Latest news with #Inari
BusinessToday
10-07-2025
- Business
- BusinessToday
Stock Today: Inari Amertron Drop 4.4% On Tech Sector Pressure
Inari Amertron Bhd closed down RM0.09, or 4.39%, at RM1.96 by early afternoon (2.28pm), with trading volume reaching about 2.013 million shares. The decline reflects broader unease in the technology sector, as ongoing US‑Malaysia tariff tensions and global rate uncertainties ripple through markets. Investor caution has risen following Washington's 25% tariff announcement on Malaysian exports, a move that compounds sector‑wide concerns amid the semiconductor supply chain. While Malaysia has secured a partial exemption for chip hardware, the shift in trade dynamics has continued to pressure tech stocks. Inari, being a contract electronics manufacturer, is sensitive to both trade friction and global demand variations. Further complicating sentiment is anticipation around Bank Negara Malaysia's possible overnight policy rate cut this Wednesday. A Bloomberg survey reveals analysts remain split, with about half expecting a reduction. A cut may ease domestic funding costs, but also signals weaker economic prospects, potentially dimming tech sector growth expectations. Inari's share price also sits approximately 4.4% below its 52‑week peak of RM2.05. The stock opened at RM2.01, peaked at RM2.01, and hit a session low of RM1.93. With volumes skewed toward sell orders, market watchers note investor repositioning in response to headline risks. Looking ahead, Inari's stock trajectory will hinge on ongoing trade negotiations, especially regarding tariff relief or exemptions for semiconductor-linked exports. Additionally, updates on the central bank's rate decision and macroeconomic data could sway near‑term sentiment. Despite the current weakness, analysts suggest that smoother trade conditions and a reaffirmed demand outlook for semiconductor packaging and sensors, key Inari business line,s could restore investor confidence in the medium term. Related
India.com
08-07-2025
- General
- India.com
From Gods To Guardians: 7 Countries That Worship Animals—A Cultural Eye-Opener
photoDetails english Updated:Jul 08, 2025, 04:26 PM IST India – Cows (Symbol of Life & Motherhood) 1 / 7 India – Cows (Symbol of Life & Motherhood) In Hinduism, cows are considered sacred and are seen as a symbol of nourishment, motherhood, and non-violence. Cows are often decorated, fed special food, and worshipped during festivals like Govardhan Puja and Gopashtami. Killing cows is banned in many Indian states. Egypt – Cats (Guardians of the Afterlife) 2 / 7 Egypt – Cats (Guardians of the Afterlife) In ancient Egypt, cats were revered for their connection to Bastet, the goddess of home, fertility, and protection. Cats were mummified, worshipped in temples, and considered protectors of households from evil. Harming a cat in ancient Egypt was a serious crime. Nepal – Dogs (Guardians & Loyal Companions) 3 / 7 Nepal – Dogs (Guardians & Loyal Companions) During Kukur Tihar, dogs are celebrated for their loyalty and protection. Dogs are adorned with garlands, tika (red mark), and special treats to honor their connection to Yama, the god of death. Stray dogs also get love and food during this festival. Thailand – Elephants (Symbols of Royalty & Wisdom) 4 / 7 Thailand – Elephants (Symbols of Royalty & Wisdom) Elephants are symbols of strength, wisdom, and good fortune in Thai culture and Buddhism. Celebrations like National Elephant Day involve blessing elephants, feeding them, and parades. White elephants are associated with Thai royalty. Japan – Foxes (Inari's Messengers) 5 / 7 Japan – Foxes (Inari's Messengers) In Japanese Shinto tradition, foxes (kitsune) are sacred animals, believed to be messengers of Inari, the deity of rice, prosperity, and fertility. Fox statues are found at Fushimi Inari shrines, where people leave offerings of rice and sake, and the cultural impact is that Fox masks and imagery are common during festivals. Mongolia – Horses (Symbols of Freedom & Spirit) 6 / 7 Mongolia – Horses (Symbols of Freedom & Spirit) Horses are deeply respected in Mongolian culture as symbols of freedom, power, and spiritual connection to nature. Horses are central to the Naadam Festival, involving races and ceremonial blessings. The cultural impact is that Horses are treated as family members in nomadic lifestyles. China – Dragons (Mythical Beasts of Prosperity) 7 / 7 China – Dragons (Mythical Beasts of Prosperity) They believe that Dragons are revered in Chinese mythology as powerful, benevolent creatures that bring rain, wealth, and protection. Dragons are celebrated during events like the Dragon Boat Festival and Chinese New Year through dances and parades. The cultural impact is that Dragons symbolize imperial power and cosmic energy.
The Star
22-05-2025
- Business
- The Star
Inari in search growth prospects amid challenges to RF segment
PETALING JAYA: Inari Amertron Bhd is looking for growth beyond its flagship radio frequency (RF) division as the outlook for this is subdued. Analysts have come out cautious post a briefing on the company's third quarter ended March 31, 2025 (3Q25) performance, which came in below expectations. Inari's normalised net profit for 3Q25 fell 11.5% year-on-year to RM57.9mil, while revenue was down 11.3% to RM308.3mil. This was due volume loading weakness across all business segments. Inari Amertron is the biggest semiconductor player locally. It is one of US-based Broadcom Inc's top third-party packaging and testing services providers in the thriving wireless segment. CIMB Securities Research said during the briefing, Inari indicated a subdued growth outlook for RF content gains tied to next-generation smartphone launches in the second half of 2025. "Any potential upside in RF value is expected to be driven more by market share gains from competitors and the introduction of new processes, rather than new socket wins. "We also gather that RF utilisation slipped to around 65% in 3Q25, down from 75% in 2Q25. Nonetheless, the group expects similar volume loadings in 4Q25," the research firm said in a report. According to CIMB Research, Inari is targeting financial year 2025 (FY25) revenue of RM1.35bil (based on mid-point guidance), implying flat quarter-on-quarter sales in the final quarter. Additionally, Inari does not foresee any front-loading activities boosting near-term utilisation, as its key RF customer is maintaining a steady volume loading forecast for the upcoming quarters. Despite challenges in the RF segment, Inari remains optimistic with growth prospects to be driven by memory module, power management, and automotive MCU testing programmes. "We expect these initiatives to contribute between RM80mil and RM100mil in revenue, making up about 6% of total FY26 sales. Inari's first memory product has already entered high-volume manufacturing, achieving a high yield rate and improved throughput, which bodes well for future contributions. "For example, the group expects to raise its memory module production volume by 33% in 4Q25F Additionally, the company is actively working to secure qualifications for new products in the coming quarters, further strengthening its diversification efforts," added the research firm. It is also working to optimise production at its 55%-owned China-based subsidiary, Yiwu Semiconductor International Corp by expanding its product portfolio to include advanced packaging solutions tailored for the domestic market. CIMB Research has kept its Buy call and RM2.20 target price on the stock. On the other hand, Maybank Investment Bank (Maybank IB) Research is maintaining its Hold stance, citing muted near-to-medium term prospects. It said a "significant positive shift in demand is needed for us to re-rate the stock". The research firm said plans to move up the value chain in its sensor business which should bode well for future prospects. "Its existing key customer in the segment has plans to aggressively grow into new generic sensor segments and redesignate some China-for-China products to Imari. However, its Yiwu factory has yet to yield positive new product initiative results with management alluding that its facility there may undergo restructuring to enhance yield," said Maybank IB Research, which has a RM2 target price on the stock. Shares of Inari was trading at RM1.87 at the time of writing, down 13.43% in the past five days.
India.com
21-05-2025
- India.com
7 Must-Visit Places In Japan
Zee Media Bureau May 21, 2025 Fushimi Inari-taisha is a famous Shinto shrine located in Kyoto, Japan. It is dedicated to Inari, the deity of rice, prosperity, and business. The shrine is best known for its thousands of bright red torii gates that form scenic trails up Mount Inari. Founded in 711 AD, it serves as the head shrine for over 30,000 Inari shrines across Japan. Arashiyama is a scenic district on the western outskirts of Kyoto, Japan, known for its natural beauty, historic sites, and cultural charm. It is especially famous for the Arashiyama Bamboo Grove, where tall bamboo stalks create a serene and otherworldly atmosphere. Meiji Jingu is a major Shinto shrine located in Tokyo, dedicated to Emperor Meiji and Empress Shoken, who played key roles in the modernization of Japan during the Meiji Restoration. Kiyomizu-dera is a historic and iconic Buddhist temple located in Kyoto, Japan. Founded in 778 AD, it is dedicated to Kannon, the goddess of mercy, and is part of the UNESCO World Heritage Site "Historic Monuments of Ancient Kyoto." Senso-ji is Tokyo's oldest and most famous Buddhist temple, located in the historic Asakusa district. It was founded in 628 AD and is dedicated to Kannon, the goddess of mercy. Dotonbori is a lively entertainment and nightlife district located in Osaka, Japan, along the Dotonbori Canal. Known for its bright neon lights, animated signboards (like the famous Glico running man), and street food, it's a must-visit destination for tourists Shinjuku Gyoen National Garden is a serene urban oasis nestled in the heart of Tokyo, Japan. Spanning 58.3 hectares, it harmoniously blends three distinct garden styles: Japanese traditional, French formal, and English landscape gardens. This fusion creates a tranquil retreat amidst the bustling cityscape Kinkaku-ji, also known as the Golden Pavilion, is a famous Zen Buddhist temple located in Kyoto, Japan. Officially named Rokuon-ji, it was originally built in 1397 as a retirement villa for the shogun Ashikaga Yoshimitsu, and later converted into a temple by his son. Read Next Story
Malaysian Reserve
21-05-2025
- Business
- Malaysian Reserve
Inari Amertron results below expectations, downgraded to 'Market Perform'
INARI Amertron Bhd has been downgraded to 'Market Perform' from 'Out Perform' at Kenanga Research after releasing its latest quarterly results which saw a drop in both its revenue and net profit. In a note released today, Kenanga Research said Inari's first nine months results came in below expectations, primarily due to weaker demand in its radio frequency (RF) and opto-electronics segments. It said the Group anticipated continued growth in the data communications segment, but demand for bread-and-butter smartphones and other semiconductor products is expected to stay muted. 'Post US 'liberation day', it is becoming evident to us that margin pressures are likely to persist amid ongoing forex volatility and US-China tariff war uncertainties. Incorporating a more cautious outlook, we trim FY25F/FY26F earnings forecasts by 8%/16%,' it said. The research house has lowered the counter's 52-week target price (TP) to RM2.00 from RM2.39. Inari has 12 'Buy', seven 'Hold' and three 'Sell' calls among the analysts tracked by Bloomberg, with a consensus TP of RM2.26. In its exchange filing yesterday, Inari said its net profit for the first nine months ended March 31, 2025 was down 30.9% to RM169.6 million on a revenue of RM1.045 billion, down 11.3%. It said the revenue decrease was mainly due to comparatively lower volume loading of products in all business segments and product mix. The lower profit was attributed to lower volume loading, unfavorable movement in foreign exchange rates, and start up loss of RM15.70 million at China subsidiary during the period. Excluding China subsidiary losses, the decrease will be 27.0%. For the third quarter (3Q25), its net profit plunged 24.8% to RM55.5 million on a revenue of RM308.3 million which was 11.3% lower compared to the same period. In the company's outlook, Kenanga Research said Inari anticipates selective growth within the semiconductor industry, driven by the accelerating adoption of generative AI across various sectors. The group also expects robust performance from the data communications segment – which contributed approximately 14% of 9MFY25 revenue – while demand for smartphones (68% of sales) and other semiconductor products is likely to remain subdued. 'Margin pressures are expected to persist, stemming from forex volatility and ongoing US-China tariff negotiations, which continue to disrupt supply chains and inflate cost structures,' according to the report. At 9.40am today, Inari shares were down 5% or 10 sen to RM1.92 (52-week high/low: RM4.02/RM1.42). — TMR
