Shares & Derivatives
AN ANALYST SAYS THIS STOCK COULD BE A PRIVATISATION TARGET
By Singapore Stocks Investing (SSI)  •  May 28, 2017
In a DBS report dated 23 May 2017, analyst Lee Keng Ling wrote that Hi-P which provides one-stop solutions for the wireless (smartphones), computer peripherals and consumer electronics might be a potential takeover target for global players looking to build a base in Asia. The analyst had a target price of $1.07 for Hi-P stock which implies a potential upside of 23% for the stock (based on the stock closing price as of 24 May 2017). Fundamental wise, Hi-P has been paying a steady and consistent dividends since year 2010 with a dividend yield of 0.92%, Price-to-Book ratio of 1.21. The largest substantial shareholder is Hsiao Tung Yao who holds a major stake of 61.14%. Since closing at $0.505 on the first trading year of year 2017, Hi-P has been appreciated by more than 72% year-to-date and the moving averages of Hi-P which have been ......
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By Singapore Stocks Investing (SSI)
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