Affin Hwang Capital raises target price for Inari to RM4.28

-A +A

KUALA LUMPUR (Dec 4): Affin Hwang Capital Research has maintained its ‘Buy” rating on Inari Amertron at RM3.24 with a higher target price of RM4.28 (from RM3) and said Inari continues to be its preferred outsourced semiconductor assembly and test (OSAT) play for its solid expansion and execution of strategies.

In a note today, the research house said strong and growing demand for premium RF filters has helped fuel most of Inari's growth but new drivers (IRIS IR chips and its data server segment) will help propel a 3-year forward CAGR of 35%.

“Maintain Buy with a higher target price of RM4.28,” it said.