KUALA LUMPUR (May 24): Analysts have raised their earnings forecasts for semiconductor player Inari Amertron Bhd after it posted an improved set of results for the third quarter ended March 31, 2021 (3QFY21).

In a note today, CGS-CIMB analyst Mohd Shanaz Noor Azam raised his earnings per share (EPS) forecasts for the group for FY21-23 by 2%-14%, thanks to higher radio frequency (RF) content underpinned by rising 5G smartphone penetration.