@899 - let there be no doubts here. Most of the “growth” in revenue is nothing but USD/MYR play. Uchi id still 80-90% dependent in Jura

@smellyswan - you will see 2.8-3.1 in next 52W. Ready to pick up then, ok?

@899 - but just be mindful when you say “market” because the volumes are razor thin which to me is NOT reflective of the market. What i see happening is the BIG fish is slowly offloading at this high valuations to us ikan bills…once they stop, 3.3 is almost certain. I have been a shareholder of UCHI since 2012…there is no window dressing here. This is mainly because of CD.

@899 - you last comment is very spot on and I appreciate it. Indeed, market rerating UCHI could be the reason for the mean price to hover around 3.5 in next coming months. First time i see you post so constructively with maturity in the tone. Let’s keep this forum that way so we continue to find value by sharing constructive ideas.Thank you.

899 you typo too much ma-ma. what jealous? open market, anyone can buy sell. same here it is open forum, anyone can give their opinion. i am just cautioning many fellow retail investors (not traders) here that do not get caught in this "value trap"....if you want to buy now and sell at RM3.9 ot RM4 for a quick buck, good for you. but if you looking to invest long term....this is not the time to go in.. i do not need to teach, go and do you own analysis and you will understand.
anyways, my views is based on my experience, you figure out what is best for you. I already stated my fair price and position that i will go in at. which i will...within the next 52W.

haha...look at the volume. who is selling/buying? all the small ikan bilis here only. It's funny that most of you here are super inexperienced but lucky to be here because of divvy you wont lose much la.
If you know how to wait you will be happy to pick up at RM3.1 and lower within the next 8-12months :)

I think you guys do get the point. This is a good business with solid financials….but in order to ensure it is a good investment, you need to ensure you buy at the right price. Currently it is overpriced, driven probably by CD.

there is no change, except enjoying the weaker RM factor. no growth or diversification in earnings. read their quarterly report. it is cut and paste for past many quaters (if not years).
so, at this price it is over valued. beware. fair price is RM2.80

Why no more hot tips KYY??

been on this ship since 2013...what about you?
happy to park and enjoy the sun.

Going no where.

Lousy Video. Please look at other youtubers like Mr Money or FIRL on how to produce videos.

Yes, true. This is a pure dividend play. Just that for newbies it could be a value trap

because they didnt manage the cash wisely. ended up with too much cash which violates Bursa regulation that they company cannot have X% of it's NTA in cash.....that is why I also very baffled with Uchi.....companies must reinvest their profits to grow and scale. But this buggers are so conservative.

Kota Warisan will help boost up 2024/25 numbers.

Investing means managing you risk. Of course I have a small position here and will continue to reap the dividends…but this is not a place to “all in” and sleep in peace.

Uchi has no vision. Should Jura slow down or go under, they tapau

This Madanon govt needs money..so will be very careful and selective in only awarding tax breaks to genuine advancements in technology. Uchi ultra stingy and stubborn management has not and are not going to spend enough in R&D that will get them there. They seem very comfortable and are busy trying to fulfil orders.

My analysis for 2.8 uses an arbitrary discount factor and a mos which is ultra conservative. But based on what I see I think can start buying below 3.1
Buy slowly..

The REWARD
- Strong Balance sheet; cash rich
- Very High Margins; albeit little less now because cannot escape tax any longer
- Dividend aristocrat FY23E RM0.25 at least

The RISK
- Mgmt very stubborn and old fashioned, does not want to put better use of profits (and cash) to grow operations but prefer to pay themselves (and minority share holders) great dividends
- This could be dangerous longer term as today almost 80% of revenue is from 1 customer (Jura); albeit Uchi is sole source
- If there is a problem to Jura's business, Uchi's revenue will be wiped out

Prospect
EPS and Revenue has normalize; many other coffee players are eating into Jura's market share (just look at their website). Recent spike in profits (past few quarters) is mainly due to weakening RM against USD.

Value
At RM3.60 is definitely fully valued. While no one can predict Mr Market, the "fair" value to me is around RM2.80 (with MOS)....personally I will start to accumulate when below RM3.1 if nothing else changes.

Sometimes I wonder why they continue to be listed when do not want to attract any investors nor need any money as they do not want to grow. Better to just go private.

Income tax holiday is over.,.eats the EPS…

@dividendguy67 - thanks for the message. yes, indeed. that said value buy (with MOS) for KIP is round about 0.83..i would not anything pay more than 0.85
the high dividend yields comes with an inherent risk that we are taking. Not that small is bad, but I see a lot of uncertainty and lack of transparency from time to time. CEO is also very green and lacks the experience, riding on family business. i have been now accumulating S-REITs with strong sponsors like Mapletree, CapLand and Frasers. No witholding tax, and the SGD is more solid.

Salesman for RHB stock here.

Wow…I would be very happy if the gross dividend for next 12 months is 7sen. I prefer to be conservative and take gross 6.4sen which is average of past 3 FY. So nett around 5.8sen.

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Please consider the nett dividend (after withholding tax) which will give you around 6.3%
Not too bad

@success2628 is what I call a syndicate.

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899 - giving opinion is fair. but i think you like to 1 on 1 pick fights here. go to a boxing ring if u like to fight.
here is investor forum. make your point, not need to fight with people here.

not my forum, but i just think if you both so in love with each other, take it offline

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Need more transparency. I think this is heading close to RM1

Koyak

Holland. Speculators pushed up the price too much. Fair value is around RM2.9

Good points Gen2. Appreciate inputs and arguments.
Uchi will need to adapt to the "new norm" and find ways to grow.
Will just ignore this fly who is clueless.

899 you are just fly here. tkss.
RM2.35~2.5 is what I THINK the market will price Uchi given the factors i listed above. Just my estimate as Mr Market can be bearish given that Uchi has no other growth drivers (unless you know something I dont)
Anyways...no one understands Mr Market truly, and I could be wrong. Maybe fly up to RM5?

What show calculation? U want to learn? I dont think so, KNN
...you just want to mock at people. bugger off!
Calculate yourself....CCB

899 wanna mock opinions at least support with some good arguments la…do not make such statements. It shows ur mentality…knn.

OK - the impact will be significant. FY23 Uchi is not expected to do as well as FY22 because -
1. Sales will be flattish, or lower - topline lower
2. RM strenghtening - bottom line lower
3. Taxes - bottom line lower - EPS lower
4. Dividends will be slashed

Party is over.....thanks to MIDA and this Unity Government that is trying to get extra revenue anyway they can....

Share price will head south and finally normalise to abut RM2.35~2.5 given the forward looking PEx in the next few weeks/months.

Downtrend is inevitable. Trade cautiously.

anyone attended the AGM? anything interesting?

Very well written @StreetAnalyst. Fully agree with your assessment and FV estimate of KIP. Kudos

you write and study so much the financials. so much positive, yet you do not own any shares?
put your money where your mouth is!

Dividend will be 22sen. And giving special divvy of 20sen.

Stellar earnings expected.....brace yourselves for RM4...at minimum RM3.6 by year end.

Any comments on the new deal? Gross Property yield is only 6.5%
Share Placements will dilute EPS and DPS.....more leverage will be exposed to the new norm higher rates.
Where is the Growth?

Based on your calculation, KIP's earnings will be impacted around 1%
Other REITs will significant floating rate will be impacted more I guess.
But do note that this there are more rate hikes in the pipeline. And there is not much scope for rental revision should we experience a recession.

RM0.35 soon...debt laden. Should pare down the debts and improve margins...not pay dividends...

@keithtrade - where did you get that? Cash > MarketCap ???

people who say RM5.80 are the ones who are frustrated that they didnt buy when it was cheap. this kind of people we call sour grapes. i feel sorry for them.

interest rates going up....so i guess REITs will take a beating

If not for Kinta City, this REIT's revenue and earnings would have been impacted FY20 & FY21 - that is a fact.
Moving forward, with full reopening and optimism surrounding the promise of new shareholder/investor as well as mgmt guidance to diversify this REIT i guess the market is finally waking up and fairly appraising the valuation...to be closer to NAV