No worry, it will rise up in the end.

Yes, littleshark. it will break 3. i strongly believe. if not, i will continue accumulate more.

slts, if the company's future fundamental not strong, no matter how we blow, its price won't up. If the company future fundamental remains stronger and stronger, its price will up also even we don't blow water.
In the end, we still have to refer the company fundamental. The export of electronic especially smartphone and tablet part will increase from quarter to quarter in this year and into next year. Therefore the future outlook of Inari is very bright.

Personally, I don't think rights issue is necesssary unless it needs a lot of money for M&A for business expansion. For bonus issue, it is also not necessary as there is enough liquidity of share in the market and also the share price is not that high.

Total revenue was RM191.8 million for the current quarter under review. The higher revenue was mainly due to the consolidation of Amertron Inc. (Global) Limited (“Amertron”), the acquisition of which was completed in June 2013 as well as higher trading volumes from the Group’s existing business units. Revenue contribution from Amertron was RM106.8 million.
Ametron contributed RM7.476 million (7%) profit before tax from RM106.8 million.
Existing business contributed RM21.824 million (RM29.3 million - RM7.474) from RM85 million (191.8-106.8). The profit margin is 26.7% (21.824/85*100%).

No problem, Probability.

Hi Probability.
Thanks for your analysis.
The following is my analysis as well:
Revenue comes from
1) integrated packaging and testing services (40%)
2) optoelectronics manufacturing, testing and assembly (50%)
3) ETM equipment ODM and fibre optics design and manufacturing (10%)
Therefore we have to look at 1) and 2).
The profit margin for 1) is around 25% and 30% which is considered high. The profit margin for 2) is improved to 7% from 4%. It is expected to be improved further to 8-9% in the coming quarter.
Excluding the ESOS charge, the profit before tax for the latest quarter would be higher at RM29.3 million, representing a 10.1% increase from RM26.6 million in the preceding quarter.
So I expect profit before tax will increase at least 10% from quarter to quarter. It will increase at least 40% annually.
Not forgeting the pending demand on August for the Iphone 6 will be launched on September. I expect Earning per Share would be 7cents which will announce at Nov2014 for the Q12015. PE forward 15 (7 x 4 = 28 cents) is RM4.20.
So target RM4 is achieveable in the end of this year.

Existing operations. Today, Inari Amertron has four main business concentrations namely:
i) integrated packaging and testing services
ii) optoelectronics manufacturing, testing and assembly
iii) ETM equipment ODM
iv) fibre optics design and manufacturing

Packaging services. Under its integrated packaging and testing services (IPTS) division, which makes up 40-50% of its FY13 revenue, Inari Amertron provides services such as backend wafer processing, package assembly and final testing of semiconductor components. Avago is the group’s single-largest customer under this segment, contributing over >90% of its segmental sales. Avago’s RFICs are amongthe most reliable in the world, and Inari Amertron is poised to benefit from this by virtue of being one of the three main RFIC assembling and testing contractors. Through Avago, Inari Amertron would then be able to tap into the smartphone and tablet market, which is forecasted to grow at a CAGR of 12-17% over the next four years. Note that the former’s RFICs are currently found in flagship smartphones and tablets such as Apple (AAPL US, NR)’s iPhone 5s and iPad Air, Samsung (005930 KS, NR)’s Galaxy S5 and HTC (2498 TT, NR)’s One (M8) and Xiaomi Inc’s Mi-2s. With the upcoming iPhone 6 rumoured to be launched by September, we expect Inari Amertron to receive pent-up demand on orders for its RFICs over the near term. This, in our view, could help to further bump up its existing 85% utilisation rate with an installed capacity of 1.4bn units currently. Going forward, we see this segment growing at 13-25% annually, driven by demand from the smartphone and tablet markets for RFICs.

Optoelectronics arm. Under its optoelectronics arm, Inari Amertron – via its 100%-owned Amertron Global subsidiary – manufactures, tests, and assembles optoelectronics products like LEDs, LED displays, IR sensors and opto-couplers. These products are mainly for use in data centres as well as the aerospace, defence, industrial automation and automotive industries. The optoelectronics segment as a whole makes up 50-60% of Inari Amertron’s FY13 consolidated sales, with net margins typically stable at 4-6%. Amertron Global currently operates from three plants, ie one in Jiangsu, China, and the other two in Clark Field and Paranaque in the Philippines. Currently its major customers under this segment are Avago and Osram (OSR GR, NR), making up estimated segmental sales of 70% and 20% respectively. Given that demand for Inari Amertron’s existing products under this segment is relatively stable, we are forecasting for growth of mid to high single digits per annum going forward.

ETM ODM. To further diversify its earnings base, Inari Amertron has ventured into the ETM business via 51%-owned Ceedtec. Notably, the latter is being incubated to become an ODM for Agilent, a leader in the design, development and manufacturing of electronic test and measurement products. Ceedtec currently operates from its manufacturing and test facility on Penang Island, taking into account the proximity to Agilent’s office in Bayan Lepas. Although contribution is relatively negligible at this juncture, we expect numbers to pick up substantially over the next two years, potentially contributing 5-13% of the bottomline. In addition, we believe Inari Amertron could potentially benefit from the Malaysian Government’s EconomicTransformation Programme (ETP), which is designed to transform the country into a high-income nation by 2020. Agilent was selected to champion one of the Entry Point Projects (EPPs) under the “building a test and measurement hub” category. Ceedtec was selected as one of Agilent’s local small and medium enterprise (SME) vendors. Management guided that over 15 new products are currently in the final developmental stage, with introduction in stages to Agilent from April. Some of these include automated test equipment for automotive applications, ie automotive functional test systems for anti-lock brakes (ABS) and engine control unit (ECU) testing. Others include precision bench-top power supply for laboratories and manufacturing testing.

Fibre optics. On top of that, Inari Amertron has also moved into research, design and manufacturing of fibre optic-related products via 100%-owned ISK. The group commenced production of new fibre optic products for Avago in January. Although revenue contribution is marginal at this juncture, as this is only the product pipeline’s initial phase, we are positive on management’s move to build its core competency in the increasingly prevalent and high demand fibre optics technology segment. Some of the new products that the group is working on include fibre optics transmitters and receivers for usage in the telecommunications industry, eg data centres and server switches. Going forward, we estimate that the revenue from this division to grow at 30-60% from FY15, which should translate into earnings contributions of 7-10%.

Newbirds, 10cents? I thought 20cents. hahaha. may be i am dreaming.

http://www.theedgemalaysia.com/in-the-edge-financial-daily-today/293245--semiconductor-firms-post-healthy-1qcy14-results-fd.html

haha, i think he had Inari share on hand now.

Next week Inari will break 2.8 easily and head towards 2.9 and 3. GTronic already at 4.11 and still going on strength. Inari is much cheaper than GTronic.

http://www.theedgemalaysia.com/highlights/293304-highlight-1-malaysia-april-exports-up-189-on-year-beat-forecast-hl.html

The uptrend is forming. The selling force cannot last long. it will touch rm3 soon.

no problem, kemfatt. sure Inari is on the way towards rm3.

Gtronic already hit 4, mpi is going to hit 5 today. come on, inari you can hit 3 soon.

billionhair, the selling force is still there but the buying force is overtaking it now.

billionhair,hard to say.it might explode up to 2.85.let see how is the buying force performance.

Probability, i am still waiting what his boss say today. hahahaha.

More and more buying force coming in

http://www.theedgemalaysia.com/business-news/293235-hot-stocks-unisem-mpi-globetronics-rise-on-semiconductor-sector-outlook-.html

http://www.theedgemalaysia.com/business-news/293241-midf-positive-on-semiconductor-industry-recommends-buy-on-unisem-globetronics.html

I think Inari is still undervalued even though the price has gone up. To reach above rm3, it is just a matter of time but i am sure it will be happened very soon.

http://klse.i3investor.com/blogs/rhb/53774.jsp

Sorry, my mistake, slts. MPI is earning EPS 5.55 in the latest quarter and Inari's EPS is 5.19. With the current price of MPI 4.92 and Inari 2.77, don't you think Inari is cheaper than MPI?

are u sure, slts? MPI is losing money in the latest quarter.

slts, when the price is cheap compared with GTronic, MPI and Unisem, it will surely rebound to catch up. No worry, just to share my opinion.

Yes, break 2.78

Buying volume is slowly coming back. i would contribute a little on my part.

Yes, finally Inari is in uptrend now.

Nasdaq up 1.05%, DJIA up 0.6%. Tomorrow KLCI will up up up.

ECB cut rate on deposit from 0% to -0.10% today. That means you need to pay bank to park your money in bank. So nobody will deposit their money in bank and they would invest in stock market, property, bond, etc. The market will be flushed with a lot of money. Just like US QE.

Stephenbond, nevermind la. ban ban tan ban ban tan lo. i will hold it for another 3 years.

The price should be around 2.70 at the bottom before rebound to 3. Already 1 year invested in Inari, I am looking to hold for 3 years.

Obviously someone tried to pull down the price, so i would get cheaper price from him. hahaha.

Still cannot get at 2.68. Tomorrow queue again.

GTronic breaks 4 already. let see Inari to break 3 soon.

http://www.theedgemalaysia.com/business-news/293059-global-semicon-sales-rose-115-on-year-in-april-to-us2634-billion-to-grow-65-in-2014-says-sia.html

Warrant is in 4 cents discount now.

May be the operator tried to sell cheap price to push down the price before they push up the price suddenly to gain profit.

http://www.theedgemalaysia.com/business-news/293003-affin-ib-research-maintains-overweight-on-tech-sector-as-inari-unisem-shine.html

Wow, $80, revised up again from $75.

I mean tomorrow or other day.

GTronic, MPI, Unisem all up. I believe Inari will catch up later.

Probability, I know you are making fun on them.

klsenoob, m*a is a subsidiary of I****. mac****** is under Mr M, not Mr T.

klsenoob, yeah i know. his company is I****

Dato T never sell his mother share as I know. When he sells his mother share, Bursa Malaysia will announce it. From last year until now, I never see the announcement from Bursa Malaysia.
They just spread the rumour so that they can buy it in cheaper price.

Ya lo. Looks like I cannot get it at 2.68.

HTP123SYNERGY, warrant is in discount. When you convert it, you need 38 cents. With current mother price 2.7 and warrant price 2.31, you need 38 cents to convert it into mother share = 2.31 + 0.38 = 2.69. That means 1 cents cheaper. Furthermore, you are entitled another 2 cents dividend.