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  • Unimech

    Diunggah oleh

    limml63
    41 tayangan3 halaman
    This document provides an analysis of Unimech Group Bhd, a Malaysian company that manufactures valves, instrumentation, and fittings. It recommends buying Unimech's stock, which trades at 95 sen. Unimech has seen steady revenue, profit, and earnings growth over the past several years and is expected to continue growing its revenue by 20% in 2010. The company pays healthy dividends of around 5% annually and its core valves, instrumentation, and fittings segment accounts for over 70% of revenue. Overall, Unimech looks poised to continue its profitable growth trajectory and provides an attractive dividend yield.

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    This document provides an analysis of Unimech Group Bhd, a Malaysian company that manufactures valves, instrumentation, and fittings. It recommends buying Unimech's stock, which trades at 95 sen. Unimech has seen steady revenue, profit, and earnings growth over the past several years and is expected to continue growing its revenue by 20% in 2010. The company pays healthy dividends of around 5% annually and its core valves, instrumentation, and fittings segment accounts for over 70% of revenue. Overall, Unimech looks poised to continue its profitable growth trajectory and provides an attractive dividend yield.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    41 tayangan3 halaman

    Unimech

    Diunggah oleh

    limml63
    This document provides an analysis of Unimech Group Bhd, a Malaysian company that manufactures valves, instrumentation, and fittings. It recommends buying Unimech's stock, which trades at 95 sen. Unimech has seen steady revenue, profit, and earnings growth over the past several years and is expected to continue growing its revenue by 20% in 2010. The company pays healthy dividends of around 5% annually and its core valves, instrumentation, and fittings segment accounts for over 70% of revenue. Overall, Unimech looks poised to continue its profitable growth trajectory and provides an attractive dividend yield.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 3

    1

    Stock Focus
    (023849) 05 Oct 2010
    Unimech Group Bhd 95 sen
    BUY

    Dec 31 2005 2006 2007 2008 2009 2010F


    Revenue 94.1 99.7 111.5 123.6 120.1 144.1
    Gross Profit 28.0 33.2 38.4 46.8 45.4 54.8
    PBT 8.9 14.3 18.4 19.7 18.9 22.7
    Net Profit 5.8 9.8 14.3 13.3 13.4 15.5
    EPS (sen) 4.2 7.2 10.4 9.7 9.8 11.3

    Margin (%)
    Gross Profit 29.8 33.4 34.4 37.9 37.8 38.0
    PBT 9.5 14.3 16.5 16.0 15.7 15.7
    Net Profit 6.2 9.8 12.8 10.8 11.2 10.7
    !
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    Growth (%)
    $ Revenue 6.0 5.9 11.9 10.8 (2.8) 20.0
    Gross Profit 3.8 18.7 15.5 21.8 (3.0) 20.6
    PBT 30.8 60.2 28.9 7.1 (4.3) 20.2
    Net Profit 27.2 69.2 45.3 (6.6) 0.9 15.3

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    F o r P r iv a t e C i r c u l a t i o n O n l y
    Unimech Group Bhd

    &'

    Revenue Segmentation

    Heat & Steam


    Engineering
    4%
    Electronic
    Valves, 6%
    Instrumentation
    & Fittings
    73% Pumps
    13%

    Others
    4%

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    Unimech Group Bhd

    Financial Year Dividend Price *(RM) Gross Yield (%)


    2009 Final Dividend of 3.7 sen 0.77 4.8
    2008 Final Dividend of 3.7 sen 0.665 5.6
    2007 Final Dividend of 4 sen 0.83 4.8
    2006 Final Dividend of 2.5 sen 0.55 4.5
    2005 Final Dividend of 2 sen 0.43 4.7
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    Published and Printed by:

    PM Securities Sdn. Bhd. (66299-A)


    A Participating Organisation of Bursa Malaysia Securities Berhad
    Ground, Mezzanine & First Floor, Menara PMI, No: 2, Jalan Changkat Ceylon, 50200 Kuala Lumpur
    General Line : 03-2146 3000, 03-2731 3000 Fax No : 03-2710 7830

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