TA Research, which is recommending a “buy” call on the stock with a target price (TP) of RM3.60, said Inari’s core RF segment remains in expansion mode ahead of a major United States end-customer’s upcoming 5G smartphone line-up.
PETALING JAYA: Despite key downside risks, Inari Amertron Bhd
’s core radio frequency (RF) segment is on an expansion mode.
This segment accounted for 61% of the company’s nine months financial year 2022 (FY22) revenue and analysts are bullish of its growth prospects going forward amid challenges.
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