Posted by invest_malaysia > 2021-05-06 21:01 | Report Abuse

All in Inari.

Posted by Vorster89 > 2021-05-06 21:26 | Report Abuse

good result pp， 2000million cash on hand, haha

Posted by Zackmeiser > 2021-05-06 21:26 | Report Abuse

Rm3.2 for pp means management emenr confident of earnings. If not private wont subscribe. But why pp when u have excess cash. Probably wanna go all in new semiconductor project rather than 5g apple only? Fundamental seems solid.

Posted by PGOne (Pure Goreng One) > 2021-05-06 21:31 | Report Abuse

private pp 1 bil, how many company in bursa can do this amount of pp haha, inari is such a beast

Posted by GooShen > 2021-05-06 21:54 |

Post removed.Why?

Posted by Geek2020 > 2021-05-07 07:44 | Report Abuse

https://klse.i3investor.com/blogs/humblepie188/2016-01-14-story89814-Private_Placement_Good_or_Bad.jsp

Posted by Geek2020 > 2021-05-07 07:45 | Report Abuse

If PP is for biz expansion then it’s good.

Posted by High5 > 2021-05-07 08:13 | Report Abuse

Something is Brewing..PP of that amt...Target alrdy set to utilise the fund...share price will gap up

Posted by smurfbee > 2021-05-07 08:15 | Report Abuse

buy bitcoin la

Posted by Bgt 9963 > 2021-05-07 08:18 |

Post removed.Why?

Posted by gcke > 2021-05-07 08:45 | Report Abuse

Opines the PP new share placement at RM 3.20 just 0.06 cents over market price at RM 3.26) is fair,transparent and judiciously managed consider the existing and market shareholders in the company's stocks.

>Under its proposed placement, Inari will issue up to 333 million new shares — which accounts for 10% of its share capital — to third party investors at an indicative price of RM3.20 a share..
>In a bourse ling, it said it is in contin- uous discussions with potential new cus- tomers within the semiconductor industry to provide OSAT services. And as part of the negotiation process, the group may be required to commit to substantial invest- ments in factory t-outs, and to acquire and install new manufacturing equipment and additional production space to secure new customers and or long-term supply orders.
As such, Inari Amertron said it is crit- ical that it secures the required funds, so that it may expeditiously carry out any ca- pacity expansion plans while putting it in a better position when negotiating with potential customers.
It added that it will be using the raised
funds to accelerate plans to acquire and invest in “good value, high quality and complementary semiconductor and OSAT related companies and assets” that can gen- erate sustainable revenue and earnings growth, good profit margins and good returns on invested capital.

Deduction: Can collect and invest. A well-managed company unlike many other public listed counter where the new share placement like PP is ridiculously at the low price,issuing ESOS or long term incentive plan without considering the shareholders' greater interests.One should note that IF the new placement like ESOS,PP or long term incentive plan were not fairly managed such actions will devalue the share prices!

Posted by GooShen > 2021-05-07 09:11 |

Post removed.Why?

Posted by MingGoon > 2021-05-07 09:12 | Report Abuse

GooShen...
Excellent Gooshen.
You are right...
Inari going to drop very soon

Posted by MingGoon > 2021-05-07 09:12 | Report Abuse

Inari plan private placement of RM1 BIllion

Posted by MingGoon > 2021-05-07 09:12 | Report Abuse

Excellent Gooshen.
Thank you.

Posted by OnTime > 2021-05-07 09:13 | Report Abuse

let's fire mr. oh.

Posted by GooShen > 2021-05-07 09:21 | Report Abuse

If so good, why no one all in now ?
Now the traded value is 2.7m only, how to raise 1.1b ?
Wait until cow comes home kar?
You think big boys szai ar ?

Posted by amateurJR > 2021-05-07 10:10 | Report Abuse

Haha Goosai hows the feeling being trapped in Topglove.How the taste of Sichuan hotpot?

Posted by invest_malaysia > 2021-05-07 10:23 | Report Abuse

PP at 3.2, people investing at least few millions Wei. Retailers scare what la

Posted by GooShen > 2021-05-07 10:30 |

Post removed.Why?

Posted by justaikanbilis > 2021-05-07 10:53 | Report Abuse

Hello @GooShen apa khabar? I today only come visit because got PP. Looks like you are more care about Inari than me, every second you also go see Inari chart, what a loyal person :(

Hopefully I can average up again my current price if what you said become true :)

Posted by Donkluiopu1 > 2021-05-07 11:29 | Report Abuse

Like dnex go to drain
When mention pp
All hell broke loose
Only go to heaven is mention bonus issue warrant
great gooooshen is right

Posted by GooShen > 2021-05-07 11:39 |

Post removed.Why?

Posted by collie > 2021-05-07 11:40 | Report Abuse

hahaha better let go unless u stuck high

Posted by newbie8080 > 2021-05-07 11:43 | Report Abuse

Yeah, don't really understand why need PP at this time.
The company is not short of cash.

Any increase in capacity or new equipment can be added gradual as customer normally provide staggered demand throughout a few years.

Posted by dawchok > 2021-05-07 11:43 | Report Abuse

Bought at 3.16.

Posted by MingGoon > 2021-05-07 11:45 | Report Abuse

Inari... drop like rain drops
Inari now 3.16.

Posted by MingGoon > 2021-05-07 11:46 | Report Abuse

today friday...
how much will Inari drop further ?
Drop till ??

Posted by Philan008 > 2021-05-07 11:51 | Report Abuse

if everyone knows Inari got 800M cash and still proceed to do PP to raise 1B.... shouldnt that tell you indirectly that they are planning something massive?

Posted by GooShen > 2021-05-07 12:01 |

Post removed.Why?

Posted by Philan008 > 2021-05-07 12:03 | Report Abuse

Hahaha price fluctuation is supply demand thing.

You can either use it as an advantage or u affected and it becomes a disadvantage....

Posted by newbie8080 > 2021-05-07 12:13 | Report Abuse

Yeah.
Stock don't go up or down in straight line.

There's ppl who buy and some who sell.

Buy the growth story or sell the company is no longer able to grow.

Simple.

No need to publish up 12 cent, down 10 cent next day and repeat it daily.

We are aware of the price movements duh.

Posted by dawchok > 2021-05-07 12:13 | Report Abuse

Share market fluctuates very fast in a significant amount just likes Stephen Chow said "我一秒鐘幾十萬上下". Share market is not Kacang Putih seller, just few cents down, already cry for father cry for mother.

Posted by sammyramon > 2021-05-07 13:09 | Report Abuse

Inari is in downtrend mode... ;(

Posted by t_nike2002 > 2021-05-07 13:20 | Report Abuse

Inari Amertron $INARI / 0166 (INARI AMERTRON BERHAD)
Research by AmInvestment Bank
HOLD (Maintained): Target Price: RM3.13

“Proposes private placement of 10% shares”

Dalilah Fairoz
(603) 2036 2333
dalilah-fairoz@ambankgroup.com

Posted by jackyyaya > 2021-05-07 13:34 | Report Abuse

technically should sell it, fundamentally should buy it

Posted by CuriousLearner > 2021-05-07 14:55 | Report Abuse

https://www.theedgemarkets.com/article/analysts-positive-inari-amertrons-rm107b-private-placement

Analysts are positive on Inari Amertron Bhd’s RM1.07 billion private placement.

In a note, TA Securities Research analyst Wilson Loo pointed out that while the proposed private placement will be dilutive to earnings per share (EPS) on the onset, he is positive on the move as the proceeds raised will bode well and come in handy, especially for sizeable and accretive acquisitions and investments, while also alleviating potential stress on its balance sheet.

“More notably, by pursuing a private placement, Inari will also have the opportunity to rope in strategic investors to realise synergies,” he said.

Loo said if Inari is able to raise RM1.07 billion from the exercise, he estimates the company's cash position will more than double to RM1.82 billion, from RM755 million at the end of the first quarter of the calendar year 2021 (1Q21).

At the same time, a private placement of 10% of its total issued shares is expected to have an EPS dilution of 9.1%.

Loo has maintained his target price (TP) of RM4.33 and “buy” call on the stock.

Meanwhile, PublicInvest Research’s Chua Siu Li was also positive on the move, as the funds are necessary for the firm to expand and grow at a faster pace.

“The current global chips shortage will boost the need for more assembly and testing services; therefore, any investments and capacity expansions will be timely, allowing Inari to ride on and better benefit from the upcycle,” Chua said.

Based on an enlarged share base of 3.77 billion shares (which includes the placement shares and 91.5 million employee share options scheme [ESOS] options being fully exercised), the impact of EPS on the group will be around 11%. Chua maintained the research house's “outperform” call and RM4.40 TP.

RHB Research’s Lee Meng Horng pointed out that the group is setting on RM755 million in net cash as of the second quarter ended Dec 31, 2020 (2QFY21) and operations cash flow generation ability exceeding RM300 million a year, combined with the RM1.07 billion to be raised in the proposed placement, does allude to a potential imminent sizeable merger and acquisition (M&A) opportunity that is value accretive, especially after weighing its prudent capital expenditure (capex) investment cycle over the past few years.

“Besides, raising its war chest in such a prevailing upcycle market valuation could be optimal from its capital structure point of view,” Lee noted.

The RHB analyst said that on a pro forma basis, the EPS dilution would be at 9.1% on the assumption that the maximum scenario under the placement is achieved. Net assets per share could rise to 65 sen, while net cash share may increase to 54 sen, from 23 sen currently.

When contacted, one anonymous analyst viewed that deploying a private placement is a faster way of raising funds versus a cash call such as a rights issue.

“In this current environment, it is now a great time to raise money via a share placement. However, it may not be such a good time to conduct M&A activities because of the high valuations involved in the sector,” the analyst noted.

As such, given Inari’s conservative M&A track record, the analyst expects a sensible investment to be made by Inari and that it should be within the outsourced semiconductor assembly and test (OSAT) space. Still, the analyst said this is contingent on Inari securing a good deal for any potential M&A targets.

The analyst was cautious over the placement in general. While a private placement means more expeditious fundraising, shareholders would have to put faith in Inari that it will eventually make a purchase that delivers value, in contrast to the group announcing from the get-go that it would be acquiring a specific company.

The company announced yesterday to Bursa Malaysia that it wants to raise up to RM1.07 billion via a private share placement to be used for capex, acquisitions and investments.

Under its proposed placement, Inari will issue up to 333 million new shares — which accounts for 10% of its share capital — to third party investors at an indicative price of RM3.20 a share.

The placement is expected to be completed in the second half of 2021, the group said, adding that its share capital will rise to 3.77 billion shares after the placement and the full exercise of the group's ESOS.

The private placement is the largest among local semiconductor-related firms which seek to take advantage of the current share price rally.

At noon market close, shares in Inari were 2.76% or nine sen lower at RM3.17, valuing it at RM10.59 billion. It saw 7.32 million shares done.

Posted by MingGoon > 2021-05-07 15:02 | Report Abuse

drop till less than 3

Posted by GooShen > 2021-05-07 15:43 |

Post removed.Why?

Posted by newbie2y > 2021-05-07 15:52 | Report Abuse

@jackyyaya, so the technical traders sells to the fundamental investors? :D

------------------------------------------------------------------
jackyyaya technically should sell it, fundamentally should buy it
07/05/2021 1:34 PM

Posted by GooShen > 2021-05-07 15:59 |

Post removed.Why?

Posted by piranha88 > 2021-05-07 16:45 | Report Abuse

PP but IB gives good target price. Howver didn't say when target will be achieved. Make your own judgment. Wait till RM2.90 then only collect

Posted by GooShen > 2021-05-07 18:08 |

Post removed.Why?

Posted by jeremylin > 2021-05-07 19:09 | Report Abuse

Monday back to 3.3 again....

Posted by shearer202 > 2021-05-07 22:22 | Report Abuse

Seldom people want to goreng this stock with good FA compared to other tech stock like d&o , uwc , greatech ! Now even worst when hearing PP 1 Billion just like dnex after pp news direct 40 % drop to long kang non stop ! I think many people starts to throw this ticket n move to d & o already ! It will drop to around rm 2.70 !

Posted by jackyyaya > 2021-05-07 23:19 | Report Abuse

i think it will drop to RM1.70, just be patient...

Posted by Maridien2 > 2021-05-07 23:57 | Report Abuse

Inari PP is to buy Dnex?

Posted by blueberg > 2021-05-08 00:34 | Report Abuse

Inari is due to release its financial results for the third quarter ended March 31, 2021 this month, and analysts are expecting a good set of numbers from the company.

Posted by DreamHunter > 2021-05-08 01:10 | Report Abuse

yah kah

Posted by DreamHunter > 2021-05-08 01:10 | Report Abuse

sure boh