UCHI TECHNOLOGIES BHD

KLSE (MYR): UCHITEC (7100)

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Last Price

3.19

Today's Change

+0.03 (0.95%)

Day's Change

3.17 - 3.23

Trading Volume

752,600

Discussions
8 people like this. Showing 50 of 1,855 comments

Value Investor Coo1eo

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

2022-08-27 13:59

Shines

Wah, got so high dividen meh?

2022-08-30 13:13

ooihk899

I don't think so, but I think 25sen may be possible

2022-08-30 16:20

Kai Shien Ks

anything > 22 is bonus

2022-08-30 17:59

Shines

Yes, expecting Uchitec to declare high div as theybusually did.

2022-08-31 12:38

Shines

Good good good strong strong strong 3.60 to 4.00 coming soon

2022-09-01 20:00

flyhub888

strongest counter eva

2022-09-02 23:57

troy88

Solid, steady performer. Able withstand all the negative news and poor market sentiment..

2022-09-21 09:38

ooihk899

The price is actually all time high already (if you take all the ex div into consideration).
Now waiting for 3rd QR and interim div at year end. Hopefully is 10 sen

2022-09-21 09:56

Shines

Price all time high is because can see good future prospects with good Div. Can up more even with poor market conditions

2022-09-30 14:14

leekh5555

major part of their income come from Europe, wonder if Uchitec will be affected.

2022-10-11 14:49

NatsukoMishima

Post removed.Why?

2022-10-13 11:30

NatsukoMishima

Post removed.Why?

2022-10-14 11:07

Shines

Looking fowward to tge 3rd qtr. rpt. and subsequently div. announcements

2022-10-15 10:40

Shines

Low vol ctrs graphs wont be correct, someone purposely created this trend to let pple throw.

2022-10-22 09:55

Shines

Wow thanks

2 months ago

Shines

Hi Uchi, you are not that old so move faster

2 months ago

Shines

Looking forward to 5pm on Monday

2 months ago

ooihk899

Bro, Monday holiday wor. This FY dividend at least 24 sen

2 months ago

Shines

Opps! Typo err, should be Friday.
Now just wait till Tuesday 9am to see what is the market reactions.

2 months ago

ooihk899

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.

2 months ago

hng33

bought uchitech at 3.32-3.33

1 month ago

ooihk899

Hmmm..... divy ex on 29 Dec, payment on 19 Jan

1 month ago

thesteward

Wow high divvy announced

1 month ago

thesteward

Tomolo at least gap 5/6 sen I guess

1 month ago

ooihk899

If gap up, hng33 will sell like no tomolo. wakakaka.

1 month ago

thesteward

This is a fund type of stock v good fundamentals .

1 month ago

thesteward

If can break 3.42 with high volume then v v high chance spike

1 month ago

Shines

Good closing at 3.40, looking forward to Monday opening.

1 month ago

Shines

Xd Dec 29, still got throwing.

1 month ago

hng33

Alrdy sold all at 3.40

1 month ago

Shines

New Pioneer status for another 5 years, so what haha

3 weeks ago

observatory

"...out of the 4 applications submitted, MIDA has granted Uchi Optoelectronic (M) Sdn Bhd (“Uchi Opto”) (a wholly owned subsidiary of UTB) pioneer status for the activities of " Design, development and manufacture of configurable presence and distance sensing time-of-flight (CPDS-ToF) module" for a period of 5 years from the production date which will be fixed by the authorities at a later date."

How many applications were successful?

3 weeks ago

observatory

The company has clarified in a follow-up announcement today:

"We refer to the announcement made on 10 January 2023. Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the previous announcement.

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.
This announcement is dated 12 January 2023."

Effective tax rate will go up. At least in the short term.

2 weeks ago

hng33

Uchitech EPS will be decrease by 20% due to 5/6 product now are taxable at 24%, only 1/6 remain tax exampted.

2 weeks ago

Value Investor Coo1eo

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.

2 weeks ago

ooihk899

Aiyoyo !!! Base on what Coo Coo said, this counter gone case lioa. Please sell like no tomorrow!!!!! Sell at 2.35 or below so that Coo ku can buy cheap cheap from you.

2 weeks ago

Value Investor Coo1eo

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

2 weeks ago

ooihk899

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.

2 weeks ago

Value Investor Coo1eo

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

2 weeks ago

Gen2

No doubt for year 2023 will be quite challenging for Uchi, however given that their customer is considered one of the best in the coffee machine market. Consensus estimate world coffee machine market will growth about 4~7% CAGR and this might mitigate some of the taxation issue and over the long run it is good as not to rely on pioneer status for bottom line growth. A single customer is the risk on Uchi as like ATAIMS and this is why market doesn't give a high PE ( 30+ ) to Uchi.
Nevertheless they have been in the market for over 30 years and work very well with the customer not only based on the requirements, they co-develop the module with their customer and the design normally would take years and switching them with new EMS is just quite unlikely.

2 weeks ago

ooihk899

Wah, coo ku use think to derive target price lo!!!!! No need calculation one!!!!! Bery advance.
Use your toe to think ar? Wakakakakaka!!!!!!!!

2 weeks ago

Value Investor Coo1eo

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.

2 weeks ago

newbie8080

Normally, the company subsidiary will have new technology products that will qualify for the pioneer status.
Hopefully, this 1st half 2023 have some new innovation that will qualify an extension.

2 weeks ago

ooihk899

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.

2 weeks ago

newbie8080

@ooihk899
Bro , I mentioned I'm hopeful that the company will find new innovations that will qualify for a new extension.

1 week ago

observatory

Amid the disappointment, EPF has crossed the 5% reporting threshold. EPF held 15 million shares in Mar 2022. It has increased to 23 million.

1 week ago

Shines

Uchitec's margin so high, let the PH Govt tax abit la while applying for more exemptions on new designs. More important is the good governance and ways to increased customers base and therefore increased revenue

1 week ago

ooihk899

Hmmm... EPF now become a substantial shareholder. Hope is a good sign.
Maybe not able to buy cheap anymore.

1 week ago

cheeseburger

EPF was substantial holder to Serba Dinamik and Top Glove as well...go check out what happen to their investment in those counter.

1 week ago

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