Better results expected for Inari in first half of FY21

RHB Research has reduced Inari’s forecasts for FY2020 to FY2022 by 14% to 0.2%, to impute lower margin and higher effective tax rate assumptions.

PETALING JAYA: Inari Amertron Bhd is expected to post better earnings in the first half of the financial year ending June 30,2021 (FY21), stimulated by the launch of new smartphone and greater adoption of 5G phones, say analysts.

The outsourced assembly and test (OSAT) company had reported core earnings for the nine months of FY20 that were below analysts’ expectations, leading to a cut in earnings forecast for financial years 2020 to 2022.