Singapore Stock Market News

Hi-P International - Uncertainty rising

StockFanatic
Publish date: Wed, 02 Oct 2013, 11:02 AM
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■ Customer demand falling short on weaker than expected reception to 5C iPhones and rising stockpiles

■ Expect 3Q to be on track but momentum likely to fizzle out, thus weakening the outlook for 4Q and even FY14

■ Downgrade to Hold, TP cut to S$0.65
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