0133 GMT - Inari Amertron appears to be entering a transition period, shifting towards higher-growth AI solutions, Public Investment Bank analyst Chong Hoe Leong says in a note. The outlook is supported by recovering RF demand and rapid growth in photonics revenue, which could double to about 200 million ringgit in FY 2027 as AI data-center demand rises, he reckons. A new testing program for optical communication components provides another AI-related growth avenue. Inari has set aside 450 million ringgit in capital expenditure, mainly for optical-photonics processing and plant expansion, he notes. Chong raises Inari's FY2027-2029 EPS forecasts by 10%-15%. Public IB raises Inari's target price to 3.06 ringgit from 2.60 ringgit, while maintaining an outperform rating on the stock. Shares are 0.4% higher at 2.66 ringgit.