Posted by Mohd Fahmi Bin Jaes > 2016-04-27 08:23 | Report Abuse

http://www.theedgemarkets.com/my/article/inari-under-selling-pressure-says-alliancedbs-research

Posted by CUTLOST > 2016-04-27 08:47 | Report Abuse

Wait for new Qtr first b4 buy

Posted by Mohd Fahmi Bin Jaes > 2016-04-27 09:12 | Report Abuse

crash 2.60

Posted by valueguru > 2016-04-27 09:16 | Report Abuse

The fully diluted share count is now close to 1.1b. Even the basic share outstanding is 956,109,504 recently. 2016 earnings going down and the current valuation is untenable.

Posted by loveygramps > 2016-04-27 09:17 | Report Abuse

Took a 1 sen loss and sold back at RM2.79 yesterday. Don't catch a 'falling knife'.

Posted by Mohd Fahmi Bin Jaes > 2016-04-27 09:19 | Report Abuse

2.68

Posted by Mohd Fahmi Bin Jaes > 2016-04-27 09:29 | Report Abuse

rebound 2.74

Posted by alex3388 > 2016-04-27 09:31 | Report Abuse

wait and see...

Posted by FactsAndFigures > 2016-04-27 09:46 | Report Abuse

Write a comment..http://www.theedgemarkets.com/my/article/inari-falling-out-favour-investors

Posted by tanbb > 2016-04-27 09:46 | Report Abuse

omg..

Posted by timing > 2016-04-27 11:05 | Report Abuse

drop until 2.6....

Posted by supermax123 > 2016-04-27 12:13 | Report Abuse

http://cha rtian.com/traders-note-124/

Posted by Mohd Fahmi Bin Jaes > 2016-04-27 13:43 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/04/27/apple-bets-on-services-from-apps-to-music/

Posted by Mohd Fahmi Bin Jaes > 2016-04-27 16:28 | Report Abuse

2.80

Posted by CUTLOST > 2016-04-27 16:39 | Report Abuse

NEXT YEAR SELL RM4

Posted by loveygramps > 2016-04-27 17:41 | Report Abuse

Gtronic and Unisem both downgraded, it is likely some IBs might downgrade Inari soon.

Posted by angku > 2016-04-28 08:05 | Report Abuse

Avago share price is still at its peak

Posted by 3iii > 2016-04-28 09:38 | Report Abuse

The price volume chart depicts falling share price with high volume. That should be an indicator.

Posted by loveygramps > 2016-04-28 12:51 | Report Abuse

Latest news by WIRED - It’s Official: The Smartphone Market Has Gone Flat
http://www.wired.com/2016/04/official-smartphone-market-gone-flat/

Posted by valueguru > 2016-04-28 14:37 | Report Abuse

Just want to highlight to all on the point I made regarding EPS calculation & it shows you whether the analyst is sleeping or not. Take the latest RHB 27Apr report "Inari Amertron - Turning Cautious", which you can find it posted by kiasutrader; thanks :). FY16 the forecasted profit is 143m and the EPS is 18sen; ok sure and the shares outstanding use is ....... 794.44mil .... huh????? This was the number before the ex-rights cum warrants! And on the same research report, it did put the current shares outstanding as 956 mil! So the correct EPS forecast should be 143/956 = 14.96sen! Huh???

Posted by loveygramps > 2016-04-28 15:01 | Report Abuse

@valueguru, the TP is usually not based on FY16 but fast forward by one or two years. Was the forward EPS correct?

Posted by valueguru > 2016-04-28 15:06 | Report Abuse

Actually I pointed out the FY16 so that I hope people will check the other forecasts themselves ;). The moral of the story is that every investor should not just rely on analysts, website or whoever/whatever but check the facts themselves.

Posted by loveygramps > 2016-04-28 15:33 | Report Abuse

*Thumbs up*. I personally like to use fully diluted EPS and give a discount to the PE rating and NP given by the most conservative analysts for more safety. However, we will still need to (to a certain extent) rely on their NP forecast for the nearest year end, especially if the analyst has a good track record on profit numbers for that particular company.

Posted by loveygramps > 2016-04-28 20:53 | Report Abuse

But what baffles me is the earnings multiple that is 15-17x, unjustified for a small cap manufacturing stock in Malaysia. None of the regional large cap peers command such valuations. Not even US listed Flextronics.

Posted by valueguru > 2016-04-28 23:04 | Report Abuse

Pricing and also valuation can be market/country specific and not comparable across markets. One good example is the A shares listed in China vs same company listed in HK. There exists premium/discounts in both markets for many years and even though theoretically there should be arbitrage opportunity but in reality, cannot be done.

Posted by loveygramps > 2016-04-28 23:43 | Report Abuse

@valuguru, any texts on that topic that I can read on?

Posted by PE_10 > 2016-04-29 05:28 | Report Abuse

PE_10 EPS 5.67 sen. If fair PE 10 TP RM 2.27.
http://klse.i3investor.com/servlets/stk/fin/0166.jsp

Posted by valueguru > 2016-04-29 09:08 | Report Abuse

loveygramps, I don't think I can find the text; too many to read and locate but anyway ... whenever analysts say that this company should be price at this PE compared to their peers in HK, US or whatever, take it with a pinch of salt as there could be underlying market factors that will never cause the PE bands to narrow.

Posted by CUTLOST > 2016-04-29 14:27 | Report Abuse

S/holder will dispose next week..it will follow Gtronic style

Posted by loveygramps > 2016-04-29 16:26 | Report Abuse

@valueguru, sounds challenging to value. I would put it at the higher end of manufacturing and lower end of consumer, guessing about 15x (35% discount to tech sector avg)?

Posted by valueguru > 2016-04-29 16:37 | Report Abuse

14 times is the sector "average" PE for most semicon stocks so you won't be too far off using 15. If growth comes down too fast or turns negative, this PE will need to adjust downwards.

Posted by loveygramps > 2016-04-29 16:49 | Report Abuse

That's about right I guess. 15x gives 2.55, which ties back with FYE15 DY 3.5%. 14x = RM2.38 DY 3.7%. Not even diluted yet. Looks fairly valued for now?

Posted by valueguru > 2016-04-29 16:55 | Report Abuse

Don't think it's fairly value but room to go down some more. The current price using my PE is a forward EPS of about 19sen/share or about 184mil in profit which looks unlikely now. So that means the market is now trading at a higher multiple which is untenable. Note I use the word trading which is the current outlook & short term nature. Also, using PE is about the price but not valuation.

Posted by micsoh > 2016-04-29 18:53 | Report Abuse

all this about trend, when dolars strong, everybody say 20 times pe is fair, when price suddenly hit down, somebody immediatery say even 15 is too high, just like last year, it warrant even being hit down to rm1, what about future trend of 4g tech? what about the year end launching of new phone,do u offen see mobile shop being diminish every month?have some patienlah.

Posted by S56phw001 > 2016-04-29 19:34 | Report Abuse

马后炮

Posted by Yen Leng > 2016-04-29 21:44 | Report Abuse

Hi All Guru-Guru, what is the verdict of Inari's direction. Hold or go I bought for long term ;)

Posted by RainT > 2016-04-30 12:18 | Report Abuse

Yes hold or sell? Long term no hope ?

Posted by ktsk88 > 2016-04-30 12:32 | Report Abuse

Tech stocks will pull the whole market down the coming weeks.......so be selective on your sock choice.

You need to studies Inari products mix and ascertain the percentage contribution from each division before jumping into conclusion of the stock directions.....whether hold or sell.

Inari and Gtronic are contract manufacturing for smartphone/tablet makers, medical, bio-tech, etc.

Posted by RainT > 2016-05-01 15:15 | Report Abuse

INARI result for quater 3 will be out some where in mid of May
Will it drop like GTRONIC recently ? Profit drop almost 78%
As INARI might be affected by RM strengthen and weak smart phone demand

Posted by VenFx > 2016-05-03 22:33 | Report Abuse

Inar i, shall bounce back fast tomorrow.

Posted by probaby > 2016-05-04 09:15 | Report Abuse

bye inari.. see you in RM 2

Posted by RainT > 2016-05-04 09:16 | Report Abuse

Drop even more
Affin hwang downgrade

Posted by VenFx > 2016-05-04 11:35 | Report Abuse

See, i never bluffing one.

Posted by VenFx > 2016-05-04 11:35 | Report Abuse

It work, time + luck = bingo

Posted by Yen Leng > 2016-05-04 12:15 | Report Abuse

VenFx, congra to yr prediction. What is yr opinion of Inari direction? Q report expected in mid-May. will it hv the same fate like gtronic?

Posted by Ssy X-line > 2016-05-04 18:43 | Report Abuse

tomorrow coming?..............

Posted by buckbunny > 2016-05-05 12:44 | Report Abuse

Bottom big fish now..buy now before you regret,press balls and crying..

Posted by buckbunny > 2016-05-05 15:45 | Report Abuse

yesterday bought 60,000 Inari WB at 1.12,,30,000 at 1.13...today added another 23500 at 1.17.

Posted by Yen Leng > 2016-05-05 15:58 | Report Abuse

Buckbunny, next round share with us earlier please. What is yr calculated TP for mum pls? TQ

Posted by Ming Koay > 2016-05-05 16:02 | Report Abuse

2.89