Tech Inari’s near-term outlook remains encouraging, says AffinHwang Capital Research
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Tech Inari’s near-term outlook remains encouraging, says AffinHwang Capital Research
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[size=28]Inari’s near-term outlook remains encouraging, says AffinHwang Capital Research
By theedgemarkets.com / theedgemarkets.com | June 14, 2016 : 8:35 AM MYTKUALA LUMPUR (June 14): AffinHwang Capital Research has maintained its “Buy” rating in Inari Ametron Bhd with a target price of RM3.54 and said Inari’s near-term outlook remains encouraging with a likely earnings rebound set for 4QFY16 following key customer Broadcom’s upbeat guidance for its wireless segment.
In a note today, the research house said Inari’s long-term drivers are in place as Inari further entrenches itself in the data-network segment.
“Reaffirm Buy and 12-month target price of RM3.54, based on 18x CY17E PER,” it said.
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