Stock Name: Hi-P
Company Name: HI-P INTERNATIONAL LIMITED
DBS Vickers Securities in an Apr 16 research report says: "1Q12 guidance raised on better sales and more efficient cost controls. Instead of a flat revenue y-o-y, Hi-P now expects 1Q12 revenue to grow on higher than expected traction from a wireless customer towards late March. "Higher sales coupled with tight cost controls will also result in a small net profit instead of a loss as previously guided. While positive, the impact to FY2012F earnings is marginal. We are currently projecting net profit of $66 million (+48% y-o-y) for 2012. "As Hi-P's new processes and automation mature and impact of critical mass kick in, margin recovery in 2H12 should be healthy, in our view. Target price of 95 cents. MAINTAIN HOLD."
Company Name: HI-P INTERNATIONAL LIMITED
| Research House: DBS Vickers | Price Call: HOLD | Target Price: 0.95 |
DBS Vickers Securities in an Apr 16 research report says: "1Q12 guidance raised on better sales and more efficient cost controls. Instead of a flat revenue y-o-y, Hi-P now expects 1Q12 revenue to grow on higher than expected traction from a wireless customer towards late March. "Higher sales coupled with tight cost controls will also result in a small net profit instead of a loss as previously guided. While positive, the impact to FY2012F earnings is marginal. We are currently projecting net profit of $66 million (+48% y-o-y) for 2012. "As Hi-P's new processes and automation mature and impact of critical mass kick in, margin recovery in 2H12 should be healthy, in our view. Target price of 95 cents. MAINTAIN HOLD."
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