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Inari Amertron seen to gain from new smart devices


PETALING JAYA: Inari Amertron Bhd is poised to be a beneficiary of the recent launch of a new range of mobile devices by a United States smartphone manufacturer.

The smartphone company aims to double its support of 5G to 200 carriers across 60 countries by working on custom designed antennas and radio frequency (RF) components to support more frequencies.

This, opined Kenanga Research, would mean that Inari will continue to see healthy demand for RF test and assembly jobs as the adoption and availability of 5G continues to roll out.

“We are positive on the launch, with the main highlight being the introduction of a 120Hz OLED display panel which is the first ever implementation in its smartphone line-up.

“This dynamic high refresh rate display will only be available in the flagship models.

“This is supported by the new A15 chipset which is based on Taiwan Semiconductor Manufacturing Company’s N5P processor, with faster processing speed by 44% while achieving 2.5 hours longer battery life,” said the research house.

Kenanga has maintained Inari’s net profit forecast for financial year 2021 (FY21) and FY22 at RM394.0mil and RM451.8mil, respectively.

“We reiterate our ‘outperform’ call and target price of RM4.80, based on a 40 times FY22 forecast price to earnings ratio, at a positive two standard deviation of the three-year mean,” it said.

The research house also noted that all refreshed models in the newly announced line-up had retained their starting price, with some models having twice the storage capacity at no extra cost.

Meanwhile, the launch event also had other products, including a new entry-level tablet and a mini tablet with a refreshed chipset and new 5G support.

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“There is also a new seventh-generation smartwatch, which offers a larger display in the same form factor with redesigned watch faces and the inclusion of more exercise orientated applications,” it said.





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