Hi-P - Hi-P International rated 'buy' by DBS

Stock Name: Hi-P
Company Name: HI-P INTERNATIONAL LIMITED
Research House: DBS Vickers

DBS Vickers Securities in a Jan 17 research report says: "According to revised guidance, the group revenues are expected to increase in 4Q10 over 3Q10, compared to the original guidance for flat sales q-o-q. We had conservatively expected 4Q10 PATMI of $30 million compared to $33 million in 3Q10.

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