Inari Amertron takes advantage of new smart devices


PETALING JAYA: Inari Amertron Bhd is poised to benefit from the recent launch of a new range of mobile devices by an American smartphone maker.

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

According to Kenanga Research, this would mean Inari will continue to see healthy demand for RF test and assembly work as 5G adoption and availability continues to unfold.

“We are optimistic about the launch, the highlight being the introduction of a 120Hz OLED display panel which is the very first implementation in its line of smartphones.

“This high refresh rate digital signage will only be available on flagship models.

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

Kenanga maintained Inari’s net profit forecast for fiscal years 2021 (FY21) and FY22 at RM394.0 million and RM 451.8 million, respectively.

“We reiterate our call for ‘outperformance’ and our price target of RM 4.80, based on a forecast price-earnings ratio for fiscal 22, at a positive standard deviation of two from the over-average. three years, ”he said.

The research house also noted that all refreshed models in the recently announced lineup have kept their starting price, with some models having twice the storage capacity at no additional cost.

Meanwhile, the launch event featured other products as well, including a new entry-level tablet and a mini tablet with an updated chipset and new 5G support.

“There’s also a new seventh-generation smartwatch, which offers a larger screen in the same form factor with redesigned dials and the inclusion of more exercise-oriented apps,” he said.

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