HI-P

How come analysts suddenly become so cold towards this stock? CIMB ... was the worst.

1 month ago, I would never have expected Hi-P to dive to 73.5 cents. Is the 3Q result going to disappoint so badly?

Will it go below 70 cents?

“Our performance to date for 2012 has been below our expectations due to changes in
product mix as well as unanticipated delays in customers’ programs. The situation is
expected to improve as some of the delayed programs are being delivered in the last
quarter of 2012 and beyond into 2013. As such, we expect the profit in 4Q2012 to be
stronger than 3Q2012.

More importantly, to continue to grow our business in this volatile environment, we will
need to market to new customers while entrenching our position with existing ones. This
will be achieved through the capacity and capability expansion plans that we are rolling
out, to be spearheaded by our new S$300 million Nantong plant which will turn
operational in the second half of next year. ”

Mr. Yao Hsiao Tung (姚晓东), Executive Chairman & CEO

I think after the 3Q disappointment, investors will be more conservative. The stock has recovered to 80.5 cents. Will still rise perhaps to 90 cents. But doubt it will hit past $1.00 again until the profits really surface

At Hi-P'S 3QFY2014 briefing, L-R: CFO Samuel Yuen, Executive Chairman Yao Hsiao Tung, COO Gary Ho