To be approved during the AGM on May. Ex-date is on August. Payable date is on September.

Just hold it. When it drops, accumulate more.

No worry. It will consolidate before it hit higher. MPI and GTronic already hit the highest today. I think Inari will hit 4 soon no matter how the big shareholder blocks.

Looking forwards Inari performance next week. This is end of March. I hope it will break through 3.50.

Not exactly. It is totally different.

Nasdaq top 5000. This year is technology stock year.

Looking forwards 3.50 next week. I don't think the big shareholder can maintain the price at 3.30 anymore. All the technology stocks rise, not only due to high demand of communication devices and automotive, but also the appreciation of USD against RM. RM has already weaken more than 10%, with every 1% depreciation, there is 3% gain in profit. Therefore, Inari next quarter result profit could easily increase more than 30%. Even though Inari has risen to 3.33, it is still undervalued compared to GTronic which has similar EPS but the share price already hit 5.30. My TP for Inari end of this year is 4.50.

Martinbartesque, as long as the future is very good, the share price will be up. The big shareholder can't sell the cheap share forever.

martinbartesque, no worry.
as long as the coming result is very good, the share price will up.
If you can hold until end of this year, it would sure pass 3.50 and towards 4. the shareholder has his own consideration to selling cheap share.

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

As long as you get it before ex-date. the ex-date is not announced yet.

ethanyong, yes, u r right.
For example, if u buy 1000 units of Mitra before ex-date, u will get 500 units of bonus shares and 200 units of free warrant WD.

On behalf of the Board of Directors of MHB, AmInvestment Bank Berhad is pleased to announce that the Company proposes to undertake the following:-

(i) proposed bonus issue of up to 222,630,874 new ordinary shares of RM0.50 each in MHB (“Bonus Shares”) on the basis of one (1) Bonus Share for every two (2) existing ordinary shares of RM0.50 each in MHB (“MHB Shares” or “Shares”) on an entitlement date to be determined and announced later (“Entitlement Date”) (“Proposed Bonus Issue”);
(ii) proposed bonus issue of up to 89,052,349 free warrants in MHB (“Warrants-D”) on the basis of one (1) free Warrants-D for every five (5) existing MHB Shares held on the Entitlement Date (“Proposed Free Warrants Issue”); and
(iii) proposed establishment of a new employee share option scheme involving up to 15% of the issued and paid-up share capital of MHB (excluding treasury shares) to eligible directors and employees of MHB and its subsidiaries which are not dormant (“Proposed ESOS”).
Please refer to the attachment for further details on the Proposals.
This announcement is dated 13 March 2015.

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

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.

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

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

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

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

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.

Buy on dip

USD rises to record against Europe. I believe it would rise against RM to 3.80 soon. With appreciation of USD against RM from 3.27 last quarter to 3.6-3.8 this quarter and also the production expansion, I believe Inari next quarter profit will rise at least 20%.

Truthseeker1, I think YiStock already explains on it. I don't want to repeat to explain to you again.

Previously, the main shareholders had to fork out a big amount of money to subscribe the right issues. Now they only sell a portion of WB and very small amount of mother share to cover back the amount of money they fork out to buy the right issues. It would be normal. I think truthseeker1 has to get to know about it. The production is expanding due to the demand of the smartphone. The future is very bright.

No worry. Today volume is a new record.The future of Inari is quite good. Due to the expansion of production and depreciation of RM VS USD, next quarter result will be a new record of profit. Also, Europe QE is starting soon.

The biggest fund in Malaysia is buying in Inari. I think Inari will up more than 4 soon.

Insas cost only around 40 cents. So it can take profit now. It had once 35%, now decreased to 28%. Don't think it would sell more as Inari still undervalued even though it had up 8 times.

5.1% only, I think EPF will increase the share to above 10%.

EPF owns 5.1% share of Inari.

It is good to maintain above 3.10 today. Up steadily.

Nasdaq crosses 5000 mark for first time since 2000

It's not only Myanmar newspapers la. It is all US, Europe newspaper also reporting on our PM, his wife and his gang. Shame on you.

I think the most important thing is next quarter EPS. This quarter will add 150 testers from 422 testers. That means 35% increase in RF production. Also, the currency exchange rate is 3.27 for last quarter. For this quarter, it would be around 3.55, that means 8.6% increase.
Therefore for this quarter on May 2015, it would be another record profit. I would see Inari will break through 3.50 soon, may be by end of this month.

It is hard to say the rise is about the same as WB is traded with premium 13%. I would say WA will rise same or more with mother share, but WB will rise same or less with mother share as the premium will be reduced from time to time.

dextronium, it is up to your decision.

For WA, the conversion price is 0.33. 2.75 + 0.33 = 3.08.
For WB, the conversion price is 2. 1.49 + 2 = 3.49.
Current Inari price is 3.08.
So WA has no premium or discount but for WB, it has premium (3.49-3.08)/3.08 *100% = 13.3%.
Of course the gearing for WB is higher (3.08/1.49 = 2.067) compared with WA (3.08/2.75 = 1.12).
Therefore the risk is higher for WB.
But for growth stock like Inari, the risk will be paid off.
For conservative investor, WA is a good choice.
For risk taker, WB might be better option.
It is just for your consideration.

Compared to WB, I prefer WA as the value is on par with mother share, no premium or discount. Don't forget the expire date is on 2018, still 3 years to go.

Orange1, yes you can sell the rights share

Inari customer's Avago up 13% tonight, let see Inari will follow Avago up tomorrow or not.

My next TP is 1.20

Based on latest quarter report,after full dilution,eps is about same as Gtronics,but gtronics price is already 5

Inari will definitely go to 3.50 or even 4 by this year as it is still undervalued.

where got 2.55 today? the lowest is 2.88.

Alex chan,I am waiting for your inari share at 2.55

https://brokingrfs.cimb.com/HiNjpBAxwPOF6KbnE3hOINF-HE6EELMn2-eB5w0Kp_8nc4B2AOHjVBZy1noF8s1h1apJEw7v46w1.pdf
This is CIMB report on 9 February 2015.

For me, the result is good. I would continue to accumulate when the price dips.

Alex Chan, please sell all your share at 2.55 to me.

Haha. Then I collect from you.

Eco World up 0.12 cents or 5.24%.Those like masterpiece will be disappointed because they cannot get cheaper Eco World to buy.

Right issue coming out la