@skcm2017

It's the typical cold season for countries in the northern hemisphere.

Numbers will be higher than usual especially for common flu.

Should normalise and back to pre-oct numbers coming into February 2022.

@TanChinku

Thanks.

Found it.

Seems Bursa had issued UMA during that period as well.

It looks like it coincide with the Dot Com boom during that time.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=79051

@TanChinku

In 2000, the high was RM30.

That's based on below.

https://www.klsescreener.com/v2/charting/chart/3867

Quite similar with Mr DIY

Having outlets nationwide, sales through physical store and online.

Mr.Diy trading at pe=55 due to it's larger revenue, profit and PAT%.

Can allocate a 30% discount at pe=38.

Still have some upside, if the quarter result disclose before listing day of at LEAST RM340mil and PAT=15mil

Hopefully, all the convicted parties who had falsify the financial statements will be brought to justice.

But the question is how to bring Karim to court when he's missing?

Probably already fled overseas.

@Sslee

#7 is mine.
But the CEO do not provide any comments as he mentioned still in early stages.

Next time should put leading question like providing a high level estimates of earnings for next 5 years.



Posted by Sslee > Dec 29, 2021 12:37 PM | Report Abuse

http://www.inariberhad.com/annual-general-meeting.asp

2021 AGM - Key matters discussed

@InsiderShark

Agreed on food wastage. It's really horrible when there people without food here in Msia.

Based on the current cashflow, it still able to sustain more than 1 year.

However, likely the company will look into the options to tap into borrowings, issue rights, private placements and even issue warrants.

I believe someone earlier brought up the issue Apple inventing their own RF and to drop from Broadcom. Broadcom contract will end in 2023 but normally will be able to secure new contracts for RF. Whether or not Apple able to secure the key engineers and develop RF in house remains unknown. But likely they will not drop Broadcom's RF entirely as how Apple M1 chip which currently runs in Ipad and Macbook only.

Worth to note, Inari role is providing test services for this RF.
http://www.inariberhad.com/rf-testing.asp


So this is the article.


https://www.bloomberg.com/news/articles/2021-12-16/apple-builds-team-in-new-office-to-bring-wireless-chips-in-house


By 2024, Inari should secure sizeable orderbooks from China venture.

Thus, in the short term till 2023, no impact whatsoever to Inari.
Just wait for Broadcom contract extension news somewhere next year to know more.

Just fresh from IPO raising more than RM1 billion, now private placement to raise another RM240mil.

https://www.nst.com.my/news/crime-courts/2021/12/758382/serba-dinamik-director-senior-officers-charged-submitting-false

@InsiderShark

You're right.

During pandemic, certain company revamp their approach to be more agile to adapt to changing environment.

Of course , company owners and founders are pressed hard by major shareholders for results.

However, not all initiatives can yield good results and eventually profit.


https://www.thestar.com.my/business/business-news/2021/08/28/is-the-ride-hailing-business-sustainable

@apple168

Borrowers affected by flood are almost negligible.

Maybank already allow for flood victims to request for payment deferment.

https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/announcements/2021/december/flood-relief-assistance.page

I think Mynews tries to replicate family mart success with CU.

Time will tell and by next 2-3 quarters will know more as blaming MCO or lockdown story will not be relevant anymore.

@rr88

ATA and MGRC are not related to Atech.

Your theory is like if VS or Dufu or Fronken or Genetec drops, Atech will drop.

Doesn't make much sense.

@rr88


ATAIMS and Atech are two different counter in EMS sector.

Besides that, there's so many other like SKP, Kobay,PIE, Dufu, etc

ATAIMS was penalised by the Dyson. Any relations with Atech?

Don't get it.

https://www.straitstimes.com/business/companies-markets/gambler-who-bet-millions-on-airasia-wants-everyone-to-notice


I wonder what's going through his mind right now.

Invested nearly a year.

@rr88

Why will crumble?

It looks stablised.

Expecting good quarter results ahead.

Less worry on foreign labour.

Wow, finally a bonus issue after waiting for so many years.

Just for the sake curiosity, anyone here bought this stock in Dec 2020?
It was around RM1.80 and reach high of RM50. That's almost 2,600% return!

@mh87


Volume in 2021 in shifted towards EV theme.

Due to limited of stocks involving with EV, can't see much hype to it.

But you can see in the news that many wannabes companies jumping onboard to get involve in EV.

Keytakeaway from SD.

At first indication that a company couldn't produce financial report is a RED flag.

Stay away from such companies.

2nd red flag started when SD dispute and sued KPMG.

Many red flags before the counter suspended.

It's a rare case to see such event happening to a Bursa listed company

@Gabriel Khoo

QoQ grows becoz of growth from lowbase in previous quarters due to MCO lockdown.

Comparing in 2020 where CU yet to be introduced, revenue and losses widened.

I hope you are aware.

@mh87

It has some aspects of logical.

Mind you that glove stock was rallying in Q1 2020 due to many uncertainties and info on the virus. Healthcare facilities are stockpiling glove to avoid a breakdown in health care system.

Pre-pandemic inventory stockpile is only 1mths-2mths.

In Q1, most global healthcare facility stockpile to 5mths-6mths which cause ASP to rise due to extreme demand and shortfall in supply. It was so extreme, that glove makers started asking for 20%-30% deposit upfront.

Since Q3 2020, the glove rally had peaked. Vaccine makers able to formulate a vaccine and CDC knows the variant and how they spread and SOP & restriction in placed.

It's all a sequence of event which lead to buyer and sellers of glove stocks.

Thus, vaccine is the Achilles heel of glove.

Really don't get it.
With their aggressive expansion of new CU outlets, revenue is worst than before they started new CU stores.

@NatsukoMishima

I have a few colleagues in China that has not gone for any vaccination.

It seems the government is not making it mandatory.

@Philip

In view that next year, interest rates will be rising, will Yinson be vulnerable as it has huge borrowings ?

@pang72

It's special. All it's worker are LOCAL and have lesser issues as local have their own homes and have full benefits of EPF, SOCSO,etc

VS is still struggling with forced labour among foreign workers and may take years to sort it out.


https://focusmalaysia.my/ems-ipo-aurelius-tech-well-aware-of-forced-labour-trap/

@Alantam


Lol, you missed the the word 'Forecast' in your revenue sentence.

Misleading others.

@Alantam

2022 not materialised yet, but you know what the financial statement will report with breakdown by vendors.

Not even companies reporting financila results will breakdown their revenue by contributors.

Lol, really mind blowing.

----------------------------------------------------------------------
Revenue for 2022 from

Chipone = RM600mil
ILI Corp = RM180mil
Foxconn = RM400mil
SMIC and others = RM260mil

Straight enter KLCI with Inari

With ASP price stabilise, now till end 2022 will be price war between the players. The big 4-5 players will normally prevail even if the ASP drops to USD18 per 1000 pieces.

Next year is the year to squeeze out those smaller players or the glove wannabes.

Already happened in 2011, after the famous H1N1 pandemic in 2009, prompted glove makers to expand capacity globally.

Why management is not releasing the 30th june 2021 AR and SIR?

Long overdue.

Considering ATAIMS which is an EMS which had loss 80% of revenue still commands a market cap above 800mil makes Atech looks undervalue.

Food for thought.

@kahhoeng

You may ask these historical comparisons at next tuesday's EGM.

They will answer you.

@kahhoeng

It's in the circular in Bursa Malaysia.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3218076

In 2017, Notion factory was hit by fire.
In 2021, Notion factory was hit by flood.
In 2025, Notion factory will be hit by ?

Total no of enlarged shares after IPO is 889,804,502.

EPS is 0.013 per quarter.

Read page 9 of prospectus.

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=212751&name=EA_DS_ATTACHMENTS

@kahhoeng

Not full lockdown.

Only targeted lockdown of certain industries eg:manufacturing, F&B, etc by operating hours and reduced workforce.

@Ryan83

Lol.
No need to sensationalise this.

I have a relatives and friends staying in US. It's not as bad as what you read in the social media.

Besides that, back in Jan 2020, not much details of the virus.

Now most pharmaceuticals are having the technology to produce vaccine that helps to prevent severe cases. Any efficacy between 50% to 70% is good enough for human body.

https://research.rhbtradesmart.com/view-file/hash/4277151120442098561a7c616a0df2?NO_CACHE=0f27f856b1173166737722bee76b62b4

https://klse.i3investor.com/blogs/hleresearch/2021-11-15-story-h1593842172-Inari_Amertron_Simply_Extraordinary.jsp

https://www.cnbc.com/2020/01/23/broadcom-will-sell-apple-wireless-parts-for-three-years-as-5g-launches.html

@@Xcalibre

They are targeting EV segments as well.

2022 We have commenced the construction of a new manufacturing plant on the vacant land of approximately three (3) acres, adjacent to our existing manufacturing plant. The new single-storey manufacturing plant with the production floor area of 61,909 sq. ft., is expected to be completed by the end of 2021 and ready to commence operation in the first half of 2022. This new manufacturing plant will be used for the expansion of our EMS operations, semiconductor multicomponent modules and the
development of a new product, namely lithium-ion battery pack.

@Xcalibre

That is what their biz was initially early 1990s.

Look at the company timeline achievements and latest QR report.

2019 started with manufacturing services agreement for semiconductor components in the form of a multicomponent integrated circuit (IC) for communications IoT module.

2020-2021 xpand our EMS within the power control segment by securing a contract from a customer in France to manufacture a power module used in marine applications. 2 surface mount technology-SMT lines complete with 4 backend robotic production lines for multicomponent semiconductor module.

2022 We envisage having a total of four (4) production lines dedicated to
semiconductor component manufacturing by the end of 31 January 2022 to
cater for its expected increase in demand from our customer

I just wonder if the company plans to have bonus issue to ensure the counter has liquidity and easier to trade when price are below rm5.

@wallstreetrookie

Please share institutions are you referring to that are dumping tech stocks?

@sailang_now

These cornerstone investors are just adjusting their portfolio based on their mandate. They will be back.

Inari is poised to achieve great revenue and profit growth from 2021-2024 due to the 5G cycle as telco in most countries will be 5G ready next year and 80% of consumers are still holding 4G smartphones.

This 2-3 years so called the great MIGRATION will the year similar when 4G cycle took place between 2011-2014, where the famous iphone sales growth for 4s, 5, 5s, 6, 6s flew off the roof.

@Chachambo

Very much agreed that property and vehicle sectors were not essentials during that period.

Fyi, 75% of the revenue generated are recurring and are non individual.

Likely property and vehicle purchase may not be main contributor as compared to biz loan, OD, for SME industry which is the backbone of the economy.

@Hwai Hooi

Where is your source?

@richardsharing

Agreed.

Planned investment of that quantum takes 2-5 years to materialized.

From factory development approval to fully furnished with equipment and human resource hiring and training.

Look at TSMC plan for Japan, US and Germany. Mass production only possible after 3-4 years after getting approvals.

@HonLee

Intel also does RF and Opto-electronics which Inari is involved in.

If Intel intents to counter TSMC growth and strategy, it needs speed to execute, thus outsourcing some key components to the experts in the industry rather than doing themselves.

Many ATE and OSAT expert here in Msia.