Hi-P kept at "buy" with 87-cent target by DMG

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

Research House: OSK-DMG

Price Call: BUY

Target Price: 0.87

SINGAPORE (Jan 30): DMG & Partners is keeping its "buy" call and 87-cent price target for Hi-P International, saying the contract manufacturer is expected to benefit from a ramp-up in production of the YotaPhone 2, the world's first dual-screen smartphone.

Available in most parts of the world this quarter, the phone consists of an LCD screen on the front and a Kindle-like screen on the back, with improved sensitivity for a better reading experience.