This article originally appeared on 12th September 2019 @ mykayaplus.com
Inari Amertron Berhad is an outsourced semiconductor
assembly and test (OSAT) service provider company that provides Radio
Frequency (“RF”), Fiber-optics transceivers, Opto-electronics, sensors
and custom IC technologies.
As of the year 2018, Inari Amertron Berhad has 12 factories situated in Malaysia, Philippines and China.
Inari Amertron is a high growth company. Revenue skyrocketed from a
base of RM 120 million to RM 1.3 billion in a span of 8 years.
Profit after tax also tagged along with revenue growth trends, from RM19 million in FY 2011 to RM260 million in FY 2018 The Apple iPhone Factor - A Catalyst or An Obsolete Factor?
Competition has been stiff in the smartphone industry. Apple risks
losing its 3rd spot to Xiaomi by the very close call, with Oppo and Vivo
all gaining market rapidly.
Apple iPhone sales haven't been that great either. Device sales have
faced severe disruption from up and coming new phone device makers from
China. From the graph below we see iPhone sales unit growth close to 0%
for the past few years, while revenue edged up, signifying added
premiums charged by Apple for its phone devices.
Inari Amertron Bhd should still have one last trump card its sleeve. 5G
is the up and coming trend and catalyst in the tech and semiconductor
industry. Leveraged well, Inari Amertron Bhd could finally outgrow from
being an Apple proxy to a global 5G chip player.
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