Wednesday, May 17, 2017

Results Note � Inari Amertron (BUY, maintain)

Top Calls

Results Note Inari Amertron (BUY, maintain)

- A solid quarter

3QFY17 results surprised positively with a better-than-expected EBITDA margin that was at its highest since 3Q13, likely driven by cost improvement. The impact from the new IRIS chip should have been minimal with full-quarter contribution in 4QFY17. We raise our FY17 EPS estimate by 11%. Maintain BUY and target price of RM2.60.


Other Calls

Results Note Dialog Group (HOLD, maintain)

- Topline trump expectation, earnings in line




For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports.

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