Singapore Stock Market News

Hi-P International - Lowering outlook guidance

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Publish date: Thu, 03 May 2018, 06:32 PM
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■ Decent 1Q18 results despite high forex loss of S$13m; strong net cash position

■ Weaker outlook guidance; expects lower profit for FY18F

■ Trimmed earnings by 5% each for FY18F and FY19F

Maintain HOLD, TP reduced to S$1.80
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