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) Q2 FY26 Results: Flat USD Revenue, Margin Recovery, Guidance Restored

Uchi Technologies (UCHI MK) Q3FY25: I Get Knocked Down, But I Get Up Again

Uchi Technologies (UCHI MK) Q2 2025: Revenue and Margin Stabilized, Dividend Sustained

Uchi Technologies (UCHI MK) | Q4 FY25 Result Update

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

<ul>
<li>
 Q1 FY26: USD revenue +1% YoY (USD 10.2m), RM revenue -10% YoY (RM 40.4m) on MYR strength; PAT near-flat at RM 21.2m (-0.5% YoY).</li>
<li>
 OPM compressed to 57.6% (Q1 FY25: 57.2%; Q4 FY25: 61.4%), reflecting seasonal weakness and continued MYR appreciation headwind.</li>
<li>
 At RM2.97, UCHI trades at 14.5x FY26e PE and 9.8x EV/EBITDA; 7.0% dividend yield and zero debt offer a defensive margin of safety.</li>
</ul>



 Q1 FY26: USD revenue +1% YoY (USD 10.2m), RM revenue -10% YoY (RM 40.4m) on MYR strength; PAT near-flat at RM 21.2m (-0.5% YoY).

 OPM compressed to 57.6% (Q1 FY25: 57.2%; Q4 FY25: 61.4%), reflecting seasonal weakness and continued MYR appreciation headwind.

 At RM2.97, UCHI trades at 14.5x FY26e PE and 9.8x EV/EBITDA; 7.0% dividend yield and zero debt offer a defensive margin of safety.


Uchi Technologies (UCHI MK): Q1 FY26 Result Update, Resilient Despite Ringgit Appreciation