Hi-P International

I have a lesson to share. Remember the strike by 200 hi-P workers in China in early Dec 2011? The protests made news but it was largely irrelevant to the stock price. The stock got hammered anyway to around 60 cents and lower. What matters is the outlook for the business. In that respect, Hi-P has a fantastic outlook when the new iPhone and iPad are launched in the next couple of months. Just don't overpay for the shares. At 90.5 cents, it seems a bit high

Profit taking obviously, today as the stock went down 5.5 c to 85 cents. I expect it to trade sideways for quite a while more, with a downward bias. 

+4 cents to 89.5 cents. No chance for bargain hunters to buy at lower prices . Sob

Hi-P is making a roaring comeback with a + 7 cent jump to 92.5 cents.  I am looking to sell out at S$1.00 . Wish me luck!

I read that production of the next iPhone has begun -- should be in order for it to be released by October/November during the holiday season.  This is Hi-P's success story as it too counts Apple as a major customer.

Something worth nothing is Hi-P is also transforming into an ODM player.

On current news flow and near-term expectations... I think a target of $1.15 is achievable in the months ahead.

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