External broker reports(aggregated public sources), Kenanga Investment Bank Bhd

Kenanga Investment Bank Bhd

External broker reports(aggregated public sources)

Established for more than 45 years, Kenanga Investment Bank Berhad is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>We came away from our recent plant visit to INARI’s P13 and P55 plants in Bayan Lepas, Penang with a renewed conviction on the company after learning about its customer requesting the group to add in more RF testers for the upcoming US smartphone launch in September.</li><li>A positive change we noticed in the facility is the integration of its proprietary EMI machines with each RF tester which further widens the gap between the company and their competitors, increasing customer’s dependency on INARI.</li><li>Maintain OUTPERFORM with an unchanged Target Price of RM3.30 based on 28.5x FY23E EPS.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We came away from our recent plant visit to INARI’s P13 and P55 plants in Bayan Lepas, Penang with a renewed conviction on the company after learning about its customer requesting the group to add in more RF testers for the upcoming US smartphone launch in September.A positive change we noticed in the facility is the integration of its proprietary EMI machines with each RF tester which further widens the gap between the company and their competitors, increasing customer’s dependency on INARI.Maintain OUTPERFORM with an unchanged Target Price of RM3.30 based on 28.5x FY23E EPS.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Inari Amertron - Ramping up for a New Cycle

External broker reports(aggregated public sources), TA Securities Holdings Berhad

TA Securities Holdings Bhd

<div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Malaysia

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.

Inari Amertron (INRI MK)

Inari Amertron - Ramping up for a New Cycle

We came away from our recent plant visit to INARI’s P13 and P55 plants in Bayan Lepas, Penang with a renewed conviction on the company

Kenanga Investment Bank Bhd

Looking Forward to Another Record Year

Buy Inari Amertron Berhad: Looking Forward to Another Record Year. - By: TA Securities Holdings Bhd

TA Securities Holdings Bhd

Record High Revenue in FY21

Buy Inari Amertron Berhad: Record High Revenue in FY21. - By: TA Securities Holdings Bhd

TA Securities Holdings Bhd