Your Journey to Financial Freedom Start NowHere!

Saturday, April 25, 2009

UchiTech (UCHITEC (7100)) - Is it a deal?

Sudden surge on KLSE recently also drive this tech stock in Malaysia to rose from RM0.745 to RM1.24 as of 4/24/09. Thus, let take a look on its fundamental.

Current PE and premium ratio is 8.27 and 2.75 respectively per price of RM1.24 as of 4/24/09. Average PE and premium ratio from 2000 till 2008 was 11.57 and 4.02 respectively. However, its revenue dropped by 22% from year 2007 to year 2008.

Dividend of RM0.06 (TE) has been announced on 4/17, to be paid on 7/17 and ex-date is 5/27.

Here is the deal:
My target price for this stock will be RM0.90 or below which correspond with PE and Premium ratio of 6 and 2 respectively.

Click here for detail fundamental analysis.

1 comment:

Unknown said...

U overlooked to mention the NTA ... without the NTA how are you going to get your P/BV ?