Post removed.Why?

Post removed.Why?

It's worth much much more than 3.30

https://www.incomeinvestors.com/avgo-stock-heres-why-broadcom-ltd-stock-is-going-crazy-today/10417/

Volatility is one thing. Valuation is another. Of course, in times of volatility, irrational pricing sets in.

If you are rational, in times of volatility, you should hold cash instead of yield.

But your statement that Inari is 'highest valued' is flawed because you are taking yield as a valuation factor.

Again, your quick check numbers are flawed.

which screen r u looking at?

loveygramps, valuation in terms of dividend yield? PE more like it. Forward PE is at 12 right now. Globetronics is 19. Which is higher. If you looking for yield of 3.5%, I suggest you put your money in FD. Higher yield there.

Growth stock with 2 to 3% dy is very good.

kevin5059, very bad? Justification?

Look,
Globetronics earnings down 78.5%
http://www.theedgemarkets.com/my/article/globetronicss-1q-net-profit-plunges-785-lower-demand

Unisem's earnings up 47.4%
http://www.theedgemarkets.com/my/article/unisems-1q-net-profit-474-helped-improved-margin

Both same quarter, but starkly different set of results. Different product mix. Unisem's outlook going forward, POSITIVE.

For Malaysia's technology/semiconductor sector, you can't lump altogether. They are different. Inari has already said that this quarter will be flattish before picking up in the 2nd half of the year. That's what Avago said too.

Regardless of how Apple report tonight, Avago, and by extension Inari, will still be in good shape this year.

lala26, they have different product mix. FBAR filters are still in demand.

Inari is not Gtronic. Remember that.

Inari & PCL are both suppliers to Broadcom's (fka AVAGO) fibre-optics business which was subsequently sold to Foxconn. They were most probably matched by Avago. Since they are both complimentary, it should be positive for both. The fact that they are looking at listing in 5 years means it won't be draining Inari's coffers in their expansion drive.

wetmarket - Grant is a 'gift' or financial assistance for your contribution/development to the industry. So by that definition, other than the interest/dividend and the preference shares, Inari doesn't need to repay the principle.

when apple is bad, samsung will be good, vice versa. When both are bad, xiaomi and the likes will be good. Anyhow, Avago will be good. And hence, Inari will be good.

http://www.benzinga.com/analyst-ratings/analyst-color/15/04/5450830/apples-quarter-a-positive-read-for-avago-technologies-ci

http://www.cnbc.com/id/102456246
"Avago Technologies beats 1Q profit forecast"

http://www.theedgemarkets.com/my/article/inari-track-achieve-rm1bil-revenue-fy16-ceo

This is the guy who tried to bring the whole semiconductor industry down just because his company is not doing as well as the previous quarter. And they lost to Qualcomm to buy csr. Sour grape.

http://www.forbes.com/profile/steve-sanghi/

Get ready for next phase of growth.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1756701

When Inari proposed its rights with free warrants, share price was range bound at 3.13-3.36. I believe they will try to maintain the price at around 3.15 for the rights issue.

Keep Calm, Buy Inari

haha, many novices panicking. Stick to fundamentals. Do your homework.

Interesting to note in Avago's latest results. 1) Wired Infrastructure had a growth of 59% qoq and 73% yoy. 2) Avago spent 2) R&D grew 138% to 240mil. 3) Rev for Q4 expected to increase 18-22%.

How Inari can benefit: 1) Amertron supplies to Avago's wired infrastructure.2) Increased Avago's R&D spending will greatly improved new products and next generation technology e.g.. IOT and post-LTE. 3) Bullish Q4 forecast means Inari will continue to benefit.

Keep Calm, Buy Inari

http://investors.avagotech.com/phoenix.zhtml?c=203541&p=irol-newsArticle&ID=1961950&highlight=

http://news.investors.com/technology/082814-715273-avago-technologies-q3-earnings-beat-expectations.htm

Yes newbirds, we have to do a little more homework than to talk rubbish in forums like this. I've stopped posting (and reading) for sometime now because I'm appalled by the standard. I felt compelled to share a very important information that many here failed to see - that Inari is growing at a phenomenal rate for a reason. That reason is that there's a shift in how we laymen are using technology (from PC to smart devices) and the increased bandwidth (speed, to laymen), that's why semiconductor is back in flavour now (the last was in the millennium).

When we look at Inari, we have to look at Avago, the whole industry as a whole. Then we look at what Inari's management is doing to reap this opportunity. Mind you, they've proposed a rights issue etc., but it hasn't been submitted to the authorities. They cannot wait that long. Now, with more warrants converting, they have the extra cash to undertake this expansion even before the rights exercise. They cannot wait any longer. Orders are flooding in.

Do you think they will buy a 26mil factory (with 4 acres of built-up) without Avago's green light? Inari and Avago has come a long way. Avago was once Inari's substantial shareholder until regulations and compliance prevent them to continue to be so. They have a solid partnership.

With China's adoption of the LTE bandwidth, Avago will benefit exponentially. Let's watch Avago's earnings this coming Thursday.

these are the reasons why Inari is scrambling to get its production facility. With current utilisation rate of its production facilities at almost 90%, Inari had to announce purchase of factory concurrently with quarterly earnings report. Why? Simple. Increased orders. While the batu kawan land is for the medium to long term plans, the influx of orders compelled Inari to speed up its expansion plan. The factory purchased is at a very strategic location (near to Seagate) and it's reasonably priced. It is also semiconductor-compliant as it was previously used by Marvell Semiconductor. I believe Inari will be able to get the equipment and workforce running in 6 months. Thereafter, earnings will perhaps increase 30-40% based on this acquisition.

http://blogs.barrons.com/techtraderdaily/2014/08/25/avago-fyq3-on-tap-rbc-deutsche-upbeat-on-new-businesses/

http://www.gurufocus.com/news/275380/why-is-avago-technologies-an-ideal-investment-candidate

Alex, it's not 'acquire'. He merely exercised his ESOS options.

realistically, I think if we forecast EPS for FY2014 to be 0.25 (it's already 0.15 now for 2 quarters), and give a PE of 10 (reasonable due to holding company status), the TP is RM 2.50. Based on NTA alone it's already RM 2.32 (including only Inari's paper gain). So TP of RM 2.50 is fair.

Hi sosfinance and probability, your calculations on Insas NTA is not very accurate.
Insas's Inari's holdings at book value is around RM90m. At currents prices, including warrants, Insas's market value of Inari and warrants is RM 513.8m. Deduct book value of RM 90m, net gain of RM 423.8m. Translate that to NTA/per share is 0.61. So, theoretically, the NTA of Insas with only the net gain on Inari is RM 2.32.

"Based on our current 36.4% holding, the market value of this investment including warrants is about RM260 million compared to our book value of RM90 million, giving us an unrealised revaluation surplus of RM170 million. This surplus has not yet been taken up in our accounts.

Separately, the Group also currently holds 11.8% of Formis Resources Berhad, another technology company that is listed on Bursa Malaysia. The market value of our current holding is RM35 million. We have board representation in Formis and we are working closely and actively with other directors and management to grow this company. Formis provides technology services and solutions across a very diverse sector including financial services, oil and gas, telecommunications, payments systems, government and education. Recently, Formis diversified into property and construction through the acquisition of a strategic 23% holding in Ho Hup Construction Company Berhad, a company listed on the Main Board of Bursa Malaysia.

In summary, the total current value of our technology investments in Inari Amertron, Formis and other investments held under Insas Technology would amount to about RM300 million."

CEO's Statement in 2013 Annual Report

As at 31 Dec 2013, Inari was RM 1.63, Hohup RM 1.21 (after ex), Formis 0.735.

valueguru, Insas has not accounted for the valuation of its associates as reported by Thong in its 2013 Annual Report. If it does (a matter of time), the profit, NTA will balloon. Read the CEO's report in 2013 Annual Report.

Insas' stake in Inari translates to around 8.5m to 8.8m contribution to it's net profit. That's around 1.28 sen EPS. Enough to give dividend of 1 sen.

As-at-today, Inari market cap (including warrants) 1.19b. Insas is a meagre 627m! Insas' 36.37% stake in Inari is already worth 432m!

And remember, it's NA per share is 1.63 as at last quarter. so it's trading at 45% discount! No brainer lah. If the share price does't move up, Dato' Thong will privatise it with a MGO. So, load up.

The problem with Insas is that, because it's a holding company, it's rather stingy on dividend. If this quarter it announces another dividend, I think it's another turning point in it's management direction. I'll load more if, it announces sterling results and another dividend. It should play catch up eventually. Assuming a doubling of EPS from 9.13 last year to 18.26 (which is very conservative looking at how the subsidiaries all are doing and Q1 EPS of 8.87sen), a PER of 10 values the company at RM 1.83. Current PER is barely 5. And it has cash of more than 300m and growing! HoHup coming out of PN17 by June, develops Bkt Jalil land. Melium group potential listing. Gleneagles expansion. Inari spectacular growth. It's not if, but when it'll fly.

Today is a coming-of-age for Inari. Even though it's not yet in the Main Board, the current results have proven it's among the most sought-after growth stocks that most funds can do without. Retail investors should buy it before the mandated funds start scrambling to have a part of it.

Inari current PE is 11. Globetronics current PE is 18. If we just take a PE of 15 for Inari (which is reasonable for a growth company), TP is RM 3 at projected EPS of 20sen. If Inari surprises us (which I think is very likely) by hitting 25 sen EPS, TP should be revised to RM 3.75 by year end - regardless of KLSE's performance.

http://www.theedgemalaysia.com/business-news/276460-inari-q2-pre-tax-profit-increases-to-rm2656-mln.html

if not good, why top up at low price? Tutup buku habis cerita. Can't do that leh.

What you call 'goreng' is termed price maintenance by them. Even EPF, Khazanah, LTAT etc. do that. Window dressing, price maintenance are all tools to maintain an orderly market. Market is all about sentiments. Punters like you worry much about how the the price moves everyday and this affects your sentiment. True blue investors set horizon, target price and analyse fundamentals.

http://www.cnbc.com/id/101248123
apple (avago's customer, Inari's benefactor) captures China Mobile contract, LTE growth will be tremendous.

skynine83 is a slts clone. Those who missed the boat, and still waiting for the boat to gostan balik!

Wireless, LTE will continue to drive their business. Inari will benefit tremendously.

Webcast:
http://www.media-server.com/m/acs/258a22be1e4dbb57a98f12f41a074dea

http://www.marketwatch.com/story/avago-technologies-limited-announces-fourth-fiscal-quarter-and-fiscal-year-2013-financial-results-2013-12-04?reflink=MW_news_stmp

Avago announced above expectation results.

lloydlim, just 100k shares, dim sum money.