INARI (0166) 益纳利美昌 - [INARI AMERTRON BHD,光电子领域表现出弹性] - James的股票投资James Share Investing

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 [INARI AMERTRON BHD,光电子领域表现出弹性]

这集团的税前利润由7,240万令吉增加12.4%至8,140万令吉,税后溢利由截至2017年6月31日止的相应季度的6600万令吉增加1.4%至6,690万令吉。税前利润增加是主要由于出售资产收益,但由于这集团最大的营运附属公司Inari Technology Sdn Bhd的有效所得税率上升,税后利润相对较低。

与上一季度相比,这集团的税前利润由6,250万令吉增加30.3%至8,140万令吉,税后利润由上一季度的5,550万令吉增加20.5%至6,690万令吉,主要由于出售资产收益所致和有利的外汇汇率。

截至2018年6月30日止年度,这集团的收入由去年同期财务期间的11.767亿令吉增加16.9%至13.76亿令吉。这集团的税前利润由2.41亿令吉增加22.6%至2.955亿令吉,税后利润由去年同期的2.286亿令吉增加13.8%至2.601亿令吉,主要由于工厂产出同比需求增加,产品组合变化,资产卖出收益所致,尽管折旧成本较高且税收增加。

前景:
国际货币基金组织(IMF)在2018年7月的“世界经济展望”最新报告中指出,2018年和2019年的全球增长预计为2018年4月预测的3.9%,但扩张变得不那么均匀。在Gartner的2018年5月29日新闻稿中,智能手机向终端用户的全球销售在2018年第一季度恢复增长,同比2017年增长1.3%,与2017年第一季度相比,2018年第一季度手机总销量达到4.55亿部。

世界半导体贸易统计(WSTS)预计,2018年和2019年世界半导体市场将分别增长至4630亿美元和4840亿美元。 2018年,这个增长率为12.4%。这反映了所有主要类别的预期增长,其中包括存储设备的增长率为26.5%,其次为模拟率为9.5%。 2018年,预计所有地理区域都将增长。预计到2019年,所有主要产品类别和地区都将增长,整体市场增长4.4%,其中包括传感器增长最快,接着是光电子和模拟技术的发展。

这集团当前季度(1QFY19)的表现与Gartner的评论和WSTS的预测一致 - 他们认为旗舰智能手机的射频领域存在一些挑战,而光电子领域继续表现出弹性。从积极的方面来看,制造业活动从中国转移到东盟国家的预期以及近期令吉的下降,比索和人民币汇率对这集团有利。除寻求投资机会以提升其整体增长外,这集团继续致力于新制造项目。
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James Ng Stock Pick Performance:
Since Recommended Return:

1) Gtronic (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.85 in 1 month 21 days, total return is 31.3%

2) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.84 in 17 days, total return is 17.5%

3) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.88 in 1 month 28 days, total return is 10.7%

我希望将我的策略分享给读者,希望他们在阅读后能够表现出色。我正在使用基本面分析(Fundamental Analysis):

预计公司每年的增长率必须> 14%

我想说服读者学习基本面分析FA以便能从股市赚钱。

我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人,可以通过 jamesngshare@gmail.com 或我的FB页面 https://web.facebook.com/jamesshareinvest/ 与我联系

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James Ng
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[INARI AMERTRON BHD, optoelectronics segment shows resilience]

The Group’s profit before tax increased by 12.4% to RM81.4 million from RM72.4 million and profit after tax increased by 1.4% to RM66.9 million from RM66.0 million compared to the corresponding quarter ended 31 June 2017. The increase in profit before tax was mainly due to the gain on disposal of assets but the after tax result was relatively lower due to increase in effective income tax rates for the Group’s largest operating subsidiary, Inari Technology Sdn Bhd.

The Group’s profit before tax increased by 30.3% to RM81.4 million from RM62.5 million and profit after tax increased by 20.5% to RM66.9 million from RM55.5 million in the immediate preceding quarter which were mainly due to gain on disposal of assets and favourable foreign exchange rates compared to the immediate preceding quarter.

The Group’s revenue for the year ended 30 June 2018 recorded an increase of 16.9% to RM1,376.0 million from RM1,176.7 million compared to the preceding year corresponding financial period. The Group’s profit before tax increased by 22.6% to RM295.5 million from RM241.0 million and profit after tax increased by 13.8% to RM260.1 million from RM228.6 million in the preceding year corresponding financial period mainly attributable to increase in demand of factory output year-on-year and changes in product mix, gain on disposal of assets, despite higher in depreciation cost and increase in taxation.

Prospects:
The International Monetary Fund (IMF) in its July 2018 World Economic Outlook update reported that global growth for 2018 and 2019 is projected at 3.9% as forecast in the April 2018, but the expansion is becoming less even. In Gartner’s 29 May 2018 press release, global sales of smartphones to end users returned to growth in the first quarter of 2018 with a 1.3 percent increase over the same period in 2017, compared to the first quarter of 2017 sales of total mobile phones and reached 455 million units in the first quarter of 2018.

World Semiconductor Trade Statistics (WSTS) expects the world semiconductor market to grow in 2018 and 2019 to US$ 463 billion and US$ 484 billion respectively. For 2018, this represents growth of 12.4%. This reflects expected growth in all major categories, with an extraordinary growth from memory devices at 26.5% followed by analog with 9.5%. In 2018, all geographical regions are expected to grow. For 2019, all major product categories and regions are forecasted to grow with the overall market up 4.4 percent, with sensors contributing the highest growth followed by optoelectronics and analog.

The Group’s current quarter (1QFY19) performance appears consistent with Gartner’s review and WSTS’s forecasts – they see some challenges in the RF segment for the flagship smartphones while the optoelectronics segment continues to show resilience. On the positive side, the anticipation of moves of manufacturing activity out of China to ASEAN countries and the recent drop in the ringgit, peso and renminbi exchange rates are favorable to the Group. The Group continues to work on new manufacturing projects in addition to looking out for investment opportunities to enhance its overall growth.
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James Ng Stock Pick Performance:
Since Recommended Return:

1) Gtronic (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.85 in 1 month 21 days, total return is 31.3%

2) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.84 in 17 days, total return is 17.5%

3) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.88 in 1 month 28 days, total return is 10.7%

I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:

the forecasted growth of a company must > 14% per year

I wish to convince readers to learn FA in order to make money from stock market.



I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page https://web.facebook.com/jamesshareinvest/

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James的股票投资James Share Investing Blog: https://klse.i3investor.com/blogs/general/

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Final decision is always yours, thank you.

James Ng

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