RESULTS in line. As expected, Uchi Technologies (Uchi) (RM9.60) October-December results were weaker than the preceding quarter, in line with its seasonal trend.
In its core business of manufacturing coffee modules, production normally peaks in July-September such that shipments can reach contract manufacturers in time for the finished products of fully automatic coffee machines to hit stores before Christmas, when consumer sales are at its peak. On the whole, the latest results are in line with our expectations.