【INARI 0166 交流专区】益纳利

icy97

Admission Sponsor	M&A Securities Sdn Bhd
Sponsor	Same as above

EX-date	03/06/2014
Entitlement date	05/06/2014
Entitlement time	04:00:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Third Interim Single Tier Dividend of 1.20 sen per ordinary share of RM0.10 each
Period of interest payment	to
Financial Year End	30/06/2014
Share transfer book & register of members will be	to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Megapolitan Management Services Sdn Bhd No. 45-5 The Boulevard Mid Valley City Lingkaran Syed Putra 59200 Kuala Lumpur Tel : 03-2284 8311
Payment date	03/07/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	05/06/2014
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.012

icy97

Admission Sponsor	M&A Securities Sdn Bhd
Sponsor	Same as above

Type	Announcement
Subject	OTHERS
Description	INARI AMERTRON BERHAD (FORMERLY KNOWN AS INARI BERHAD) (“INARI” OR “COMPANY”) PROPOSED TRANSFER OF LISTING FROM THE ACE MARKET TO THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“PROPOSED TRANSFER LISTING”)
Reference is made to the Company’s announcements dated 8 July 2013, 10 January 2014 and 20 May 2014 in relation to the Proposed Transfer Listing. On behalf of the Board of Directors of Inari, M&A Securities Sdn Bhd wishes to announce the following additional information on Inari in compliance with Practice Note 22 of Main Market Listing Requirements of Bursa Malaysia Securities Berhad. 1.         HISTORY AND BUSINESS Inari incorporated in Malaysia on 5 May 2010 under the Act as a public limited company under the name Inari Berhad and assumed its currently name on 5 July 2013 upon the completion of the Amertron Acquisition (defined herein). Inari group was founded by Macronion Sdn Bhd, Ho Phon Guan and Insas Technology Berhad with the incorporation of Inari Technology Sdn Bhd (“Inari Technology”) on 1 June 2006. On 5 May 2010, Inari was incorporated to facilitate the initial public offering in conjunction to its listing on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities) which was completed on 19 July 2011 (“IPO”). As part of the IPO, Inari had acquired Inari Technology and Simfoni Bestari Sdn Bhd on 20 September 2010 and 21 September 2010, respectively. On 25 June 2013, Inari via its wholly-owned subsidiary, Inari International Limited, had completed the acquisition of 100% equity interest in Amertron Inc. (Global) Limited (“Amertron Acquisition”). As at the date of this announcement, Inari has been listed on the ACE Market of Bursa Securities for 2 years and 10 months. 2.         SHARE CAPITAL AND SHAREHOLDING SPREAD As at the date of this announcement, the Company has an authorised share capital of RM100,000,000 comprising 1,000,000,000 ordinary shares of RM0.10 each in Inari (“Inari Shares”) and has: (i)        ?   an issued and paid-up share capital of RM50,180,907 comprising 501,809,070 Inari Shares; and (ii)           145,326,558 outstanding five (5)-year warrants 2013/2018 in Inari. Based on the record of depositors of Inari as at 15 May 2014, the public shareholding spread of Inari is 47.38% held by 4,586 public shareholders. 3.         HISTORICAL FINANCIAL INFORMATION ON THE INARI GROUP The audited consolidated statements of comprehensive income for each of the past three (3) financial period/years up to FYE 30 June 2013 and unaudited 9 months FPE 31 March 2014 are as set out below. <----------------Audited--------------> Unaudited 14 months FPE 30 June 2011 * FYE 30 June 2012 FYE 30 June 2013 9 months FPE 31 March 2014 (RM’000) (RM’000) (RM’000) (RM’000) Revenue 119,624 180,775 241,140 569,771 Gross Profit 25,783 35,990 66,423 106,863 Other income 7,518 2,714 3,094 9,170 Profit before taxation 20,484 20,302 43,289 75,796 Add: Finance costs 839 566 1,251 3,479 Depreciation and amortisation 10,166 13,581 14,794 16,380 Less: Interest income 14 482 491 497 Earnings before interest, tax, depreciation and amortisation 31,475 33,967 58,843 95,158 Share of results from associate - - - - Taxation (1,725) (1,016) (2,046) (4,349) Profit after taxation 18,759 19,286 41,243 71,447 Profit for the period/year attributable to: Owners of the parent 18,759 19,887 42,014 70,429 Non-controlling interests - (601) (771) 1,018 Profit for the period/year, representing total comprehensive income for the period/year 18,759 19,286 41,243 71,447 Gross profit margin (%) 21.55 19.91 27.55 18.76 Net profit margin (%) 15.68 10.67 17.10 12.54 Number of Shares in issue (‘000) 248,609 331,609 442,994 495,447 Basic Earnings per Share (“EPS”) (sen) # 11.21 6.06 11.19 15.21 Diluted EPS (sen) N/A 6.06 11.05 11.74 Dividend per share (sen) 1.80 2.80 4.50 5.00 Notes: N/A       Not available *          Inari was incorporated on 5 May 2010 and commenced business on 20 September 2010. #          Based on weighted average number of shares.             The market capitalisation of Inari is RM1,364,920,670.40 based on the closing price of RM2.72 on 23 May 2014, being the market date immediately preceding the date of this announcement. This announcement is dated 26 May 2014.

icy97

益纳利美昌下周二转主板

财经新闻 财经  2014-05-31 12:11
（吉隆坡30日讯）益纳利美昌（INARI，0166，创业板）将在下个月3日，转至主要板。

马交所文件指出，益纳利美昌将转至主要板科技股，股号与股名维持不变。

电子服务业业者益纳利美昌于2011年时，就挂牌创业板。

该公司截至3月31日第三季净利按年倍增，至2496万6000令吉或每股5.19仙，大幅高于去年同期的1238万8000令吉或3.68仙。

此外，营业额则从5677万6000令吉，按年增2.37倍，至1亿9181万4000令吉。【南洋网财经】

Transfer of Listing

INARI AMERTRON BERHAD

Admission Sponsor	M&A Securities Sdn Bhd
Sponsor	Same as above

Date of Transfer	03/06/2014
Total Issued and Paid Up Share Capital in the following
Units	502,049,170
Currency	MYR 50,204,917.000
Par Value ($$)	MYR 0.100
Sector	TECHNOLOGY

1. Details of Other Type of Securities Transferred
Type of Securities	Warrants
Total No. of Securities (units)	145,086,458

icy97

轉主板引購興‧益納利續樂觀

2014-06-03 17:07      
（吉隆坡3日訊）益納利（INARI,0166,主板科技組）今日正式晉升主板，分析員認為該股如今可供更廣泛的投資者投資，相信將可吸引到更多購興。

益納利股價在開市時微揚，過後便掉頭回落，閉市時下跌6仙至2令吉74仙。

光纖業務有望首度貢獻

豐隆研究對益納利的市場前景保持樂觀，並繼續看好該股。該公司現有的無線射頻（RF）將受智能設備的盛行所帶動，同時，其光纖業務（即ISK），有望在2014財政年首度提供貢獻，協助提昇其營收成長。

在無線射頻業務方面，第五新工廠在去年10月進行擴充，目前接近全面產能，該公司正評估下一步擴張的數項選擇方案。

光電（Amertron公司）業務則獲得現有客戶的強勁需求，在增強生產效率後，賺幅從4%提高至7%。

該公司的電子測試與測量設備部門自今年1月開始交付5個新產品給安捷倫（Agilent），共有超過15個新產品正在研發中，將逐步推介給安捷倫。

益納利正探討提昇價值鏈，從EMS（電子製造服務）轉型為向ODM（原件設計製造商），以在2015年提供更廣泛的產品，這將令益納利Amertron公司建立更強大的品牌，從而提昇獲利。

豐隆保持“買進”評級，目標價為3令吉9仙。（星洲日報／財經‧報道：李勇堅）

icy97

券商買進心頭好．涉及2新業務 益納利料貢獻至少15%收入

財經股市6 Jun 2014 20:31

券商 ：興業證券研究
目標價：3.49令吉

我們看好益納利（INARI，0166，創業板科技股）涉及2個新業務，料能于2016財年前貢獻15%至20%收入，首次評估給予買進評級。

為多元化業務，益納利最近透過子公司進軍電子測試和測量（ETM）業務。同時也透過另個子公司為電纜相關產品進行研究、設計和製造活動。

此外，新加坡的Avago科技公司是益納利最大客戶，佔超過70%總銷售額。其中的原因是Avago科技公司的無線電頻率零件是全世界最可靠的，益納利將成為Avago科技公司主要的無線電頻率組裝和測試承包商，料可從中得益。

我們認為，益納利的強勁營運資金流動可支撐資產負債表上的財務狀況。2014至2016財年料將取得介于8900萬至1.52億令吉營業額，年複成長率估計達31%。

該股全日（6日）穩步走高，閉市收在2.79令吉，揚6仙，成交量達424萬3600股。【中国报财经】

icy97

Notice of Person Ceasing (29C)

INARI AMERTRON BERHAD

Particulars of substantial Securities Holder

Name	Ho Phon Guan
Address	2-4-5 Lorong Delima 13 Mutiara View 11700 Gelugor Penang
NRIC/Passport No/Company No.	550321-10-5783
Nationality/Country of incorporation	Malaysian
Descriptions (Class & nominal value)	Ordinary shares of RM0.10 each
Date of cessation	18/06/2014
Name & address of registered holder	Ho Phon Guan 2-4-5 Lorong Delima 13 Mutiara View 11700 Gelugor Penang
Currency	Malaysian Ringgit (MYR)
Number of securities disposed	5,000,000
Price Transacted ($$)	2.950
Circumstances by reason of which a person ceases to be a substantial securities Holder	Disposal of shares via Direct Business Transaction
Nature of interest	Direct
Date of notice	23/06/2014

plouffle0789

销售续复苏‧净利料更佳 半导体股短期上涨潜力大
财经新闻 财经  2014-06-25 08:23
http://www.nanyang.com/node/630515?tid=462

icy97

Date of change	30/06/2014
Name	Richard Ta-Chung Wang
Age	66
Nationality	American
Designation	Executive Director
Directorate	Executive
Type of change	Resignation
Reason	To attend to family matters
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of the shareholders	No
Qualifications	Mr Richard Ta-Chung Wang holds a Bachelor of Business Administration (Major in Finance), from University of Santa Clara, USA and Master of Business Administration from University of Sta. Clara, USA. He also holds the following professional qualifications/affiliations:- (i) American Management Association, USA (ii)Asian American Manufacturing Association, USA (iii)Semiconductor Equipment Manufacturing Industry Association, USA (iv)American Electronics Association, USA (v)Semiconductor Electronics Industry of the Philippines, Inc (SEIPI), Manila Philippines (vi)Clark Investors Locators Association, Clarkfield Pampanga
Working experience and occupation	1988 to 2013 Chairman, President/CEO in Amertron Inc. (Global) Limited (Paranaque Metro Manila, Clark Field Pampanga, Philippines and Kunshan, Shanghai)
Directorship of public companies (if any)	Nil
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest - 17,232,903 ordinary shares of RM0.10 each

icy97

益納利美昌 8配1附加股冀籌1.3億

財經股市4 Jul 2014 20:27
（吉隆坡4日訊）益納利美昌（INARI，0166，創業板科技股）建議以每8股配1附加股發行8882萬5648股，及配送1憑單，將送出8882萬5648單位憑單。

益納利美昌向馬證交所報備，較后才宣布附加股送憑單的除權日。

根據報備文件，如果附加股發售價格為每股1.50令吉，料附加股送憑單議案，可集資介于1億27萬令吉至1億3324萬令吉之間。

該公司冀望通過是項議案所籌集的資金，用作擴充（包括擴大現有廠房，及收購土地、廠房，機械與器材）、償還銀行貸款及營運資本。

上述企業活動可讓公司在無需承擔額外利息成本下，集資擴充，並提高現有股東參與度。【中国报财经】

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	INARI AMERTRON BERHAD (FORMERLY KNOWN AS INARI BERHAD) (“INARI” OR “COMPANY”) •        PROPOSED RIGHTS ISSUE WITH WARRANTS
On behalf of the Board of Directors of Inari, M&A Securities Sdn Bhd wishes to announce that Inari proposes to undertake a renounceable rights issue of up to 88,825,648 new ordinary shares of RM0.10 each in Inari (“Rights Shares”) together with up to 88,825,648 free detachable warrants (“Warrants”) at an indicative issue price of RM1.50 per Rights Share on the basis of one (1) Rights Share for every eight (8) existing ordinary shares of RM0.10 each held in Inari together with one (1) Warrant for every one (1) Rights Share subscribed at an entitlement date to be determined later (“Proposed Rights Issue with Warrants”). Kindly refer to the attachment for further details on the Proposed Rights Issue with Warrants. This announcement is dated 4 July 2014. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1677233

Attachments Inari - Announcement dated 4 July 2014.pdf

icy97

Notice of Person Ceasing (29C)

INARI AMERTRON BERHAD

Particulars of substantial Securities Holder

Name	Macronion Sdn Bhd
Address	1-03-30 (B), E-Gate Lebuh Tunku Kudin 2, Gelugor 11700 Gelugor, Pulau Pinang
NRIC/Passport No/Company No.	681912-T
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary shares of RM0.10 each
Date of cessation	04/07/2014
Name & address of registered holder	Macronion Sdn Bhd 1-03-30 (B), E-Gate Lebuh Tunku Kudin 2, Gelugor 11700 Gelugor, Pulau Pinang
Currency	Malaysian Ringgit (MYR)
Number of securities disposed	4,500,000
Price Transacted ($$)	3.115
Circumstances by reason of which a person ceases to be a substantial securities Holder	Disposal of shares via Direct Business Transaction
Nature of interest	Direct
Date of notice	04/07/2014

icy97

發附加股集資逾一億‧益納利明後年財測上調

2014-07-07 16:55      
（吉隆坡7日訊）
■新聞
益納利美昌（INARI,0166,主板科技組）建議以8配1比例配售最多8千882萬5千648股附加股，同時每1附加股送1憑單，從中集資最多1億3千324萬令吉。

附加股售價暫定1令吉50仙，預期最多籌得1億3千324萬令吉，憑單轉換價為2令吉，若全數轉換，最多可得1億7千765萬令吉。

兩大股東Insas科技公司和Insas大廈公司承諾認購最少2千134萬8千665股、最多2千324萬3千221股附加股。

■分析
豐隆研究指出，除了集資途徑外，該行對益納利美昌的積極擴張計劃不感驚訝。該公司第五間無線頻率新廠已接近85%全面產能，因此正在評估下一階段擴張的數個選項，包括使用第五廠的樓頂、收購土地建廠或採購現成的工廠。這強烈顯示了益納利美昌的無線頻率業務繼續享有強大成長。

豐隆在納入無線頻率領域在2015年的更積極擴張之後，將益納利美昌的2015-16財政年財測分別調高8.7%和7.6%，2014年則保持不變，目標價也從3令吉零9仙上調10.4%至3令吉41仙，本益比估值為15.1倍。

建議認購附加股興業研究建議投資者認購此附加股，因從中所籌集的資金（超過1億令吉）將用於擴張核心業務以在長期帶動盈利成長。

該行表示，憑單行使價2令吉，相等於益納利美昌理論除權價2令吉95仙的32.2%折價，這將吸引投資者認購附加股，因憑單處於嚴重已到價水平。



（ 星洲日報／財經）


財經股市8 Jul 2014 17:42
http://www.chinapress.com.my/node/541599

（吉隆坡8日訊）券商看好益納利（INARI，0166，主要板科技）本財年末季料交出創紀錄盈利表現，估計2015財年淨利漲幅達34%。

益納利管理層指無線電頻率產品需求強勁復甦，相信成長源自主要客戶Avago。這類產品在今年總產量料達16億單位，按年增15%。

有信心賺幅改善10%

雖然該公司淨賺幅改善至7%到8%之間，但管理層相信仍有空間提高至約10%。

益納利打算在檳城收購新工廠，為現有使用率超過85%工廠帶來額外產能。隨著旗下ISK公司投入運作，該公司面對人才流失問題，因此打算將ISK營運遷移至新工廠，以便在未來進行大勢生產。

艾芬投資研究報告稱：“我們相信這有助降低成本，檳城良好開發生態系統有助改善效率。”

該公司為執行擴展計劃，建議進行附加股，雖會稀釋每股盈利，但益納利盈利表現正面且有利公司長期發展。

該行維持益納利“買進”評級和4.26令吉合理價，該公司具較好盈利素質和可見度，有助未來重估潛能。【中国报财经】

sephiroth9457

Inari Amertron - Connecting dots for greater success
Date: 09/07/2014
http://klse.i3investor.com/servlets/ptres/24050.jsp

A growth stock with projected 3-year earnings CAGR of 61%.

Provides exposure to the fast-growing smart devices and fibre-optics markets via its partnership with Avago.

Initiate with BUY; MYR4.20 cum-rights TP (17x CY15 PER) offers 30% upside and backed by 2+% net yield in FY15.

Promising new catalysts and growth prospects
Demand for smart devices, adoption of faster cellular network (i.e. from 3G to LTE) and cloud computing activities are on the rise. International Data Corporation (IDC) expects smartphone shipments to grow to 1.8b units in 2018 (2013: 1b units), representing a 5-year CAGR of 12.3%. Global adoption of LTE/LTEA cellular networks remains low. Shifts to faster cellular networks increase the complication and content of radio frequency (RF) chips in smart devices. Meanwhile, Cisco’s forecasts of a >10x jump in global mobile data traffic to 15.9 exabyte (EB)/month by 2018 will prompt higher usage of fibre-optic components to facilitate faster data transmission.

Against this backdrop, Inari Amertron’s (Inari) growth trajectory is promising, riding on the growth of its strategic partner, Avago, a key OEM to global electronics players (i.e. Apple, Samsung, LG). As one of Avago’s key electronics manufacturing services (EMS) companies, Inari is well-equipped to ride the wave of growth with core competencies in the packaging, manufacturing and testing of RF chips and fibre-optics transceivers. Its operations are well supported by the Government with matching R&D grants and pioneer status.

Risk/reward ratio is compelling, valuations are undemanding at 12.9x CY15 PER with a PEG of just 0.5x. We see potential upside to earnings on the back of (i) a potential uptick in demand for smart devices and (ii) new manufacturing contract awards. We initiate coverage with a BUY and MYR4.20 cum-rights TP (17x CY15 PER).

Source: Maybank Research - 9 Jul 2014

sephiroth9457

Inari Amertron - Surprise Cash Call

Date: 07/07/2014
http://klse.i3investor.com/servlets/ptres/24020.jsp

Source	:	RHB
Stock	:	INARI		Price Target	:	3.49	|	Price Call	:	BUY
				Last Price	:	3.31	|	Upside/Downside	:	+0.18 (5.44%)

---

Inari Amertron has proposed a 1-for-8 rights issue at an indicative price of MYR1.50. The rights shares will come with free warrants at a 1:1 ratio at  a  MYR2.00  exercise price. We advise investors to subscribe for the rights  shares  as  we  believe  the  proceeds  raised  (estimated  at >MYR100m)  will likely be used to expand its core businesses  to propel earnings growth  in the long run.  Hence, we maintain  BUY, with our FV still at MYR3.49 (or MYR3.16 ex-rights).

• Salient  details.  The  rights  price  of  MYR1.50  represents  a  discount  of 49.1%  to  its  theoretical  ex-rights  price  of  MYR2.95,  based  on  its  last closing. At its existing share base of 534.8m shares, we estimate that the rights issuance could raise MYR100.3m.
• Utilisation of proceeds.  Management highlighted that some MYR60mof  the  proceeds  raised  will  be  used  to  expand  its  existing  businesses, which  would  involve  setting  up  new  plants  as  well  as  procuring  new equipment.  This,  in  our  view,  would  most  likely  cater  for  future  growth opportunities  within  its  radio  frequency  integrated  circuits  segment,  as we  have  highlighted  previously  that  existing  capacity  is  almost  fully occupied at an average utilisation rate of over 85%.
• In-the-money warrants.  The  indicative  exercise price of the warrants  at MYR2.00  implies  a discount of  32.2%  over Inari  Amertron’s theoretical ex-rights price of MYR2.95. This,  in our view,  would entice investors to subscribe for the rights as the warrants will be issued deep in the money.On a side note, its major shareholder Insas (INS MK, NR)  has agreed to subscribe  for  its  entitlements  of  the  rights  shares  in  full  via  Insas Technology and Insas Plaza SB.
• Maintain  BUY.  We  believe  the  cash  call  would  help  to  expand  Inari Amertron’s  core  businesses  to  propel  earnings  growth  going  forward, and  advise investors to subscribe  for  the  rights  shares.  Maintain  BUY, with our fully-diluted FV unchanged at MYR3.49 (16x CY15F P/E). Upon completion  of  the  proposed  rights  issue,  our  ex-rights  FV  would  be adjusted to MYR3.16.  While  this may appear to offer limited upside fornow,  we  will  revisit  our model  upon management’s  confirmation  of  the potential earnings accretion from its new expansion opportunities ahead.
  

Source: RHB

TYT

Inari -ca呢？值得买吗？

icy97

业绩料有惊喜　益纳利大步走高

财经 2014年8月5日
（吉隆坡25日讯）益纳利美昌（Inari，0166，主板科技股）即將出炉的末季业绩，预料將捎来惊喜，该股今日大幅走高。

兴业研究指出，益纳利美昌即將公佈2014財政年末季业绩相信將会超越其预测，乐观的期待將激励短期的投资情绪。

此外，分析员也指出，接下来，Avago的无线业务持续成长，將协助推升益纳利美昌中期的盈利成长。

该股今日一度上涨至3.31令吉，闭市收在3.29令吉，涨13仙或4.11%，是今日涨幅第12大的股项，成交量则有210万股。

全年盈利可达8800万

兴业研究预期，益纳利在2014財政年全年盈利將可达到8800万令吉，主要是因为其综合包装机测试服务的高需求带动。

其中，从Avago科技有限公司最新的季度业绩显示，亚洲智能手机原装配件厂商，对於无线產品的需求有大幅增长的趋势。

这预料將让作为Avago3家射频集成电路装配及测试厂商之一的益纳利美昌从中受惠。

另外，分析员也预期，今年9月及10月，iPhone6及iPadAir2推出之后，需求动力预期將会持续至2015財政年上半年。Avago目前为iPhone5S及iPadAir各提供两种晶片。

分析员预期，iPhone6將会更畅销，打破iPhone5S在2013年9月推出的第一週，售出的900万部的销售记录。

新iPhone提振

这预计將提振投资者对益纳利美昌的购兴，分析员认为，该公司是iPhone6主题下，最直接受惠的大马上市公司。

与此同时，Avago也为近期推出的小米手机4（Mi4）提供晶片，小米今年上半年的手机出货量高达2600万部，比去年同期的700万部，明显提高，该公司更预计在2015年將手机出货量增加至1亿部。

若该公司成功达到这个目標，Avago的无线產品需求，將会大幅增加，益纳利美昌將间接受惠。

鑑於Avago亮眼的表现，分析员预期益纳利美昌末季將交出更好的表现，因此，上调2014年的盈利预测8.3%，至9610万令吉。

不过，仍维持2015及2016財政年核心净利预测，分別为1亿2990万令吉及1亿5250万令吉。

兴业研究维持益纳利美昌的「买入」建议。

合理价格则从3.49令吉，上调至3.82令吉。【东方网财经】


客户Avago业绩佳 益纳利美昌净利看涨
财经新闻 财经  2014-08-07 11:35
http://www.nanyang.com/node/640289?tid=462

icy97

INARI AMERTRON BERHAD

Type	Announcement
Subject	OTHERS
Description	INARI AMERTRON BERHAD - ACQUISITION OF 5.05 ACRES OF INDUSTRIAL LEASEHOLD LAND IN BATU KAWAN INDUSTRIAL PARK, PULAU PINANG
Please refer to the attachment for the full text of the announcement. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1710349

Attachments Batu kawan - announcement(latest).pdf

icy97

益纳利全年净利料再创新高

财经 2014年8月18日
（吉隆坡18日讯）益纳利美昌（INARI，0166，主板科技股）即將在本月尾公佈2014財政年末季和全年业绩，分析员预计该公司在多个利好因素的加持下，全年净利料再创新高。

益纳利美昌將在本月26日公佈2014財政年第4季业绩（截至6月30日止），营业额和净利料按年走高，主要由3大利好因素所支撑，包括射频芯片（RadioFrequency）需求走高、菲律宾和中国营运的赚幅好转、以及Ceedtec公司作出正面贡献。

艾芬投行分析员表示，益纳利美昌2014財政年的净利料再创新高，核心净利或按年飆涨119%，至1亿零80万令吉。

除此之外，管理层指公司赚幅已提高至6%到8%，好於去年中旬的4%。

该分析员补充，「整体来说，我们认为益纳利美昌2014財政年全年业绩將符合预期，同时成为半导体领域里，获利能力最强的公司。」益纳利美昌之前建议以8配1比例发附加股，预计可集资1亿3320万令吉。

由於射频芯片的生產线已全面启用，该公司正计划从附加股所筹得的资金当中，拨出6000万至8000万令吉来提升其生產力。

分析员对此表示，从以往辉煌的发展史来看，益纳利美昌有能力在短期內再次落实发展计划。

不过，他指出，该公司的派息率预计將低于之前的40%。因此，他將2014財政年派息率预测从40%，下调至28%。

无论如何，该公司今年首9个月已派每股5仙股息，高於去年同期的每股4.5仙。

另一方面，益纳利美早前和檳城发展局（PDC）签下一项买卖协议，以800万令吉收购一块位於北海峇都加湾的地皮。

马银行金英投行分析员表示，益纳利美昌以每平方呎36令吉买下这一块地皮是合理的。

「我们对此抱持正面看法，但新工厂的建筑工程要等到2016年才开始，短期內不会作出任何净利贡献。」

艾芬投行和马银行金英投行均维持益纳利美昌的「买进」评级，同时也分別维持4.26令吉和4.20令吉的目標价。【东方网财经】


券商買進心頭好．光纖電纜業務 益納利美昌最新催化劑
財經股市19 Aug 2014 20:54
http://www.chinapress.com.my/node/553233

券商：馬銀行投銀
目標價：4.20令吉

icy97

INARI AMERTRON BERHAD

Type	Announcement
Subject	OTHERS
Description	INARI AMERTRON BERHAD (“INARI” OR “THE COMPANY”) - SUBSCRIPTION OF SHARES IN HEKTAR HARUMAN SDN BHD
The Board of Directors of Inari Amertron Berhad (“Inari” or “the Company”) wishes to announce that the Company has on 26 August 2014 entered into a Subscription Agreement with Dato’ Goh Eng Hoe and Mr Goh Eng Shit for the subscription of 399,900 new ordinary shares of RM1.00 each in Hektar Haruman Sdn Bhd (“Hektar”) at an issue price of RM1 per share for a total subscription price of RM399,900 (“Share Subscription”). Upon completion of the Share Subscription, Hektar will become a 99.975% owned subsidiary of Inari. Please refer to the attachment for the full text of the announcement. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1721505

Attachments Bursa - Hektar annoucement (draft .pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30/06/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/06/2014	30/06/2013	30/06/2014	30/06/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	223,884	67,661	793,655	241,140
2	Profit/(loss) before tax	31,439	13,537	107,235	43,289
3	Profit/(loss) for the period	31,006	12,768	102,453	41,243
4	Profit/(loss) attributable to ordinary equity holders of the parent	30,845	13,116	101,274	42,014
5	Basic earnings/(loss) per share (Subunit)	6.23	3.69	21.42	11.19
6	Proposed/Declared dividend per share (Subunit)	1.80	1.00	6.80	4.50
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5042		0.3565

Type	Announcement
Subject	OTHERS
Description	Inari Amertron Berhad ("Inari" or "the Company") - Interim Dividend for the financial year ended 30 June 2014
The Board of Directors of Inari is pleased to declare a fourth interim single tier dividend of 1.80 sen per ordinary share of RM0.10 each in respect of the financial year ended 30 June 2014. The entitlement and payment date of the dividend will be announced at a later date. This announcement is dated 26 August 2014.

icy97

具盈利動力‧益納利美昌展望不俗

2014-08-29 17:11      
（吉隆坡29日訊）益納利美昌（INARI,0166,主板科技組）2014財政年第四季表現符合預期，分析員預期該公司的營業額及淨利將繼續增長，普遍看好其前景。

該公司第四季核心淨利按年倍增至3千100萬令吉，全年更飆漲141%，衝上1億零100萬令吉，歸功於美昌（Amertron）業務完成整合、科技業務轉強等。

分析員認為，益納利美昌的成長主要是因為其主要客戶安華高科技公司（Avago）對其公司產品需求增加，以及擁有51%股份的Ceedtec替安捷倫（Agilent）把設計原型轉為量產而帶來的正面貢獻。

受惠電子產品需求走高

益納利美昌在檳城的巴都加灣工業區收購了佔地5.5英畝的廠房，繼續發展其光纖部門，馬銀行研究指出，新廠產能超過該公司其餘4家廠房的總和，發展潛能可觀。

思科（CISCO）預計，2018年時全球的移動數據用量將增加10倍至每月15.9艾字節（Exabyte），因此光纖的需求增加將令益納利美昌從中獲益。

另一方面，肯納格研究也認為市場對平板電腦及手機的需求會使益納利美昌的射頻（Radio Frequency）業務持續走強，光電業務也因更好的成本管理而會更佳營業額。



（星洲日報／財經‧報道：陳林德）