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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

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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