Dear all
Pursuant to my writeup http://ernest15percent.com/index.php/2015/08/05/hi-p-has-tumbled-42percent-since-2015-high-what-gives/, Hi-P managed to narrow its 2QFY15 losses to S$8m vs 1QFY15 -13.8m losses. Interestingly, Hi-P also stated the following guidance in its 2Q results release as follows
-Hi-P expects higher revenue and profit in 3QFY15F vs 3QFY14;
-Hi-P expects higher revenue and profit in 2HFY15F vs 2HFY14;
-Hi-P expects higher revenue and profit in FY15F vs FY14.
DMG has raised its target price from $0.43 to $0.56, citing that the worst may be over. However, UOB Kayhian has reduced its target price from $0.73 to $0.625 pegged to a lower price to book ratio.
For more information on the key takeaways from its recent results, you can take a look at http://www.nextinsight.biz/index.php/story-archive-mainmenu-60/927-2015/10203-hi-p-international
Have a gd weekend!...