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): Weak Q4, Tepid 2025 Guidance, Dividend Payment Intact

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

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

Uchi Tech (UCHI MK): Solid FY23 Results, Solid Dividend, FY24 Guidance Conservative

Uchi Technologies (UCHI MK): Trends for Last 23 Years, Gleanings From the Annual Report, Q1 Steady

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

<ul>
<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 revenues/profits down 11%/15% YoY due to the USD's depreciation against the MYR in Q3 and weak demand. FY24 revenue guidance was unchanged (high-single digit negative). </li>
<li>The group announced a solid eight-sen dividend and is on track to distribute at least 26-28 sen dividends for FY24 (vs. 30 sen in FY23), implying a 7.2% yield.</li>
<li>The company is net cash (~9%), trades at a 14x PE and has an ROCE&gt;35% across the last 10 years (74% for 2023).</li>
</ul>



Uchi Technologies (UCHI MK) reported revenues/profits down 11%/15% YoY due to the USD's depreciation against the MYR in Q3 and weak demand. FY24 revenue guidance was unchanged (high-single digit negative). 
The group announced a solid eight-sen dividend and is on track to distribute at least 26-28 sen dividends for FY24 (vs. 30 sen in FY23), implying a 7.2% yield.
The company is net cash (~9%), trades at a 14x PE and has an ROCE&gt;35% across the last 10 years (74% for 2023).


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