HI-P

Wah, so optimistic one! Then I will buy keppel, noble, osim n Uob instead. Bcos their returns r much higher than hiP lah. Just a thinker n good luck.

Just 1 week after my earlier posting, and Hi-P has touched $1.07.

It is clearly enjoying a spillover from the euphoria over iPhone5 : Apple takes orders for 2 million iPhone 5s; shares hit $700
[hr]
[Oula 10-09-2012]:

Hi-P closed at 99.5 cents. Vol traded 5.412 million shares.
What should I do?  eeni meeni miini moh

Hi-P (+3 cents, $1.08) is riding high on iPhone 5's fantastic debut.

Quote from Lim & Tan Securities report today:

Suppliers like Hi-P are busy ramping up new production capacity in China this year as well as next year to cater to Apple’s robust demand.

 Since Hi-P broke above the $1.03 resistance level last week (first reached in Mar ’12), it has been stuck in a narrow range of $1.03-1.09.

 Notwithstanding short term set-backs, we believe the mid-longer term demand dynamics from Apple should see Hi-P trending up towards its next resistance level of $1.24 reached twice in 1H 2011.

 We maintain BUY on Hi-P.

Hi-P down so sharply on lowered expecctations of profit for 3Q.
Well, it is setting itself up for a rebound I believe.

Dived like Olympian to deep water (value) @ 79 cents level. Time to fish it out?