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Top Calls
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Company Update � Inari Amertron (BUY,
maintain)
- Resetting expectations We expect Inari to report a weak set of 3QFY16 earnings on May 18 as inventory continues to be worn down and on concerns over a lacklustre new model later this year. In view of this we cut our FY16-18E EPS by 27-30%. We lower our TP to RM3.54 on the EPS cut but we roll forward our valuation horizon to 2017. Still a BUY despite an earnings blip as RF and fibre optic prospects remains exciting.
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Other Calls
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For
important disclosures, please refer to the Disclosure section at the end of
the individual linked research reports. |
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