INARI 0166 Share Price
RM3.41
52 Weeks Range : 1.3 - 3.75
4.7/10
(Expert Score)
Product is rated as #18 in category BM Technology
PROS:
- Small Dividend Payout
- Positive Cash Company
- Very Low Gearing
- Very High Trading Value
CONS:
- Poor Income Near Future
- Very Low Price-to-Tangible
klse: Inari Amertron Bhd
Corporate Information
Board : Main
Shariah : Shariah Compliant
Sector : Semiconductor
Address: Plot 5, Jalan Hilir Sungai Keluang 3, Phase 4 Bayan Lepas Free Industrial Zone, Bayan Lepas, 11900, Penang
Contact: +604-6456618
Website: https://www.inariberhad.com/
Corporate Background
Inari Amertron Berhad is an investment holding company involved in the electronics manufacturing services (EMS) industry. The Company provides semiconductor packaging services such as back-end wafer processing, assembly and testing for global customers in Radio Frequency (RF) and in Optoelectronic products. Inari has manufacturing facilities in Malaysia, China and Philippines.
Genaral Info: INARI 0166
|
Result
Quarter Report History
| Date | Revenue,k | PBT,k | Net Profit,k |
|---|---|---|---|
| 24/02/21 | 376,830 | 94,713 | 90,097 |
| 24/11/20 | 347,621 | 77,414 | 70,070 |
| 27/08/20 | 233,341 | 34,066 | 35,473 |
| 21/05/20 | 242,566 | 40,757 | 35,062 |
| 25/02/20 | 265,437 | 42,652 | 37,485 |
| 26/11/19 | 316,607 | 54,889 | 47,730 |
| 28/08/19 | 270,670 | 49,261 | 38,294 |
| 23/05/19 | 256,322 | 42,570 | 38,188 |
| 21/02/19 | 300,147 | 59,476 | 55,086 |
| 26/11/18 | 325,721 | 64,898 | 60,155 |
| 28/08/18 | 301,162 | 81,401 | 57,103 |
| 22/05/18 | 325,827 | 62,486 | 55,174 |
Fundamental
Fundamental Analysis
| Last 4 Quarter Revenue (RM’000) | 1,200,358 |
|---|---|
| Last 4 Quarter Net Profit (RM’000) | 231,350 |
| Last 4 Quarter EPS (sen) | 7.06 |
| Last 4 Quarter PER | 49.22 |
| Last 4 Quarter Dividend (sen) | 6.60 |
| Last 4 Quarter Dividend Yield (%) | 1.94 |
| Net Tangible Assets (RM) | 0.37 |
| Goodwill (RM) | 2,290 |
| Cash (RM’000) | 632,380 |
| Debt (RM’000) | 7,780 |
| Total Debt (RM’000) | 216,220 |
| Net Assets (RM’000) | 1,260,000 |
| Current Ratio | 4.04 |
| Quick Ratio | 3.43 |
| Cash Ratio | 2.48 |
Technical
Technical Analysis
| MACD (26 vs 12) | 0.03 |
|---|---|
| Exponential Moving Average 5 | 3.398 |
| Exponential Moving Average 20 | 3.333 |
| Exponential Moving Average 90 | 3.091 |
| Relative Strength Index 14 | 0.60 |
| Stochastic %D 3 | 0.63 |
| Stochastic %K 14 | 0.61 |
11 reviews for INARI 0166
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The Edge –
Inari Amertron Bhd’s share price rose 8.8% to RM3.23 on Jan 22 from RM2.97 on Jan 18. The stock has surged 82.3% over the past year to close at RM3.30 last Tuesday, giving the semiconductor company a market capitalisation of RM11.54 billion. Filings with Bursa show that the Employees Provident Fund (EPF) and Kumpulan Wang Persaraan (Diperbadankan) (KWAP) had been actively trading in Inari’s shares. As at Jan 26, the EPF had 9.05% equity interest in the company, while KWAP held an 11.8% stake.
The Star –
Kenanga Research has upgraded its target price on Inari Amertron with the return of foreign investors to Malaysia, which it expects to put the company into the limelight given its large overseas following. Inari stands out, given its 16-18% foreign shareholdings and also having one of the best international visibility among the Malaysian technology stocks. Kenanga added it is noteworthy that Inari has reached a new milestone by crossing the RM10bil mark cap last week, which reinforces its position as the Malaysian technology leader.
The Star –
The Semiconductor Industry Association (SIA) announced recently that worldwide sales of semiconductors reached US$39.4bil for the month of November 2020, an increase of 7% compared to the November 2019 total of US$36.9bil and 1.1% more than the October 2020 total of US$39bil. TA Securities, in a report last week, reiterated its “overweight” stance on the semiconductor sector. Within semiconductor universe, they continue to favour outsourced semiconductor assembly and test providers including Inari, Unisem, and MPI for their robust earnings growth prospects.
The Edge –
RHB Investment Bank Research today upped its target price for Inari Amertron Bhd to RM3.28 from RM2.87 as the former expects robust demand to continue for the latter into the first half of 2021 (1H21) on the increase in components for the latest range of 5G smartphones and strong sales which prompted a major phone maker to increase production. It reiterated its “buy” rating on the stock with a higher target price of RM3.28 based on an unchanged 37 times to FY22F target price-earnings (P/E) and dividend yield of about 2%. In a note today, RHB analyst Lee Meng Horng said with the additional capacity, margin improvement, and the alleviated worries over technological competitiveness, he continues to favour the stock as a proxy to the 5G trend.
The Edge –
CGS-CIMB has “overweight” ratings on bank, healthcare, gaming, oil and gas, electronics manufacturing services (EMS), media and rubber gloves sectors, and “underweight” ratings on chemicals and transport. The research house said in a report that it likes the bank, gaming, oil and gas, EMS and media sectors for exposure to a recovering economy post-Covid-19. In terms of stock picks, it has added Inari Amerton Bhd.
The Star –
According to Rakuten Trade Research vice-president Vincent Lau, The technology sector saw a recovery in earnings on the back of fulfilled backlog orders, demand driven by iPhone production and new 5G smartphones, as well as trade flows moving away from China. Inari Amertron Bhd reported its highest quarterly net profit in almost 11 quarters. The semiconductor company saw a 92.4% jump in net profit to RM69mil as compared to the preceding quarter. CGS-CIMB expects strong earnings recovery for Inari in the financial year 2021 (FY21), driven by higher demand for its radio frequency chips on the back of the new 5G smartphone launch by a United States-based smartphone player.
BURSA MALAYSIA –
The Group’s recorded profit after tax of RM70.1 million for the current quarter, an increase of 93.9% from RM36.1 million posted in the immediate preceding quarter. These were mainly due to higher revenue from the RF business which helped offset against unfavorable movement in forex exchange and higher tax provision.
REMUNERATION STUDY –
In Financial Year End 2020, the directors’ remuneration was 7.29 million. It was slightly high compared to average in listed companies, considering the employees’ remuneration of 194.2 million and auditor’s remuneration of 236 thousands
BURSA MALAYSIA –
The Group’s recorded profit after tax of RM36.1 million for the current quarter, an increase by 3.1% from RM35.1 million posted in the immediate preceding quarter. These were mainly due to gain from disposal of a property in Senai, Johor and reversal of deferred tax provision in current quarter despite lower volume loading , changes in product mix and unfavorable movement in forex exchange .
BURSA MALAYSIA –
The Group’s revenue and PBT for the current quarter of RM242.6 million and RM35.1 million respectively, compared to the revenue and PBT of RM265.4 million and RM37.5 million respectively in the preceding quarter. The revenue decreased was due to lower volume loading quarter-on-quarter and lower of production volume at our China and Philippines plants resulted from the implementation of lockdowns to contain Covid-19. The decrease in PBT were mainly due to decrease in sales volume and changes in product mix.
INVESTING MALAYSIA –
INARI (20 DEC 19) Inari Amertron Bhd, whose shares nosedived yesterday on news of US-based Broadcom Inc planning to sell off its wireless-chip unit, staged a mild recovery this morning.
REMUNERATION STUDY –
In Financial Year End 2019, the directors’ remuneration was 8.25 million. It was slightly high compared to average in listed companies, considering the employees’ remuneration of 189.5 million and auditor’s remuneration of 240 thousands
Investing Malaysia –
Average investing volume for Inari Amertron Bhd in the past three months in stock market was 14503.8k lots
Investing Malaysia –
INARI gets a score of 9.77 in our equity and assets quality test based on current share price of RM1.65
Investing Malaysia –
Inari Amertron Bhd gets a score of 25.35 in our stability test after the balance sheet, money statement study
Investing Malaysia –
Stock code of 0166 in Bursa Malaysia declared adjusted 3.42% dividend yield in past few years
Investing Malaysia –
INARI is estimated to have a profit consensus of 230.51 millions, with an adjusted market capitalization of 5224.02 millions