Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Uchi Technologies (UCHI MK): Resilient Profitability (64% OP) And >50% ROE Despite Weak Demand

Uchi Technologies (UCHI MK): Weak Q4, Tepid 2025 Guidance, Dividend Payment Intact

Uchi Technologies (UCHI MK): Coffee and Cash Machine

Uchi Technologies (UCHI MK): Q2 2024 Profitability Resilient, Guidance Weak

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

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<li>
<a href="https://www.smartkarma.com/entities/uchi-technologies-bhd" target="_blank" data-smartkarma-citation="entities:10723:1" rel="noopener">Uchi Technologies (UCHI MK)</a> reported a weak quarter with revenues/profits down 28%/33%. Given the global economic uncertainty, they scrapped their guidance for FY25 (Vs a low-teens revenue decline earlier). </li>
<li>Profit margins were 47.5% (down 400 bps YoY) for Q1 FY25, although we expect a decline in future quarters due to a strong MYR (the company has USD-denominated revenue). </li>
<li>Low-Teens guidance had built in a recovery in the later quarters of 2025. With that out of the window, the stock trades at 17.7x FY25 PE (6% dividend yield).</li>
</ul>



Uchi Technologies (UCHI MK) reported a weak quarter with revenues/profits down 28%/33%. Given the global economic uncertainty, they scrapped their guidance for FY25 (Vs a low-teens revenue decline earlier). 
Profit margins were 47.5% (down 400 bps YoY) for Q1 FY25, although we expect a decline in future quarters due to a strong MYR (the company has USD-denominated revenue). 
Low-Teens guidance had built in a recovery in the later quarters of 2025. With that out of the window, the stock trades at 17.7x FY25 PE (6% dividend yield).


Uchi Technologies Q1 FY25: Guidance Scrapped In The Wake Of Global Uncertainty