Hi-P

Re: Hi-P

Postby winston » Wed May 04, 2011 8:43 am

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HI-P INTERNATIONAL - Electronics contract manufacturer Hi-P International said it swung to a net profit of S$17.9 million in the first quarter, compared to a loss of S$14.2 million a year ago, due to higher sales from projects.

Source: Reuters
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Re: Hi-P

Postby winston » Mon Jul 04, 2011 8:35 am

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Hi-P International said it expects to report lower revenue and net profit after tax for the second quarter compared to the preceding three months, due to the delay of projects from its customers, and higher labour and material costs.

Source: Reuters
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Re: Hi-P

Postby winston » Mon Oct 24, 2011 8:42 am

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Singapore contract manufacturer Hi-P International said on Friday it expects to report lower net profit for its third quarter, compared with the second quarter, as higher labour and material costs offset increased revenue mainly from new projects.


Source: Reuters
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Re: Hi-P

Postby winston » Mon Oct 24, 2011 12:31 pm

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Singapore Hot Stocks-Hi-P falls after firm forecasts profit fall

SINGAPORE, Oct 24 (Reuters) - Shares of Singapore contract manufacturer Hi-P International, fell as much as 6 percent after the company forecast third quarter profit to fall from its second quarter.

By 0257 GMT, Hi-P shares were down 4.3 percent at S$0.56, underperforming the broader Straits Times Index <.FTSTI>, which was up 1.7 percent.

Hi-P, which supplies parts to the telecommunications, consumer electronics and computing industries, said on Monday that higher labour and material costs are likely to offset increased revenue coming mainly from new projects.

[ID:nSNZ5mXgsz] DMG & Partners Securities said in a report that the poor results are mainly due to margin compression as the company faces downward pricing pressure from its customers, particularly Research in Motion .

Full-year gross margin is forecast to fall by three percentage points year-on-year to 16 percent, DMG said, adding that the risks of reduced average selling prices and rising labour costs remain its key concerns.

However, the brokerage said that Apple has been opening up its supply chain, bringing in new vendors and encouraging more competition among the suppliers. This move may provide opportunities to Hi-P, DMG said.

Source: Reuters
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Re: Hi-P

Postby winston » Wed Nov 02, 2011 8:33 am

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HI-P INTERNATIONAL LTD - Electronics contract manufacturer Hi-P International said its third quarter net profit fell 42.4 percent to S$6.5 million despite a rise in revenue as it was hurt by pricing pressure, higher material and labour costs.

Source: Reuters
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Re: Hi-P

Postby winston » Mon Dec 05, 2011 8:47 am

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More than 200 workers at a electronics plant owned by Singapore's Hi-P International in Shanghai, remained on strike for a third day on Friday, to denounce what they said was a management plan for mass layoffs.

Source: Reuters
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Re: Hi-P

Postby winston » Tue Feb 21, 2012 10:40 am

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HI-P INTERNATIONAL LTD - Singapore contract manufacturer Hi-P International denied a broker's report that it had secured a large order, believed to be from Apple, for its new metal-casing business.

Hi-P also said that its planned capital expenditure of around S$100 million is for the acquisition of different machinery and equipment, as well as for the expansion of the firm's production facilities.

Source: Reuters
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Re: Hi-P

Postby winston » Fri Feb 24, 2012 12:11 pm

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Contract manufacturer Hi-P International said its fourth quarter net profit plunged 73.7 percent to S$9.4 million from a year ago, despite booking revenue growth, as it was hurt by pricing pressure, higher material and labour costs and higher depreciation of certain assets.

Source: Reuters
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Re: Hi-P

Postby winston » Thu May 03, 2012 8:56 am

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Hi-P reported on late on Wednesday a 91 percent drop in quarterly net profit despite higher revenue, but said it expects robust orders in the second half.


Source: Reuters
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Re: Hi-P

Postby winston » Mon Sep 03, 2012 12:53 pm

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STOCKS NEWS SINGAPORE-Hi-P International rises on China investment

Shares of Singapore's Hi-P International Ltd gained as much as 2.8 percent, after the contract manufacturer said it plans to invest around S$300 million ($240.5 million) for a project in China.

On Monday Hi-P shares rose as high as S$0.93, the highest since Aug. 24.

Some 1.1 million shares changed hands, 1.8 times the average full-day volume over the past 30 days.

Hi-P supplies parts to companies including Apple Inc and BlackBerry maker Research in Motion Ltd .

Hi-P said on Friday it will acquire land use rights at the Nantong Economic and Technological Development Area and build a new plant that is set to increase its production space by around 50 percent.

The plant will focus on producing electro-mechanical components, modules assembly and products for the electronics industry, Hi-P said.

"We believe Hi-P's proposed S$300 million China investment, announced last Friday, is linked to greater allocations from Apple and a testament to Hi-P's ability to offer quality components at competitive prices," CIMB Research said.

The project will boost Hi-P's 2013-2014 fiscal year earnings and catalyse its stock price, CIMB said, raising its target price on Hi-P to S$1.06 from S$0.96 and maintaining its 'outperform' call.

Source: Reuters
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