Bro, the announcement already stated very clearly. I don't think there will be any new technology product. But believe the management will look into ways to improve the company's bottom line. Below are Part of the announcement dated 12th Jan.
After consideration of the MIDA’s approval, UTB wishes to make further announcement as follows:-
The approved "Design, development and manufacture of configurable presence and distance sensing time-of-flight (CPDS-ToF) technology (“the approved technology”) is currently being adopted in the production of some new products beginning January 2023 for our customers. Barring any unforeseen circumstances, UTB expects that more than 1/6 of the Group's revenue will be generated from the new products categorized under the approved technology and profit generated will be tax exempted. The profit from the remaining of the Group’s revenue will be taxable at the statutory tax rate of 24%. Thus, the effective tax rate of the Group for the current year is estimated to be higher than the preceding years. Uchi Opto will also adopt the approved technology into other new products and the effective tax rate for the Group shall improve over time. In the meantime, Uchi Opto wishes to clarify further that the other 3 Applications submitted were not approved by MIDA and Uchi Opto endeavours to look into new applications for incentives.
Aiyoyo, coo ku no happy ar. Ask ppl to sell him cheap cheap he oso angry wor. I no value investing one, can tell those who wan to sell you cheap cheap how do you value Uchi at 2.35 ar? Can show calculation ar ? I oso wan to learn lor.
I don't think it's possible but I believe their dividend will be at least 10sen and above for FY2023 n beyond. Even at current price, if the dividend is 10 sen, yield will be 5.9%, which I consider is excellent if you compare to other divy stock in KLSE
This year total 3Q NP is already 92m, exceed FY 2021 whole year NP of 91M. Looks like FY 2022 revenue and net profits should be all time high. Even interim dividend increases from 9 sen to 12 sen. I expect final dividend will be more than 12 sen.