UWC Shares Drop 19 Sen After Big Drop in Profitability
UWC Shares Drop 19 Sen After Big Drop in Profitability
UWC Bhd shares has been maintained with a 'Hold' call with a lower 52-week target price of RM2.99 at HLIB Research after reporting a massive drop in its profitability.
HLIB Research報告盈利能力大幅下降後，UWC Bhd的股價一直維持在 “持有” 看漲期，下調了52周的目標價，爲2.99令吉。
On Monday, the company posted a 75% year-on-year decline in net profit for its second quarter ended Jan 31, 2024 (2Q24), mainly due to the semiconductor market downturn impacting revenue and increased expenditure for future growth.
週一，該公司公佈截至2024年1月31日的第二季度（24年第二季度）淨利潤同比下降75％，這主要是由於半導體市場低迷影響了收入和未來增長支出增加。
Net profit fell to RM4.8 million from RM19.1 million in the previous year, with quarterly revenue decreasing by 33.5% to RM61.1 million.
淨利潤從去年的1,910萬令吉降至480萬令吉，季度收入下降33.5％，至6,110萬令吉。
For the first six months, it posted a net profit of RM9.2 million, down 39% from the same period a year earlier, on turnover of RM106.6 million which was 42% lower than the year before.
前六個月，該公司公佈的淨利潤爲920萬令吉，比去年同期下降39％，營業額爲1.066億令吉，比上年下降42％。
In its report released on Monday, HLIB Research said the 1H24 core profit after taxation and minority interests (Patami) of RM5 million missed its and street estimates due to lower-than-expected revenue and EBITDA margin.
HLIB Research在週一發佈的報告中表示，由於收入和息稅折舊攤銷前利潤率低於預期，24年上半年的稅後和少數股東權益（Patami）500萬令吉的核心利潤未達到和華爾街的預期。
It said the order book was flat QoQ at RM120 million where the semiconductor front end made up 15% of the total.
該公司表示，訂單量環比持平，爲 RM120 百萬份，其中半導體前端佔總量的15％。
Hence, it had lowered the company's share target price to RM2.99 from RM3.24. The stock, trading at RM3.20 on Monday, dropped 19 sen or 6% to RM2.99 yesterday.
因此，它已將公司的目標股價從3.24令吉下調至2.99令吉。該股週一交易價格爲3.20令吉，昨日下跌19仙至2.99令吉，跌幅6％。
"UWC remains optimistic towards its business outlook and has started to see signs of recovery. It is expanding capacity for front-end semiconductor manufacturing business and EV projects," it added.
“UWC對其業務前景仍然持樂觀態度，並已開始看到復甦的跡象。它正在擴大前端半導體制造業務和電動汽車項目的產能，” 它補充說。
譯文內容由第三人軟體翻譯。