Singapore Stock Market News

Hi-P International - Buy On Dips

StockFanatic
Publish date: Fri, 30 Jan 2015, 12:22 PM
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Hi-P expects lower revenue in 4Q14 vs 4Q13 due to a drop in demand from certain customers (which we suspect to be Blackberry and Motorola), as well as lower forecasted yields on new products during the production ramp-up. Maintain BUY on dips with a SGD0.87 TP (22.5% upside). While we lower our FY14 revenue/NPAT estimates by 12%/13% respectively, we still expect a strong 4Q and an earnings turnaround going forward.
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