[%AmyC%]
Research by TA
BUY – TP RM4.10

"Looking Forward to the New AI-capable Smartphone”

Following the analyst briefing, we remain optimistic about INARI's outlook, which is underpinned by the resilient earnings contribution from the radio frequency (RF) segment. Management believes that the introduction of a new AI-capable smartphone will be a solid boost to the RF segment. Meanwhile, the group will continue working on new projects as part of its customer diversification efforts. On the other hand, the new plant in China will continue focusing on new product qualifications. Overall, we maintain a Buy call on INARI with an unchanged target price of RM4.10.

Analyst:
Chan Mun Chun 
[%wlme%]

$KLSE-INARI
Research by TA
BUY – TP RM4.10

"Looking Forward to the New AI-capable Smartphone”

Following the analyst briefing, we remain optimistic about INARI's outlook, which is underpinned by the resilient earnings contribution from the radio frequency (RF) segment. Management believes that the introduction of a new AI-capable smartphone will be a solid boost to the RF segment. Meanwhile, the group will continue working on new projects as part of its customer diversification efforts. On the other hand, the new plant in China will continue focusing on new product qualifications. Overall, we maintain a Buy call on INARI with an unchanged target price of RM4.10.

Analyst:
Chan Mun Chun 
mcchan@ta.com.my