Uchi Technologies - It's all about the money

Stock Name: UCHITEC
Company Name: UCHI TECHNOLOGIES BHD

Research House: CIMB

Price Call: HOLD

Target Price: 1.18

Target RM1.18

Uchi's FY12 core net profit beat our forecast by 6% and consensus by 8% because of surprisingly strong demand. Earnings would have been better if not for the weaker US$ currency which suppressed margins.

Source: CIMB Daybreak February 29, 2012, Full PDF Report