Shares & Derivatives
Hi-P 2QFY15 follow up
By Ernest Lim's investing blog  •  August 14, 2015
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!...
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By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
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