Hi-P

First quarter result is out .

Hi-P  reports  a  19.9%  yoy  rise  in  net  profit  to  S$10.1  million  for  1Q2018

· · Higher  sales  volume  drives  a  15.1%  yoy  increase  in  revenue  to  S$281.1  million Robust  operating  cash  flow  generation  bolsters  balance  sheet  strength  as  net  cash  position improves  to  S$137.0  million  as  at  31  March  2018  (31  December  2017:  S$77.6  million


Barring  any  other  unforeseen  circumstances,  the  Group  wishes  to  guide  its  performance  as  follows: - -


- The  Group  expects  similar  revenue  but  lower  profit  for  2Q2018  as  compared  to  2Q2017 

 The  Group  expects  higher  revenue  and  profit  for  2H2018  as  compared  to  1H2018

The  Group  expects  similar  revenue  but  lower  profit  for  FY2018  as  compared  to  FY2017 -

Hi-P - rolling EPS of 15 cents. PE of 14.7 times. NAV of 65.4 cents.
Dividend of 0.25 ( Special + final dividend) .

From TA point of view, it has been driven into oversold territories as can be seen from the chart below. MACD has entered the oversold region.

Also current price of 1.66 has fallen off below it's 2,50,100 & 200 days moving average, which is seemingly rather bearish!

Short term wise, with good set of result from Apple, may likely help to push the price higher to retest the 200 days MA at 1.78. Breaking out of 1.78 with ease + good volume, that may drive the price higher towards 2.00 ( 20 days moving average).

Not a call to buy or sell.
Please do you own due diligence.

Looking through their financial nos, The total revenue has slightly increased from 1.2b to about 1.4b.
Gross profit , Net Income has been generally fluctuating up and down within the last 5 years. Earnings is not consistence.


Diluted EPS is also fluctuating up & down which is quite difficult to measure the certainty of the company performance.

This could be a strong seasonally year whereby there have managed to generated a good financial results of hitting diluted eps of 11.2 cents as reported on the table below.

Apple pops on earnings beat, strong guidance

• Apple beat earnings expectations.
• But Apple announced a generous $100 billion capital return program.

Apple reported quarterly earnings and revenue on Tuesday that beat expectations, but sold fewer iPhones than expected.

Shares rose as much 5 percent after hours, as investors digested the company's better-than-expected outlook for the current quarter, and a hefty capital return program.

The soft iPhone sales were still up from a year ago, and Apple CEO Tim Cook said in a statement that customers "chose iPhone X more than any other iPhone each week in the March quarter."

• Earnings per share: $2.73 vs. $2.67, adjusted, expected by a Thomson Reuters consensus estimate
• Revenue: $61.1 billion vs. $60.82 billion expected by Thomson Reuters consensus
• iPhone unit sales: 52.2 million vs. 52.54 million expected by a StreetAccount estimate
• Fiscal Q3 revenue guidance: $51.5 billion to $53.5 billion vs. $51.61 billion expected by Thomson Reuters consensus

Net income was $13.82 billion, up from $11.03 billion a year ago. A year ago, Apple earned $2.10 a share on revenue of $52.9 billion.

Wall Street reads between the lines on iPhone X, China sales

While Apple's iPhone shares were slightly softer than expected, the company managed to make more money than forecast with its services business, and offered Wall Street a generous $100 billion capital return program.

(cnbc.com)