inari 3.45... ca sure 0.250....

Posted by Wong Chee Meng > 2014-07-11 13:18 | Report Abuse

pass 0.25 only, no, i think can pass 0.275, let see :)

newbie91

396 posts

Posted by newbie91 > 2014-07-11 13:30 | Report Abuse

market no so good, not expected so much...

dalpinia

2,299 posts

Posted by dalpinia > 2014-07-11 13:37 | Report Abuse

Next week will shoot up another round as world cup over....more investors come back ti share market...today is thelast chqnce to but at cheap price now

Harryt30

181 posts

Posted by Harryt30 > 2014-07-11 13:55 | Report Abuse

I just waiting it to break RM3.50. HEHE

zhihao87

271 posts

Posted by zhihao87 > 2014-07-11 14:08 | Report Abuse

i think today inari maybe can go to 3400 ... but ca i think about 240 +-... this morning who lelong lelong sell ca.. sure will cry...

newbie91

396 posts

Posted by newbie91 > 2014-07-11 15:31 | Report Abuse

as usual? 4 o'clock?

zhihao87

271 posts

Posted by zhihao87 > 2014-07-11 15:47 | Report Abuse

maybe next week ... PLS HOLD...dun ply contra!

Posted by Alex Leow Sze Shen > 2014-07-11 16:04 | Report Abuse

Today should be no show, NO 4pm golden hour!

jjasonlim

783 posts

Posted by jjasonlim > 2014-07-11 16:14 | Report Abuse

actually how the share price to adjusted after share right? how it calculate?

BUCKBUNNY

1,217 posts

Posted by BUCKBUNNY > 2014-07-11 16:18 | Report Abuse

ie,,price now 3.30...right issue is 1.50 so 3.30-1.50=1.80..the free warrant strike price is 2.00...3.30-2.00=1.30...1.80+1.30=2.10.../8= 0.26...so after ex-date theoritical price is 3.04.

rosetan

944 posts

Posted by rosetan > 2014-07-11 16:24 | Report Abuse

BUCKBUNNY, 1.80+1.30 = 3.10 not 2.10

tssl74

537 posts

Posted by tssl74 > 2014-07-11 16:34 | Report Abuse

BUCKBUNNY...when is the ex-date?

kny123

232 posts

Posted by kny123 > 2014-07-11 16:38 | Report Abuse

I thought is 3.3x8000 = 26400. entitle 1000 right issue for 8000. 26400+1500 = 27900 . total units 9000 . so price adjusted to 3.1 on exdate ?

rosetan

944 posts

Posted by rosetan > 2014-07-11 16:43 | Report Abuse

kny123, i think that way too.

BUCKBUNNY

1,217 posts

Posted by BUCKBUNNY > 2014-07-11 16:45 | Report Abuse

sorry,,,so 3.10/8= 0.38 so after exdate is 3.30-0.38 =2.92..after ex date price.

Posted by HTP123SYNERGY > 2014-07-11 16:50 | Report Abuse

Closed @3.31.Next week sure "cheong" up to 3.50!Have a nice weekend & enjoy 2014 World Cup final!

Posted by Alex Leow Sze Shen > 2014-07-11 16:53 | Report Abuse

Closing 3.31! Good closing

kemfatt

147 posts

Posted by kemfatt > 2014-07-11 16:59 | Report Abuse

Have a good weekend and enjoy the World cup final.

newbie91

396 posts

Posted by newbie91 > 2014-07-11 17:03 | Report Abuse

enjoy the long holiday....

Posted by King of Mountain > 2014-07-11 17:19 | Report Abuse

I predict next week will downtrend b4 touch TP. Hold tightly.

newbie91

396 posts

Posted by newbie91 > 2014-07-11 17:22 | Report Abuse

is not call downtrend.. consolidated... looking at the volume today... the show not end yet.. TP RM4.2 by year end...

BUCKBUNNY

1,217 posts

Posted by BUCKBUNNY > 2014-07-11 17:30 | Report Abuse

Next week 3.84. CA price at 0.21X4= 0.84 +3.00 = 3.84...

Posted by Equityengineer > 2014-07-11 17:31 | Report Abuse

Most counter is down today .. Yet it's still in positive region ... Next week will inch higher than 3.40 if market sentiment is good ....

Spanish

169 posts

Posted by Spanish > 2014-07-11 17:35 | Report Abuse

Wah. Sumatec up so much today. So sad. Shud buy that.

steady

649 posts

Posted by steady > 2014-07-11 17:59 | Report Abuse

no la. like this: ((3.30x8)+1.50)/9= 3.10. New Warrant = 1.10 because conversion is 2.00

newbirds

695 posts

Posted by newbirds > 2014-07-11 18:21 | Report Abuse

Hold tightly no emotional n sleep well is new phrase haha.....

Posted by King of Mountain > 2014-07-11 19:25 | Report Abuse

New week drop till RM3.15-3.20 only buy :)

zhihao87

271 posts

Posted by zhihao87 > 2014-07-11 19:38 | Report Abuse

king of mountain... Hope u target price will come .. :)

voonyoke

1,036 posts

Posted by voonyoke > 2014-07-11 21:00 | Report Abuse

3.15-3.20, ban ban tan.

steady

649 posts

Posted by steady > 2014-07-11 21:10 | Report Abuse

in fact, nothing is impossible. But based on the trend, 3.20 may be the lowest it can drop.

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