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NewsAffinHwang maintains 'buy' on Inari, raises target to RM5.15
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AffinHwang maintains 'buy' on Inari, raises target to RM5.15
by Cals Wed 16 Dec 2015, 01:25
AffinHwang maintains 'buy' on Inari, raises target to RM5.15
By theedgemarkets.com / theedgemarkets.com | December 15, 2015 : 8:44 AM MYTKUALA LUMPUR (Dec 15): [size=16]AffinHwang Capital Research has maintained its "buy" rating on Inari Amertron Bhd ([You must be registered and logged in to see this image.]Valuation: 1.50, Fundamental: 3.00) at RM4.26 with a higher target price of RM5.15 (from RM4.28) and said it expects Inari's share price outperformance to continue in 2016 as organic growth resumes.
In a note today, the research house said that with rising contribution from its profitable RF division and potential spillover effects from further outsourcing opportunities, prospects for a re-rating are high, in its view.
"Reaffirm 'buy' with a higher target price of RM5.15.
"If we roll over our valuation basis to CY17E, our fair value rises to RM6.33. A top country pick for 2016," it said.
(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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