Uchi Technologies Berhad (Uchitec-7100) was incorporated on 18th February 1998. It was converted to a public limited company and transferred to the Main Board of the Bursa Malaysia on 9th May, 2002.
The main activities of Uchi Technologies are principally involved in manufacturing of mixed signal microprocessor-based application and system integration products, and trading of complete electronic module and saturated paper for printed circuit board (PCB) lamination.
Among the largest shareholders are Tabung Haji, EPF, PNB, KWAP and a few unit trust funds.
Uchitec is known to have solid management, and they are paying a very attractive dividend to shareholders. For the past 7 years except for 2009, the dividend yield for Uchitec stays above 6% which is about 2 times of the current fixed deposit rate. For the year 2011, the dividend yield was 11%.
Unfortunately, there is not much coverage by a research house on Uchitec for the latest Fair Value/Target Price. The last done was from CIMB in August 2012 whose make a neutral recommendation with a target price of RM1.13.
CIMB also believed that Uchitec will be able to pay 12 sen dividend for financial year end 2012 due to strong net cash position. Based on current share price of RM1.16, the dividend yield is 10.34%.
CIMB forecasted that Uchitec will be able to maintain 12 sen yearly dividend for the year of 2013 & 2014.
The table below is the financial summary of Uchitec for the past 7 years.
|Net Profit (RM’000)||73,578||83,888||78,228||58,748||26,953||52,578||48,943|
|PE Ratio (x)||15.02||13.88||12.83||5.82||18.44||9.58||8.39|
|Dividend Yield (%) *||6.67||8.65||7.46||13.04||4.48||9.23||11.01|
*Based on price on last trading day of the year
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