Hi-P International

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#9
Quite a shocker of a quarter - prob the worst quarter i've seen since 2010?

Below from Lim&Tan
**************************

HI-P (57 cents, up 3 cents)
As guided by management in late Jan’14, the company
swung into a loss of $14.5mln in 4Q’13, dragging
full year 2013 profit down 64% to $6.4mln.
However, if we exclude inventory provisions of
$4.7mln and one time impairment costs of
$13.5mln, operating profit would have been about
$4mln for 4Q’13, still significantly below their usual
quarterly profit range of between $15-20mln,
reflecting weakness from their key customers
Research In Motion and Apple. Final dividend
was halved to 0.6 cents, giving a yield of only 1%.
Looking ahead into 1Q’14, management expects the
difficult operating environment to continue and
expects to report a loss. Without signs of a
recovery in sight, we maintain our SELL
recommendation.
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Messages In This Thread
Hi-P International - by yogi - 18-09-2011, 02:20 PM
RE: Hi-P revenue contrib - by d.o.g. - 18-09-2011, 03:58 PM
RE: Hi-P revenue contrib - by yogi - 18-09-2011, 04:56 PM
RE: Hi-P revenue contrib - by ngcheeki - 19-09-2011, 04:13 AM
RE: Hi-P revenue contrib - by yogi - 22-09-2011, 11:14 PM
RE: Hi-P revenue contrib - by kbl - 05-07-2013, 09:45 AM
RE: Hi-P International Limited - by kbl - 17-07-2013, 05:48 PM
RE: Hi-P International Limited - by kbl - 01-08-2013, 06:31 PM
RE: Hi-P International - by AlphaQuant - 21-02-2014, 07:10 PM
RE: Hi-P International - by Tiggerbee - 04-11-2014, 12:14 PM
RE: Hi-P International - by phandal - 21-01-2015, 11:08 AM
RE: Hi-P International - by CityFarmer - 21-08-2015, 09:14 PM
RE: Hi-P International - by HitandRun - 29-02-2016, 08:35 PM
RE: Hi-P International - by kelvesy - 17-04-2017, 10:27 AM
RE: Hi-P International - by Value Explorer81 - 12-06-2017, 11:36 PM
RE: Hi-P International - by Big Toe - 13-06-2017, 01:07 AM
RE: Hi-P International - by kelvesy - 13-06-2017, 08:48 AM
RE: Hi-P International - by kelvesy - 03-08-2017, 06:14 PM
RE: Hi-P International - by cyclone - 20-12-2017, 11:46 AM
RE: Hi-P International - by cyclone - 18-12-2020, 07:04 PM

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