Inari Amertron

[winston]

not vested

Inari’s FY24 outlook likely to improve

PETALING JAYA: Near-term challenges due to lacklustre smartphone shipment will continue to weigh on Inari Amertron Bhd, whose core earnings at RM255mil for the nine-month period of financial year 2023 missed analysts’ estimates.

For the period under review, revenue came in lower by 12.9% year-on-year to RM1.06bil amid low demand for consumer devices, while 3Q23 revenue and core profit fell 23.5% and 41% from a year ago, with weaknesses seen in the radio frequency and optoelectronic businesses, said the research house.

Going forward, it expects new power modules on the system-on module platform, sensors, memory, and power LED to drive growth in FY24.

Source: The Star

https://www.thestar.com.my/business/bus ... to-improve

[winston]

not vested

Semiconductor players set to see rebound this year

In the outsourced semiconductor assembly and test space (Osat), Kenanga Research said its preference remains with Inari Amertron Bhd due to its proactive strategy towards artificial intelligence-related products.

Inari has initiated low-volume production through a single line for a memory customer, with plans to expand to four lines by June this year.

The company has indicated that this venture into memory products will eventually position it to capitalise on the growing demand for artificial intelligence (AI) applications, as memory plays a crucial role alongside graphical processing power.

Furthermore, its foray into optical transceivers is gaining momentum, driven by the transition to 800 gigabits per second by customers seeking faster data transfer rates within data centres to accommodate growing AI adoption, it added.

Meanwhile, for its radio frequency business (about 63% of group revenue), Inari anticipates the upcoming low cycle in 1Q23 to be manageable, cushioned by the absence of power interruptions that occurred in the prior quarter.

Source: The Star

https://www.thestar.com.my/business/bus ... -this-year