Posted by jeannie > 2015-03-10 12:11 | Report Abuse

today very sui liow...

Posted by martinbartesque > 2015-03-10 12:35 | Report Abuse

Inari Amertron Bhd's 5m shares were transacted at discount of 13.8% below the market price in an off-market deal on Monday. Stock market data showed the shares was transacted at RM2.80 each. The transaction was at a discount of 45 sen below the midday price of RM3.25. Inari's subsidiaries are involved in the electronics manufacturing services (EMS) industry, principally back-end semiconductor packaging, which comprises of back- end wafer processing, package assembly and radio frequency final testing for the electronics and semiconductor industry. (Starbiz)

Posted by martinbartesque > 2015-03-10 12:36 | Report Abuse

good or bad?

Posted by martinbartesque > 2015-03-10 22:34 | Report Abuse

US Dow is dropping 226p now

Posted by 林俊松 > 2015-03-10 22:37 | Report Abuse

Tomorrow panic selling~

Posted by martinbartesque > 2015-03-10 22:42 | Report Abuse

USD is very strong. Abt RM3.704 It is gd for Inari business.

Posted by martinbartesque > 2015-03-10 22:43 | Report Abuse

If macro market is not good, sure Inari will be affected too.

Posted by voonyoke > 2015-03-11 11:53 | Report Abuse

Buy on dip

Posted by martinbartesque > 2015-03-11 13:41 | Report Abuse

• A Shariah-compliant growth stock riding on near-term growth of smart-devices and long-term growth of big data.
• We are upbeat on Inari’s new installed capacity to provide better scale, growth prospects and new business proposition.
• Reiterate BUY with an unchanged TP of MYR3.95, pegged on 16x CY16 PER. This offers a 20% upside and 2+% yields.

What’s New

We recently hosted Inari Amertron on a 2-day Non-Deal Roadshow (NDR) in Hong Kong. The management team was represented by Lau Kean Cheong (CEO) and Ho Phon Guan (Executive Director).

What’s Our View

Institutional funds were generally receptive towards Inari’s nearterm growth which rides on bigger orders for its RF division from its major customer, Avago Technologies (AVGO US, Not-rated), which accounts for more than 90% of revenue. Queries were mostly on Inari’s (i) single-customer risk and mitigating strategies, (ii) capacity expansion, (iii) next growth catalyst, (iv) USD sensitivity.

Inari’s partnership with Avago blossomed even before its IPO in 2006 with Avago Malaysia holding a 13.5% strategic stake pre-IPO. Over the years, despite the exit of Avago as its shareholder, the working partnership has grown; Inari is today the largest test house for Avago’s RF products. While Avago remains its largest customer because of fast-growing outsourcing works, Inari has diversified its customer portfolio to include OSRAM and Agilent in recent years.

Going forward, Inari expects additional outsourcing of newer products by Avago following its recent acquisition of connectivity solution/enterprise storage related assets (i.e. CyOptics, LSI, PLX Technology, Emulex). For this, Inari’s wholly-owned ISK and Amertron are equipped to support fibre-optics related products. Further strengthening of the USD also benefits Inari which is a net exporter in USD (90%/70% of its revenue/COGS in USD) - every 1% change in the MYR/USD is a 2.3% change to earnings.

Source: Maybank Research - 11 Mar 2015

Posted by martinbartesque > 2015-03-11 14:36 | Report Abuse

If based on currency rm3.25 in Q4 14 and rm3.65 in Q1 15, its Q1 15 profit wil b up 28%.

Posted by martinbartesque > 2015-03-11 17:49 | Report Abuse

Although I still have profit after today's drop, but I never think to sell it. I still hold it firmly until Q1 15 earning report is out in middle May. Be patient.

Posted by cheer76 > 2015-03-11 19:27 | Report Abuse

11/3...477.3K units...dispose
10/3...570.0K units...acquire
04/3...177.0K units...dispose
03/3...3,194.5K units...acquire
02/3...902.25K units...dispose
27/2...1,028.4K units...acquire

Activity by EPF

Posted by jjasonlim > 2015-03-11 21:06 | Report Abuse

Where you get this info?

Posted by voonyoke > 2015-03-12 10:25 | Report Abuse

With every 1% change in MY/USD is a 2.3% change in earning, from last quarter, the average is 3.27. and for this quarter, it could be 3.60 for average. Therefore there is 0.33/3.27 = 10% change, there will be additional 23% more in the earning, not including the expansion of the production. It will be at least 30% increment net profit for this quarter compared with last quarter.

Posted by voonyoke > 2015-03-12 11:44 | Report Abuse

Inari is largest test house for Avago’s RF products
Inari Amertron Bhd
(March 11, RM3.20)
Maintain buy with a target price (TP) of RM3.95: We recently hosted Inari Amertron on a two-day non-deal roadshow in Hong Kong. The management team was represented by Inari chief executive officer Lau Kean Cheong and executive director Ho Phon Guan.

Institutional funds were generally receptive towards Inari’s near-term growth which rides on bigger orders for its radio frequency (RF) division from its major customer, AvagoTechnologies Ltd (not-rated), which accounts for more than 90% of revenue.

Queries were mostly on Inari’s single customer risk and mitigating strategies, capacity expansion, next growth catalyst and US dollar sensitivity.

Inari’s partnership with Avago blossomed even before its initial public offering (IPO) in 2006 with Avago Technologies (M) Sdn Bhd holding a 13.5% strategic stake pre-IPO. Over the years, despite the exit of Avago as its shareholder, the working partnership has grown — Inari is today the largest test house for Avago’s RF products.

While Avago remains its largest customer because of fast-growing outsourcing works, Inari has diversified its customer portfolio to include Osram Opto Semiconductors GmbH and Agilent Technologies Ltd in recent years.

Going forward, Inari expects additional outsourcing of newer products by Avago following its recent acquisition of connectivity solution or enterprise storage related assets (that is CyOptics Inc, LSI Corp, PLX Technology Inc, Emulex Corp).

For this, Inari’s wholly-owned Inasri South Keytech Sdn Bhd and Amertron Inc (Global) Ltd are equipped to support fibre optics-related products.

Further strengthening of the US dollar also benefits Inari which is a net exporter in US dollars (90% or 70% of its revenue is in the green back), with every 1% change in the RM/US dollar exchange rate is a 2.3% change to earnings. — Maybank Investment Bank Bhd, March 11

Posted by benson911 > 2015-03-12 13:01 | Report Abuse

Those interested with Inari's growth prospect, better alternative added with good margin of safety is to consider buying in Insas.....truly undervalue...............check it out..........

Posted by truthseeker1 > 2015-03-12 13:04 | Report Abuse

Yes the bankers promote it hence retailers buy. On the other hand EPF and Thong selling? Who is right?

Posted by Farge168 > 2015-03-12 15:26 | Report Abuse

Who keep on selling?Directors or EPF?Anyway,can't be small fishes.

Posted by voonyoke > 2015-03-12 16:02 | Report Abuse

It could be directors or EPF or both. Nevertheless, there is someone collecting.

Posted by voonyoke > 2015-03-12 16:10 | Report Abuse

Let's see buying force is stronger or selling force is stronger.

Posted by voonyoke > 2015-03-12 16:11 | Report Abuse

But in the end, Inari price must be in up trend due to the better and better quarter result.

Posted by bearbear66 > 2015-03-12 16:46 | Report Abuse

there have somebody sell a lot of out to push down the price then will buy back more to get more earning...

Posted by martinbartesque > 2015-03-12 17:23 | Report Abuse

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities

Price Transacted (RM)

Acquired 09/03/2015
350,500

Circumstances by reason of which change has occurred Acquisition of shares in the open market
Nature of interest Direct
Direct (units) 38,975,987
Direct (%) 5.46
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Total no of securities after change 38,975,987
Date of notice 10/03/2015

Posted by martinbartesque > 2015-03-12 17:23 | Report Abuse

Above was for EPF

Posted by voonyoke > 2015-03-13 10:08 | Report Abuse

RHB maintains Overweight on Technology sector, top picks Prestariang and Inari

KUALA LUMPUR (March 13): RHB Research has maintained its “Overweight” rating on the technology sector and said it expects the continued weakness in the ringgit to US dollar rate to support sentiment in the near term.

In a note today, the research house said that over the medium term, it remains positive on the global sales of smart devices on cheaper price points and the introduction of new flagship models.

“Our Top Buys are Prestariang Bhd ( Financial Dashboard) and Inari Amertron Bhd,” it said.

Posted by voonyoke > 2015-03-13 10:56 | Report Abuse

Break through 3.30. It is good if it could stay above 3.30 today.

Posted by TomyamGong > 2015-03-13 13:38 | Report Abuse

Inari is still under a high growing steps. However if EPF putting effort to sapu now, I don't think price will grow now as many investors are selling now since thunderstorm is coming. Look at how Malaysia economic then u should be able to found out how good is their strategy of buying shares.

Posted by martinbartesque > 2015-03-13 14:57 | Report Abuse

http://klse.i3investor.com/blogs/rhb/72659.jsp

Posted by martinbartesque > 2015-03-13 14:57 | Report Abuse

RHB increases TP from 3.41 to 3.74

Posted by cheer2015 > 2015-03-16 15:03 | Report Abuse

nouncement Date Transaction Date
13/3...545.4K units... acquire...10/3
13/3...62.5K units... dispose...10/3
12/3...350.5K units...acquire...09/3
11/3...477.3K units...dispose...06/3
10/3...570.0K units...acquire...05/3
04/3...177.0K units...dispose...04/3
03/3...3,194.5K units...acquire...03/3
02/3...902.25K units...dispose...02/3
27/2...1,028.4K units...acquire...27/2

Activity by EPF

Posted by voonyoke > 2015-03-16 22:16 | Report Abuse

Avago hit 129, up 3.5%. How about Inari tomorrow?

Posted by jjasonlim > 2015-03-16 22:56 | Report Abuse

INARI never folo the trend Avago

Posted by Farge168 > 2015-03-17 11:53 | Report Abuse

Today is dividend payment day!!

Posted by Farge168 > 2015-03-17 15:42 | Report Abuse

Today can close@3.30??

Posted by martinbartesque > 2015-03-17 17:43 | Report Abuse

when will earning report of Q1 2015 be out? I thought is in May, but newspaper ever stated in April. Pls share.

Posted by Koay Yi Chuan > 2015-03-17 17:49 | Report Abuse

Which paper? Pls specify

Posted by cheer2015 > 2015-03-17 18:03 | Report Abuse

Anouncement Date Transaction Date
17/3...1,419.5K units...acquire...12/3
13/3...545.4K units... acquire...10/3
13/3...62.5K units... dispose...10/3
12/3...350.5K units...acquire...09/3
11/3...477.3K units...dispose...06/3
10/3...570.0K units...acquire...05/3
04/3...177.0K units...dispose...04/3
03/3...3,194.5K units...acquire...03/3
02/3...902.25K units...dispose...02/3
27/2...1,028.4K units...acquire...27/2

Activity by EPF

Posted by cheer2015 > 2015-03-17 18:07 |

Post removed.Why?

Posted by martinbartesque > 2015-03-17 20:43 | Report Abuse

From RHB-OSK source on 13 March 2015. The MYR factor. The recent weakness of the MYR against the greenback should help to improve Inari Amertron’s (Inari) earnings growth when its 3QFY15 (Jun) results are released in April.

Posted by martinbartesque > 2015-03-17 20:44 | Report Abuse

Above 3QFY15 is referred to Q1 2015. Above stated results will be released in April.

Posted by Koay Yi Chuan > 2015-03-17 20:55 | Report Abuse

Likely in May, not April. Rhb is just analyst report, not official.

Posted by martinbartesque > 2015-03-17 21:03 | Report Abuse

EPF share ownership becomes 5.7% now. Good sign.

Posted by 沧海桑田 > 2015-03-18 10:58 | Report Abuse

https://brokingrfs.cimb.com/KRVyDj4R44XYF8Br856zTLTU0WzE7DlKQdC0uSrtULxf4tGnHpFA35WMT2dkZG086OhsvtIUlNkhwg2.pdf

Posted by cheer2015 > 2015-03-18 13:47 | Report Abuse

What are the differences and similarities between the Gtronic and Inari business?

Posted by Farge168 > 2015-03-18 14:32 | Report Abuse

Datuk T,steady,sell slowly,please........

Posted by martinbartesque > 2015-03-18 20:58 | Report Abuse

I know this company is good. How come the director keeps selling his share?

Posted by iamrich > 2015-03-19 15:47 | Report Abuse

What is actually the status of 'Other' in the Director transaction page? What does it mean? Anybody knows please?

Posted by martinbartesque > 2015-03-19 17:46 | Report Abuse

Quite desperate with this counter. KLCI is up a lot within these two days, but this counter still about the same. Quite difficult for it to be up. When it is going to be up due to heavy buying, then selling pressure came behing. EPF can't keep buying it everyday if Datuk keeps selling it every day.

Posted by martinbartesque > 2015-03-19 17:51 | Report Abuse

Will consider to sell part of it in early April if the current buying & selling condition still persist until end March.

Posted by angku > 2015-03-19 22:46 | Report Abuse

internal control