Hi-P International

SINGAPORE (Oct 9): Hi-P International’s subsidiary, Hi-P Holdings, has signed a conditional agreement to acquire 100% of the issued shares in the capital of South East Asia Moulding Company (SEAMCO) for up to US$31 million ($42.5 million).

SINGAPORE (Aug 1): Hi-P International reported a 16.9% increase in earnings to $14.4 million for the 2Q19 ended June, from $12.3 million a year ago, on the back of higher profit margins.

SINGAPORE (June 12): The ongoing US-China trade war has effected some of Singapore’s tech stocks. One of which is Hi-P International, according to Maybank Kim Eng.

SINGAPORE (May 6): Analysts seem to have a conflicting outlook on Hi-P International, following the group’s latest results announcement.

SINGAPORE (April 9): Maybank Kim Eng is downgrading its call on Hi-P International to “sell” from “hold” previously with an unchanged price target of $1.22, which is based on 1.5 times FY19E price-to-book value.

SINGAPORE (Feb 21): Hi-P International, the global contract manufacturer of smart phones, tablet computers and other consumer electronics, reported 4Q18 earnings fell 24.9% to $14.8 million from $44.8 million for 4Q17.

SINGAPORE (Jan 8): Maybank Kim Eng remains “neutral” on Singapore’s technology sector while lowering its target prices across the relevant stocks under its coverage.

SINGAPORE (Nov 12): Maybank KimEng is maintaining Hi-P International at “hold” on expectations of a tough FY19.

SINGAPORE (Oct 15): Maybank Kim Eng is cutting its earnings estimates for Hi-P International after the industrial mould manufacturing company lowered its earnings guidance for the second time this year, saying it expected lower y-o-y sales and profit comp