According to Lai, Hi-P has selectively moved way from unprofitable assembly projects to focus on stable ones with higher profitability from blue-chip customers such as Apple, Keurig, and Colgate.
SINGAPORE (Dec 21): Maybank Kim Eng Research is initiating coverage on electronics manufacturer Hi-P International with a “buy” recommendation and a target price of $2.11.
“Hi-P is entering a phase of record revenues and markedly improved earnings quality,” says analyst Lai Gene Lih in a Wednesday report.
