Maybank KimEng upgraded contract manufacturer Hi-P to Hold from Sell, saying the negatives are priced in after the stock’s 22 percent drop since late April.
These are Singapore companies which may be in focus on Friday, 3 May 2019: UOB, SembMarine, Frasers Property, ARA US Hospitality, OUEHT and Great Eastern.
Hi-P reported Thursday 1Q19 net profit rose 5.8% on-year to S$10.7M despite pricing pressures and a shift toward a lower-margin product mix.
These are Singapore companies likely to be in focus on Wednesday, 16 April 2019: MLT, SPH, Hi-P, Keppel-KBS US REIT and Cache Logistics Trust.
Hi-P Tuesday issued profit guidance for the first quarter of 2019 revenue and profit to come in similar to levels in the first quarter of 2018.
Maybank KimEng said on Monday that shares of Hi-P International were overvalued after gaining 47 percent since posting its earnings in late February.
These are Singapore companies which may be in focus on Monday, 1 April 2019: Swiber, SIA Engineering, Hyflux, Singapore Airlines and CapitaLand.
Maybank KimEng upgraded Hi-P International to Hold from Sell, saying the worst appeared to be over, but that earnings growth this year might be limited.
These are Singapore companies which may be in focus on Friday, 22 February 2019: OCBC, UOB, Wilmar, Genting Singapore, Hi-P and Roxy-Pacific.
Contract manufacturer Hi-P reported on Thursday its 4Q18 net profit fell 24.9 percent on-year to S$44.77 million amid more pricing competition.
These are Singapore stocks which may be in focus on Monday, 4 February 2019: CapitaLand, No Signboard, ST Engineering, DeClout, Hyflux and Noble.
These are Singapore stocks which may be in focus on Tuesday, 15 January 2019: CapitaLand and related REITs CapitaLand and related trusts and REITs requested…