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UCHITEC (7100) : UCHI TECHNOLOGIES BERHAD
KLSETrader
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15 Jan 2012, 11:08 AMPost #1
Any opinion for UCHITEC? Been watching is for a while.
Its business is going down, so as its price. Do you all think its business will be recovered? Not sure if current price is good bet or not?question
gen_hwang
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15 Jan 2012, 11:24 AMPost #2
Have been watching it for a long time too, seeing its price fell from above RM2 to RM1.7 to RM 1.1. It used to pay more than 20 cents, then down to 6 cents and now back to 12 cents.

I like the dividend, but not much information can be gather from their reports aside from that the bosses are Taiwanese, it's tightly held (privatisation?) and European market is their largest revenue contributor (growth?).

While their gross profit is high, my ostrich brain told me to avoid Technology stocks. I can't stomach the volatility. shutup
ILoveDividend
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15 Jan 2012, 02:05 PMPost #3
Have been watching it for a long time too, seeing its price fell from above RM2 to RM1.7 to RM 1.1. ...gen_hwang @ 15 Jan 2012, 11:24 AM

Yeah, uchitec's dividend is very good drool and it has a very good dividend payout for pass few year. The disadvantage is that its major customer is from Europe country sweat and the problem in Europe can not be solved in anytime soon from now. Also, i don't see any recovering sign in their business based on the few pass quarter results.

But, no one know whether it is a good time to collect it now. Just like HAIO case, it is always too late when it post a better result. smile

But i think it is better to buy high rather then catch a falling knief.shy
gen_hwang
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16 Jan 2012, 08:18 PMPost #4
Here's one from Affin IB.

http://www.theedgemalaysia.com/in-the-financial-daily/199407-uchi-resilient-dps-in-challenging-fy12.html
CNY2012
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16 Jan 2012, 08:36 PMPost #5
Uchi Technologies Bhd (Jan 13, RM1.16)

Maintain buy at RM1.15 with revised target price of RM1.34 (from RM1.55):
Uchi is expected to release its 4QFY11 results by end-February, which are likely to fall within our core net profit estimate of RM47.3 million (+2% year-on-year [y-oy]).
Recall that 9MFY11 net profit amounted to RM38.3 million (+12.9% y-o-y) or 81% of our full-year forecast, thereby implying a slightly weaker 4QFY11. This is due to the continued weak consumer sentiment and uncertain global economic environment. Management, however, has guided that FY11 dividend per share (DPS) of 12 sen will likely remain unchanged from FY10, which implies a final DPS of seven sen (implied payout of 95%) after the interim dividend payment of five sen.

Management has guided for a weaker FY12 based on current order flow and judging from the ongoing global economic uncertainty. Consistent with our macro view, however, its management believes that 2HFY12 will be stronger, underpinned
by the introduction of new products and a gradual global economic recovery.
Nevertheless, on the whole, its management believes that FY12 revenue is likely to be weaker by 15% in US dollar terms, affected primarily by the weaker demand for its coffee modules. Demand for its biotech equipment remains fairly resilient and
is likely to continue to see growth in FY12. (Uchi’s biotech division is estimated to account for 20% of FY11 group revenue). The company is introducing two new products — an encoder and infra-red module — from early 2QFY12, though near-term
contribution is unlikely to be meaningful.

Capital expenditure (capex) for FY12 will likely rise to RM35 million from RM12 million for FY11 as Uchi rushes to complete Phase 3 of its plant expansion, next to its current location in Prai, Penang. The plant will be dedicated to R&D and used primarily for reliability testing, cleanroom and offices for customers instead of
expansion of new lines. Of more significance, the higher capex in FY12 is unlikely to affect its DPS for FY12 (Uchi’s cash balance remains high at RM143 million or
38 sen per share as at end 3QFY11). Our earnings forecast is adjusted for the weaker guidance and higher FY12 capex, thereby resulting in a 11% to 14% cut in our FY12/FY13 forecast. We have also trimmed our FY12 DPS forecast to 11 sen from 12
sen (FY13: 12 sen from 13 sen previously).

Our target price for Uchi is lowered to RM1.34 (previously RM1.55), based on an unchanged 11 times FY12 earnings per share. We retain our “buy” rating as our investment thesis for Uchi remains unchanged, hinging on its strong dividend payouts
(average of 79% over the past three years), underpinned by its strong free cash flows. The key risk to our recommendation lies in the stock’s low trading liquidity which could increase stock price volatility during a downturn.
— Affin IB Research, Jan 13
This article appeared in The Edge Financial Daily, January 16, 2012.
ILoveDividend
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16 Jan 2012, 10:49 PMPost #6
1) weaker FY12 based on current order flow and judging from the ongoing global economic uncertainty

2) Capital expenditure (capex) for FY12 will likely rise to RM35 million from RM12 million for FY11

Even the management is not optimistic to FY12, i think it is better to buy it after the report turn better.
gen_hwang
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24 Feb 2012, 08:19 PMPost #7
Hmm, based on Globetronics result, if i ascribed a 35% decrease in quarter EPS, meaning it shall be 1.93 cents. Make sense?

gen_hwang
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28 Feb 2012, 07:17 PMPost #8
Revenue in USD for the quarter ended December 31, 2011 increased by 14% to USD7.9million as compared to the quarter ended December 31, 2010 (USD6.9 million) mainly due to increase in demand for the Group's products and
services.

For the year ended December 31, 2011, revenue in USD increased by 9% to USD33.8 million as compared to the year ended December 31, 2010 (USD31.1 million), mainly due to increase in demand for the Group’s products and services. However, due to the appreciation of Ringgit Malaysia by 6% (2011: RM3.0530 : USD1; 2010: RM3.2435 :
USD1), revenue in Ringgit Malaysia for the year ended December 31, 2011 increased by 2% while net profit for the year reduced by 7% as compared to 2010.

To the best of our knowledge, in line with the global economic slowdown, the Group expects lower sales volume for the next financial year.

In consideration of lower sales volume, the Group's financial result for the next financial year is expected to be lower as compared to current financial year. However, the Group expects to maintain a strong balance sheet and achieve tolerable financial results in light of current condition.

[not vested]
gen_hwang
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05 Mar 2012, 08:01 PMPost #9
A look at Euro/RM movements:

2011:
January
4.09065 MYR (20 days average)
February
4.15637 MYR (20 days average)
March
4.2483 MYR (23 days average)
Q1 - 3.24

April
4.35081 MYR (20 days average)
May
4.32722 MYR (22 days average)
June
4.35854 MYR (22 days average)
Q2 - 3.62

July
4.27162 MYR (21 days average)
August
4.28221 MYR (23 days average)
September
4.24559 MYR (22 days average)
Q3 - 2.97

October
4.29632 MYR (21 days average)
November
4.27564 MYR (22 days average)
December
4.16389 MYR (21 days average)
Q4 - 3.42

2012:
January
4.01509 MYR (22 days average)
February
3.99778 MYR (21 days average)
Xenox
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19 Mar 2012, 12:12 AMPost #10
best buy price at 1.00
tzejinlau
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02 May 2012, 08:04 AMPost #11
$$$$ come come!!
LCCHONG
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08 Jul 2014, 12:35 AMPost #12
UCHITEC analysis - http://lcchong.wordpress.com/2014/07/08/uchitec-fundamental-analysis-8-jul-2014/
LCCHONG
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26 Aug 2014, 11:25 PMPost #13
UCHITEC analysis - https://lcchong.wordpress.com/2014/08/26/uchitec-fundamental-analysis-26-aug-2014/
LCCHONG
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27 Nov 2014, 09:01 PMPost #14
UCHITEC analysis - http://lcchong.wordpress.com/2014/11/27/uchitec-fundamental-analysis-27-nov-2014/
IVKLSE
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17 Jul 2017, 12:19 AMPost #15

UCHITEC 2016 Annual Report

Kindly review and comment

HigeDurian
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Male, MYS
23 Nov 2017, 10:34 PMPost #16

dividend increased!!

DerekSiow
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03 Feb 2019, 06:56 PMPost #17

UCHITEC (7100)

我喜欢UCHITEC这间公司有五:净现金、盈利稳定、股息高(超越定期存款利率)、ROE高(高达42%)以及净盈利率高(可高达50%)。

以它2018-Q3的Financial Statement来计算:

Quick Ratio = 3.21

Current Ratio = 3.75

Debt Ratio = 0.19

Debt-to-Equity Ratio = 0.23

Cash Ratio = 2.61

处于超级健康水平。

在2018年8月24日(Ex-Date),UCHITECG给了所有股东们RM90.43 million的Capital Repayment,这是非常慷慨和阔气的公司。给了这Repayment后,UCHITEC的净现金还有RM92.33 million,大家可阅读它的2018-Q3的季度报告。

UCHITEC的Q3业绩和净利通常是最好的,而Q4的业绩和净利通常与Q3的差不多。

如果接下的2018-Q4保持着RM36.5 million的业绩,以54%的净盈利率,它的净利将会达到RM19.71 million,那么EPS将会是4.41,以PE20来计算,UCHITEC的股价将有望去到RM3.04的价格。现在的价格是RM2.57,还有18.28%的上涨空间。

【以上纯属分享,买卖自负。】

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yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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