Hi-P kept at 'buy' with 87 cents target price by DMG

Stock Name: Hi-P
Company Name: HI-P INTERNATIONAL LIMITED

Research House: OSK-DMG

Price Call: BUY

Target Price: 0.87

SINGAPORE (Nov 5): DMG Research is maintaining its "buy" call on integrated contract manufacturer Hi-P with a target price of 87 cents.

In a Nov 5 report by Jarick Seet and Terence Wong, the analysts believe that Hi-P's turnaround is firmly in place, net loss has narrowed significantly and expect Hi-P to outperform in 4Q.