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HI-P INTERNATIONAL LIMITED
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TA_Expert
Supreme |
09-Jan-2019 09:40
Yells: "The World has changed" |
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Because of PCI' s deal, the whole electronic contract manufactueres got a boost. Hi-P is one of them. The share price staged a rally after speculation that the company will be either sold or privatised. On fundamental ground, Hi-P won' t be doing well given its key customers like Apple which is forecasting a slow growth in revenue. Even Samsung is not doing well. That was why Maybank Eng Kim is downgrading the stock. As long as the hope of a sale or privatisation remains, the share price will be supported. Looked at how well PCI price was supported for so long before the sale. All the insiders are holding their shares tightly as they know that the sale will materialise one day. |
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HendriJB
Supreme |
09-Jan-2019 09:00
Yells: "Breathe, Step Back - Think " |
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Hi-P falls 4.66% as Maybank downgrades it to 'sell'
WED, JAN 09, 2019 - 5:50 AM LYNETTE TAN Singapore CONTRACT manufacturer Hi-P International's shares tumbled on Tuesday amid volatility in Singapore's tech sector, with brokerage firm Maybank Kim Eng downgrading the stock from "hold" to "sell", citing its vulnerability to margin pressures and a downturn in consumer sentiment. In its morning note, Maybank also cut its target price for Hi-P by 21 per cent to S$0.68 from S$0.84. The stock began to fall just before lunchtime and continued sliding in afternoon trade. Share prices hit a roughly 5.18 per cent loss during the last hour of trade, before closing 4.66 per cent lower at S$0.92. Over 10 million shares changed hands. Maybank analyst Lai Gene Lih said volatility in Singapore's tech sector could persist, given the US-China trade war and macro uncertainties. He said that Maybank is lowering target prices (derived using the net asset value approach) across its Singapore tech coverage to factor in cuts to earnings forecasts and higher costs of equity. However, Hi-P is the most vulnerable, in comparison to other stocks with stronger resilience such as Valuetronics and Venture Corp, said Mr Lai. First, Hi-P's revenue mix makes it vulnerable to a material decline in global consumer sentiment. Mr Lai pointed to how Apple, Hi-P's largest customer with 40-50 per cent contribution to revenue, had guided for lower revenue last week. Maybank estimates that 80 per cent of Hi-P's revenue comes from consumer discretionary electronic products and that at least 30-40 per cent of them have short life-cycles of one to three years. Second, pricing pressure could persist as volumes remain weak. Mr Lai said: "Economies of scale could also drop as it diversifies its product mix amid weaker volumes." He also noted that Hi-P will be incurring one-off costs for a relocation of its resources to its Thailand and Nantong facilities. Barring a strong rebound in volumes that could alleviate pricing pressure, Hi-P's stock is likely to face another year of headwinds, said the analyst. Last year, Hi-P reported third-quarter earnings that were below expectations, blaming "a decline in market demand due to economic uncertainty, and a slower ramp-up for certain new products in the third quarter". |
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Sgvale
Supreme |
09-Jan-2019 07:46
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Remember to quickly sell when open har....it will up & down later..
It's going to go lower.. |
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easywin
Supreme |
08-Jan-2019 17:21
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Sunset Industry? | ||||
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Sgvale
Supreme |
08-Jan-2019 17:19
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0.90+ still don't want to exit. Wait for what? | ||||
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Sgvale
Supreme |
08-Jan-2019 17:18
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Samsung profit expected to down 30%. Kim Eng downgraded Hi-P target price to $0.68.
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ahhuat08
Elite |
08-Jan-2019 16:42
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Today' s drop may not be due to Maybank' s call, it could possibly due to Samsung' s disappointing Q4 earnings report. | ||||
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central
Senior |
08-Jan-2019 10:50
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Higher Is -Probably. | ||||
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TA_Expert
Supreme |
08-Jan-2019 10:23
Yells: "The World has changed" |
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Maybank Kim Eng call to sell is purely based on fundamentals, not on the hope of privatisation. | ||||
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central
Senior |
08-Jan-2019 10:03
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http://cj.sharesinv.com/20190103/62773/?utm_source=si_home& utm_medium=si_desktop | ||||
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Justice888
Supreme |
08-Jan-2019 09:32
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Hmm but volume higher than usual. 29 million shares done during first 30 mins . And price is holding quite well. Wonder wat is brewing ....
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Justice888
Supreme |
08-Jan-2019 09:29
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Cannot open
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Huataarrhh
Senior |
08-Jan-2019 09:25
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Hi-P (HIP SP): Hi-P Downgraded to Sell at Maybank PT S$0.68 https://factsetpdf.maybank-ke.com/PDF/122902_CN__f1561ea081eb4361b6d021a24980a1ea.pdf? |
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linsong88
Senior |
08-Jan-2019 09:05
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What a pump dump.. | ||||
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Sgvale
Supreme |
07-Jan-2019 15:59
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See $1 again. Offer revived..
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linsong88
Senior |
07-Jan-2019 15:50
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You been hoping it going down more and more.. Even 0.68 =. =
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Sgvale
Supreme |
07-Jan-2019 15:44
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Is offer coming? Ummm..... | ||||
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ysh2006
Supreme |
06-Jan-2019 15:44
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I also think don't have...coy still buy back if have mean could be insider trading....maybe be wait another six months second half lah... | ||||
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n3wbie
Elite |
06-Jan-2019 15:34
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Hi-P did share buyback on 3 Jan of 325.7k shares between 85-87c. if discussions are on-going for potential offer, it would be pretty poor governance that they conduct share buyback at this juncture. it may be worthwhile to pay attention to the language used in the response to the trading query (when share price rallied): " Subsequent to the unusual share trading yesterday, the Company understands that a controlling shareholder of the Company is considering a possible transaction involving the shares of the Company which may or may not lead to a transaction for the shares of the Company. However, to-date, the Company has not been approached by any party regarding any transaction involving the shares of the Company." |
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Sgvale
Supreme |
05-Jan-2019 17:20
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You said me ah? PCI offer came. When decide to take up, look at market value.
Hi-P price already drifted down from the hype, you still naively think got offer coming? No offer, hope offer come. Offer came, want to ask for more? That's people greed.
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