Inari, the 10 billion club, has really improved in the latest quarter
INARI's latest quarterly results have been released. Just like the QOQ results from the previous quarter, it's not a performance bomb 💣. There was actually quite a bit of foreign exchange profit and interest income in the latest quarter. Thankfully, there was also a marked increase in turnover, which is in line with the Q2 trend of 4.7% increase in global semiconductor sales.
After the stock price performance was released, it once rose to RM3.19, and recently pulled back to RM3.04. RM3 has stable support. INARI now has a market capitalization of over RM11 billion, and is the only 10 billion technology semiconductor-related stock in Malaysia. The performance in line with expectations has at least stabilized the Bursa Technology Index. Management predicts that FY2024 will resume growth, which also brings some confidence to the market.
$Broadcom(AVGO.US$ Broadcom is a major customer of Inari, and the stock price trend was consistent until December 2022. Until the situation changed in 2023, INARI's profit continued to decline YOY for the past five quarters. On the other hand, BROADCOM is also one of the AI trend stocks, so to offset the slowdown in the mobile phone business, the stock price continues to break through new highs.
INARI has come out of the bottom. As long as QOQ performance continues to grow in the second half of the year, next year's stock price trend will be even clearer.
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投资座右铭：价值为主，技术为辅，心态之上
在股市拥有超过10年的经验，主要是通过科技以及制造出口领域累积财富。
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