Dear all

Pursuant to my writeup see here, Hi-P managed to narrow its 2QFY15 losses to S$8m vs 1QFY15 -13.8m losses. Interestingly, Hi-P also stated the following guidance in its 2Q results release as follows

-Hi-P expects higher revenue and profit in 3QFY15F vs 3QFY14;

-Hi-P expects higher revenue and profit in 2HFY15F vs 2HFY14;

-Hi-P expects higher revenue and profit in FY15F vs FY14.

DMG has raised its target price from $0.43 to $0.56, citing that the worst may be over. However, UOB Kayhian has reduced its target price from $0.73 to $0.625 pegged to a lower price to book ratio.

For more information on the key takeaways from its recent results, you can take a look at Nextinsight.

Have a gd weekend!