Unimech Group Berhad KLSE:UNIMECH Stock Report

Now 21% undervalued

Over the last 90 days, the stock is up 2.9%. The fair value is estimated to be RM1.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has grown by 7.3%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 2.2% in the next 2 years.

Second quarter 2022 earnings released: EPS: RM0.046 (vs RM0.032 in 2Q 2021)

Second quarter 2022 results: EPS: RM0.046 (up from RM0.032 in 2Q 2021). Revenue: RM84.8m (up 29% from 2Q 2021). Net income: RM6.85m (up 45% from 2Q 2021). Profit margin: 8.1% (up from 7.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.1%, compared to a 26% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.

Unimech Group Berhad Announces Retirement of Dato’ Seri Abdul Rafique Bin Abdul Karim as Independent and Non Executive Director

Unimech Group Berhad Appoints Khoo Gim See as Independent and Non Executive Member of Nomination and Remuneration Committee

Unimech Group Berhad announced appointment of Madam Khoo Gim See, age 54, as Independent and Non Executive Member of Nomination and Remuneration Committee. Date of change is June 17, 2022. Composition of Nomination and Remuneration Committee: Encik Khairilanuar Bin Tun Abdul Rahman (Chairman), Mr. Teh Eng Aun (Member), Dato' Seri Abdul Rafique Bin Abdul Karim (Member), and Mdm Khoo Gim See (Member).