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HI-P INTERNATIONAL LIMITED
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SgYuan
Supreme |
21-Dec-2017 09:14
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x 0
x 0 Alert Admin |
EW apply for uptrend and dntrend.
So w3 can be bullish up or dn depend on uptrend or dntrend EW.
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gchan516
Master |
21-Dec-2017 08:49
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x 0
x 0 Alert Admin |
oh no ... means another downward trend counter ... i always think that Wave 3 is bullish UP wave .... thank for clarification
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SgYuan
Supreme |
20-Dec-2017 22:41
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x 0
x 0 Alert Admin |
Wave 2 hit 177.
Now should be on wave 3.
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n3wbie
Elite |
20-Dec-2017 19:28
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x 0
x 0 Alert Admin |
Following Bloomberg' s article, Maybank has also just initiated on Hi-P this evening. A Clean Slate Initiate at BUY with SGD2.11 TP We see Hi-P entering a phase of record revenues and improved earnings quality. FY18E-19E EPS CAGR of 19% is driven by its key wireless customer, as well as the ramp-up of business with IOT customers and P& G. ROE profile should also markedly improve now that Hi-P has selectively moved way from unprofitable assembly projects to focus on stable ones from blue-chip customers, such as Apple, Keurig, and Colgate. Our TP is based on FY17E P/B of 3.4x. Allocation gains and product ramp-up We forecast revenue CAGR of 15% in FY17E-19E. Of this, about 4ppt of growth is driven by momentum of allocation wins from its key wireless customer. In the IOT segment, which is expected to deliver c8-9ppt of revenue growth, Hi-P is ramping up components for Customer A&rsquo s smart speakers (USD570b market cap e-commerce giant), and smart-locks assembly for Customer O (dominant Chinese bike-sharing platform). In the consumer electronics segment (CE, c35% of revenue), FY18E growth is driven by P& G&rsquo s outsourcing trends, and bright prospects from Keurig. Steady blue chip customers and improved returns We estimate that c80% of revenue is now contributed by blue-chip customers, each leaders in their fields with stable market shares. This is a transformation from a few years back when wireless assembly was a key contributor, at one point accounting for > 50% of revenues. As such, Hi-P&rsquo s returns over the past decade had fluctuated with the market share losses of Motorola, Nokia, Blackberry, and the Yota delinquency. We see the stability of current projects contributing positively to a more stable ROE profile ahead. Valuation and risks Our 3.4x FY17E P/B ratio is based on FY17E-19E avg. ROE: 21.9% and COE: 7.8%. This implies FY18E P/E of 13.6x and PEG of 0.7x, based on FY17E-19E EPS CAGR of 19%. We think this is reasonable relative to SGlisted peers trading at 14.5x FY18E P/E for 10% FY17-19E EPS CAGR. While DPS has spiked in FY17E, this is funded by strong FCF generation, and Hi-P has not forgone investments. Risks include: i) timely customer orders and payment ii) global recession and iii) stiff competition. |
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n3wbie
Elite |
20-Dec-2017 19:25
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x 0
x 0 Alert Admin |
thank you so much for your sharing!
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SgYuan
Supreme |
20-Dec-2017 15:08
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x 0
x 0 Alert Admin |
It could be. EW 180-w1 173-w2?177-w3?166-w4?170-w5?163 w1 7 w2 4, tgt 177 w3 11, tgt 166 w4 4, tgt 170 w5 7, tgt 163 This is base EW.
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n3wbie
Elite |
20-Dec-2017 14:40
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x 0
x 0 Alert Admin |
thanks. this means can potentiall go down to below 173 for w1?
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SgYuan
Supreme |
20-Dec-2017 12:45
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x 0
x 0 Alert Admin |
Dntrend EW
EW 180-w1 173? W1 not end yet. |
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n3wbie
Elite |
20-Dec-2017 08:16
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x 0
x 0 Alert Admin |
wow, a great story published in Bloomberg today on the Hi-P' s turnaround. https://www.bloomberg.com/news/articles/2017-12-19/how-apple-helped-a-77-year-old-ceo-recover-from-his-worst-error |
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n3wbie
Elite |
19-Dec-2017 16:16
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x 0
x 0 Alert Admin |
thank you so much for your insightful sharing!!
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SgYuan
Supreme |
19-Dec-2017 15:52
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x 0
x 0 Alert Admin |
It is a difficult one.
The previous posting is one possibility. This is due to time line issue. 2nd possibility is below. Wa 158-179 Wb 179-171 Wc 171-181 EW end. Now it looks like the above is more close. I have difficulty because of the timeline. Now waiting for new formation.
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SgYuan
Supreme |
19-Dec-2017 15:31
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x 0
x 0 Alert Admin |
Hi-p flow is very small.
Price movement will be very big. Have to becareful. I chk and let u know.
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n3wbie
Elite |
19-Dec-2017 15:07
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x 0
x 0 Alert Admin |
just wondering if you mind sharing what wave is the counter on now pls? thanks in advance.
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Octavia
Supreme |
18-Dec-2017 10:06
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x 0
x 0 Alert Admin |
Singapore' s exports growth slows in November
SINGAPORE: Singapore' s on-year non-oil domestic exports (NODX) growth slowed significantly in November from October' s double-digit pace, as sales of electronics cooled, official data showed on Monday. Exports rose 9.1 per cent in November year-on-year, data from the trade agency International Enterprise (IE) Singapore showed, slowing from a revised 20.5 per cent surge the month before. That was more than the 5.5 per cent increase predicted by economists in a Reuters poll. In October, exports grew at their fastest on-year pace in two-and-a-half years. On a seasonally adjusted month-on-month basis, exports grew 8.7 per cent in November after growing a revised 12.3 per cent in October. The poll called for a 0.6 per cent growth from the month before. Read more at https://www.channelnewsasia.com/news/singapore/singapore-exports-growth-november-slows-9506230 |
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SgYuan
Supreme |
12-Dec-2017 21:48
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x 0
x 0 Alert Admin |
Px 174.
EW start 1.95- w4 1.80-w5 1.58 abc near w4. Now on abc cycle. Wave a 158 to 165 Wave b 165 to tgt 161 Wave c 161 to tgt 178 EW end. I study the chart again. It hit 178 near w4 180 EW end. Sorry for the wrong reading. Now waiting for next wave formation.
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central
Senior |
12-Dec-2017 20:47
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x 0
x 0 Alert Admin |
today share buy back again 188 lots. | ||||
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SgYuan
Supreme |
11-Dec-2017 11:37
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x 1
x 0 Alert Admin |
Still at wave a.
The w4 in previous post was 1.8, not 1.72. Going to end soon.
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Battle123
Elite |
11-Dec-2017 11:20
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x 0
x 0 Alert Admin |
Buy or sell ??
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icecream
Member |
11-Dec-2017 11:14
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x 0
x 0 Alert Admin |
SgYuan. It reached 1.74 today already. Does this mean it is still at wave A or abc has ended? | ||||
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SgYuan
Supreme |
09-Dec-2017 12:08
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x 0
x 0 Alert Admin |
Found the problem.
Miss 1 wave count. EW start 1.95- w4 1.72-w5 1.58 abc near w4. Now on abc cycle. Wave a 158 to 169? Wave b 169 to tgt 162 Wave c 162 to tgt 173 EW end. Now on wave a end, going wave b tgt 162.
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