| Latest Forum Topics / Hi-P |
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HI-P INTERNATIONAL LIMITED
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WL123456
Supreme |
13-Mar-2019 11:03
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So obvious the shorting . There?s less than 100k shares for sale at every price level.
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Starwar88
Supreme |
13-Mar-2019 11:03
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HSI moving down again. May test morning Low again? | ||||
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easywin
Supreme |
13-Mar-2019 10:56
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Morning two hours dark clouds have passed? | ||||
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FrancisLim
Elite |
13-Mar-2019 10:40
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Sunview - thanks for the posting
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eric998
Supreme |
13-Mar-2019 10:35
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yesterday techinically evening star.. so today unload.. shortists win...
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WL123456
Supreme |
13-Mar-2019 10:35
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I believe is on a longer term uptrend so buying on dip is a good opportunity to consider . Short term volatility is there due to the increase in short selling . They will need to cover back and hence will eventually offer support to the price . 80+% of this counter is in the owners hands so I believe the short sell will eventually be exhausted when there is not enough sellers for shorts to buy back . But it?s obvious from the Lim and Tan reports that a concerted effort is mounted to short Hi P. Good thing is the drop is not due to the company fundamentals .
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stockist75
Veteran |
13-Mar-2019 10:35
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Seem like no support and free fall. More downside coming.
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marker
Member |
13-Mar-2019 10:31
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selling down fast![]()
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whaler
Member |
13-Mar-2019 10:29
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Hi-P has run up too fast...be cautious | ||||
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easywin
Supreme |
13-Mar-2019 10:29
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Analysts said is purely their own opinion, for traders or investors just have to made your own judgments and I believe for those who know and read the annual report will take the opportunity to buy when price down.
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limkt009
Master |
13-Mar-2019 10:28
Yells: "Watch your front, grab $$$$$$$$ at your own time" |
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1.66 now, likely selling to 1.60 | ||||
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WL123456
Supreme |
13-Mar-2019 10:23
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The upgrade by Bank of America shows that it will be a potentially better FY for Hi P. I think the rise in price add further credence to the possibility of an offer to the 70 plus owner . He is at an age where retirement is a possibility with no successor . At current price , he might consider the offer of anything that?s $1.80 and above . The cash horde of almost $250 mil is certainly very attractive .
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sunview
Veteran |
13-Mar-2019 10:14
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Below from Lim and Tan. Just for info. Not vested. |
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sunview
Veteran |
13-Mar-2019 10:11
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Apple Inc continues to struggle with iPhone demand, particularly in China, with trends going from ' bad to worse' , according to Longbow Research. " Without iPhone demand acceleration on the horizon, we currently do not see any catalysts near term to drive significant EPS upside," wrote analyst Shawn Harrison. He affirmed his neutral rating on the stock and said the lack of a rebound in iPhone sales creates risk and shifts more focus to Apple' s March 25 event, where the company is expected to introduce a video programming service and premium magazine subscription plan.   Shares of Apple gained as much as 2.1 percent on Tuesday and the stock was on track for its third straight daily gain. While the stock has rebounded 27 percent from a January low, and is currently trading at its highest level since December, Apple remains more than 20 percent below record levels reached in October. Longbow&rsquo s comments were echoed by UBS, which wrote that an analysis of government smartphone sell-through data from China suggested demand there was " still weak."   " The annual rate of decline for Apple iPhones in the month of February (down 67 percent y/y) is similar to the weakness in January and December months," the firm wrote to clients. Much of Apple' s weakness over the past few months has been related to weakening demand prospects for the iPhone, particularly in China. In January, the company cut its revenue outlook for the first time in almost two decades due to this factor.   According to data compiled by Bloomberg, almost 20 percent of Apple' s fiscal 2018 revenue was derived from China, and the iPhone accounted for 62 percent of revenue. " Multiple iPhone price cuts did not stop China iPhone search trends from weakening further while February supplier sales were abysmal, decelerating on a year over year basis vs January," Harrison wrote in a research note Tuesday. Of 42 Apple suppliers, he wrote, 37 of them " reported worse than seasonal sales" in February.   Harrison added that there was " weaker interest year over year" for iPhones, citing search data for both Google and China' s Baidu. In February, Baidu iPhone searches were down 47 percent from the prior year, per his data. Analysts are split on Apple' s outlook with 22 recommending buying shares and another 22 recommending holding the stock. Just one firm has a sell rating. The average price target is $178, or slightly below where the stock closed on Monday.   On Monday, BofAML upgraded the Dow Jones Industrial Average component to buy, forecasting " stability of supply chain order cuts" " and a &ldquo large reversal of inventory overhang in iPhones." Apple&rsquo s second-quarter results will be released on or about April 30. Analysts expect the company to report adjusted earnings of $2.38 a share on revenue of $57.54 billion. These estimates indicate a drop of nearly 13 percent in profitability and sales falling 5.9 percent compared to the prior-year period.   Apple is a major customer of local contract manufacturing company Hi-P ($1.75, up 0.02) and accounts for almost half of its business. We note that since the release of its better than expected 4Q&rsquo 18/ FY 2018 results (on 21 Feb' 2019), Hi-P has risen a sharp 60% to yesterday' s close of $1.75/share.   In doing so, it has significantly outperformed its largest customer Apple' s 6% rise over the same period as well as its closest competitor Hon Hai' s 4% decline. Even Singapore&rsquo s largest contract manufacturer Venture Corp' s 14% climb pales in comparison.   Valuations wise, Hi-P is trading at 14-15x PE which is about the same as its major customer Apple as well as Venture Corp but at a significant premium to the world' s largest contract manufacturer Hon Hai' s 10x. Fundamentally, Hi-P is guiding for 1Q' 2019 profitability to be slightly lower than last year' s $10 million which will be a sharp decline from the seasonally stronger 4Q' 2018' s $44 million.   Finally, based on Bloomberg consensus average target price of $1.17, Hi-P is almost 50% over-valued. We thus believe speculative elements could be at play and thus caution buyers of the stock at current level to " Trade with Caution" as a " no deal" outcome could see a sharp pull back of the stock price.   |
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WL123456
Supreme |
13-Mar-2019 09:59
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When price is too Low , offer will not be accepted . Remember this company excess cash of close to $250 mil, maybe even more after latest qtr profit .
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chanbs
Elite |
13-Mar-2019 09:57
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ok ... see if 169 can hold next wave down attempt
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Justice888
Supreme |
13-Mar-2019 09:54
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Why the boss never want to buy over when it is $1. Instead of paying so much now. All bosses want to buy Low ba
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WL123456
Supreme |
13-Mar-2019 09:54
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Long term still bullish , short term depends . I still see buying support . If double bottom forms , it?s a bullish sign.
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chanbs
Elite |
13-Mar-2019 09:45
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1.69 .... looking at 1.67 possbility today then short term bearish if broken ?
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WL123456
Supreme |
13-Mar-2019 09:44
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One stock watcher said: "Hi-P privatisation talk has been circulated on and off due to the founder's old age." Mr Yao is over the age of 70.
Fanning speculation on Monday was an anonymous note circulated by remisiers, which flagged Hi-P as a "potential privatisation play". Hi-P has bought back slightly over 1 per cent of its shares since it renewed its share purchase mandate on Apr 20. It also has a relatively small free float. The note read: "Assuming the group purchases the maximum 10 per cent (of total issued shares allowed under the share purchase mandate), Yao's ownership could potentially increase to more than 92 per cent - making it easy for a privatisation bid. In fact, the company has to increase its free float or delist when the free float falls below 10 per cent." Hi-P's high cash balance of S$234.5 million was also highlighted, relative to its market cap of S$880.7 million. Hi-P, which makes plastic and metal parts for Apple, has been identified as an acquisition target before. DBS analysts observed last year: "With its entrenched relationship with key customers, which include some of the world's biggest names in mobile phones, tablets, household and personal care appliances, Hi-P could be an attractive target for global companies looking to build a base in Asia." In the past, speculators eyeing an M&A play have also focused on Mr Yao's "lack of a concrete succession plan", though this may have changed. On Nov 1, Mark Su Lii-Yun, who is based in China, was named deputy chief executive to assist Mr Yao in the overall management of the group. |
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