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huat ah
Just bot Hi-P at $1.30. Huat ah
If you track Hi-P' s practice in recent years, you would notice that they typically pay out their interim in 3Q and then FY in 4Q, this was a trend that was observed since they marked the turnaround from the Yota write-offs couple of years back. It also coincides with their seasonally stronger 2H performance
wait4opp ( Date: 30-Jul-2020 09:14) Posted:
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i wonder the buy queue at 1.27 is real or fake
Noe. Funds just found it' s way into my pocket.
wehuattogether88 ( Date: 30-Jul-2020 13:22) Posted:
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Funds exited banks stocks and going into Tech stocks is it?
Justice888 ( Date: 30-Jul-2020 09:49) Posted:
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This I never sell . But I sold Wilmar Ascendas and Mapletree industrial
wait4opp ( Date: 30-Jul-2020 09:23) Posted:
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Open high is perceived to be good news. So should see more up side.
wait4opp ( Date: 30-Jul-2020 09:23) Posted:
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I quickly sell in the preopen.......lol
Justice888 ( Date: 30-Jul-2020 09:17) Posted:
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I think their guidance are strong for the rest of the quarters.
So u short or Long ? Since u so disappointed
wait4opp ( Date: 30-Jul-2020 09:14) Posted:
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So disappointed result by a lot of people......no dividend also.....
But why up not down.......strange....
But why up not down.......strange....
so buy or sell ?
Joelton ( Date: 30-Jul-2020 09:11) Posted:
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Hi-P posts 3.3% dip in 1H20 earnings to $24.2 mil
Hi-P International reported a 3.3% dip in earnings for 1H20 ended June to $24.2 million, from $25.0 million a year ago.
This translates to earnings per share (EPS) to 3 cents, down 3.8% from the 3.12 cents during the same period last year.
Revenue declined 5.1% y-o-y to $543.8 million mainly due to the Covid-19 disruptions in
1Q20 ended March. Hi-P says the decline was cushioned by higher turnover for 2Q20 ended June.
1H20 gross profit fell 10.1% y-o-y to $68.4 million while gross profit margin (GPM) contracted 0.6 percentage points to 12.6%, from 13.3% last year. This is due to the lower revenue, losses from the Covid-19 disruptions from Hi-P&rsquo s operations in China in February 2020, and higher depreciation of property, plant, and equipment.
Other income rose 61.4% y-o-y to $7.6 million mainly from the subsidies granted.
&ldquo We have initiated a business transformation campaign within Hi-P to sharpen our competitive edge. Notably, we have re-organized our management structure into two business units which are driven by two newly appointed Chief Operating Officers,&rdquo says Yao Hsiao Tung, executive chairman and CEO.
&ldquo This will enable us to better serve our customers and grow our businesses, and also part of our senior management development and leadership planning. Additionally, we are gathering momentum and continuously working on several initiatives including diversifying our production regions and customer base, ODM development, artificial intelligence aided system flows and automation, amongst others.
All business functions and manufacturing sites have also initiated their own transformation plans as we embark on this holistic corporate transformation project,&rdquo he adds.
As at June 30, cash and cash equivalents stood at $318.1 million.
The core performance is actually substantially weaker than the reported headline figures - govt subsidies and fx gains
Timer78 ( Date: 29-Jul-2020 22:16) Posted:
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Based on the results, it is too obvious which way it will go tomorrow. Just too obvious to me, but I shall not say it out.
for those who do not know, let' s wait till tomorrow 😇
for those who do not know, let' s wait till tomorrow 😇
Why would it gap down? With the below positive guidance considering its covid year it is very impressive. Furthermore they are also exploring M&A opportunities.
- The Group expects higher revenue and similar profit for 2H2020 as compared to 2H2019
- The Group expects higher revenue and profit for 2H2020 as compared to 1H2020
- The Group expects higher revenue and similar profit for FY2020 as compared to FY2019
- The Group expects higher revenue and similar profit for 2H2020 as compared to 2H2019
- The Group expects higher revenue and profit for 2H2020 as compared to 1H2020
- The Group expects higher revenue and similar profit for FY2020 as compared to FY2019
PQTPQK ( Date: 29-Jul-2020 19:42) Posted:
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Will GAP down tomorrow?
BB-trader ( Date: 29-Jul-2020 19:16) Posted:
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Hi-P guidance.
Barring any other unforeseen circumstances, the Group wishes to guide its financial performance as follows:
- The Group expects higher revenue and similar profit for 2H2020 as compared to 2H2019
- The Group expects higher revenue and profit for 2H2020 as compared to 1H2020
- The Group expects higher revenue and similar profit for FY2020 as compared to FY2019
Barring any other unforeseen circumstances, the Group wishes to guide its financial performance as follows:
- The Group expects higher revenue and similar profit for 2H2020 as compared to 2H2019
- The Group expects higher revenue and profit for 2H2020 as compared to 1H2020
- The Group expects higher revenue and similar profit for FY2020 as compared to FY2019
Just saw it: not so affected by Covid-19.
Hi-P reports S$24.2 million net profit for 1H2020
? Despite COVID-19 disruptions, revenue declined only 5.1% yoy to S$543.8 million for 1H2020
? Gross profit margin contracted from 13.3% for 1H2019 to 12.6% for 1H2020, due mainly to COVID-19 disruptions, partially offset by government subsidies granted and several cost control
measures
? Healthy operating cash flow generation of S$40.6 million for 1H2020 contributed to balance sheet
strength as the Group remains in a strong net cash position of S$196.9 million
? Group embarks on a holistic corporate transformation project to re-organize its management
structure into two business units to sharpen competitive edge.
Hi-P reports S$24.2 million net profit for 1H2020
? Despite COVID-19 disruptions, revenue declined only 5.1% yoy to S$543.8 million for 1H2020
? Gross profit margin contracted from 13.3% for 1H2019 to 12.6% for 1H2020, due mainly to COVID-19 disruptions, partially offset by government subsidies granted and several cost control
measures
? Healthy operating cash flow generation of S$40.6 million for 1H2020 contributed to balance sheet
strength as the Group remains in a strong net cash position of S$196.9 million
? Group embarks on a holistic corporate transformation project to re-organize its management
structure into two business units to sharpen competitive edge.
BB-trader ( Date: 29-Jul-2020 19:23) Posted:
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