Hi-P

From TA point of view, it has now managed to reclaimed its 20 day moving average which is quite positive and may likely continue to trend higher.

Good thing is that it has managed to bounce-off from its recent low of 1.27 on 23 May 2018 and rises higher to touch 1.42 on 30 May 2018, this is rather bullish.

Yesterday closing price of 1.42 is rather healthy as it has managed to retest the recent high and may likely continue to move up towards 1.52 then 1.57 . Filling up the Gap at about 1.63 would be rather bullish and may likely drive the price higher towards 1.78 which is also coincide with its 50 days moving average.

Not a call to buy or sell.

Please do your own due diligence.

NAV of 65.4 cents.
Rolling EPS of 15 cents.
PE of less than 10X
Dividend of about 10 cents.
Yield is 7% which is rather impressive.

Yesterday Nasdaq notches a record close as shares of Apple and Amazon jump to new highs 

• Monday marked the first record closing high for the Nasdaq dating back to March 12, when it closed at 7,588.32.
• The tech-heavy index rose 0.7 percent as Apple and Amazon gained 0.8 percent and 1.5 percent, respectively.(cnbc.com)

This may likely bring cheers to local Tech counter like Hi-P and hopefully see its price rises to retest 1.52 and above.

Latest 1Q result for your reference. Gross Profit increased 13% to reach 37.8m. 
Net Profit increase marginally of 1.3% to 12.1m after factoring the foreign exchange loss of 13m..

Hi-P International Limited operates as an integrated contract manufacturer serving the telecommunications, consumer electronics, computing and peripherals, lifestyle, and medical and industrial devices industries. The company operates through three segments: Precision Plastic Injection Molding; Mold Design and Fabrication; and Provision of Sub-Product Assembly and Full-Product Assembly Services. It manufactures and sells molds and special tools, related housing appliance plastic components and equipment, and water treatment equipment; plastic components and plastic product modules; mold base and components; electric components and electronic communication equipment; in-mold decoration lenses; precision stamped metal components and precision tools; and metal and non-metal stampings, as well as provides spray painting, engineering support, maintenance, and technology consultation services. In addition, the company engages in the manufacture, wholesale, import and export, and sale of electronic telecommunication devices, housing appliances, automated equipment, and related components. Further, it manufactures and sells trays, mobile phones, telecommunication products, digital cameras and related electronic products, and electric toothbrushes; assembles coffee machines and parts, as well as provides related maintenance and after-sales services; and offers investment and management consulting services. Additionally, the company engages in the assembly and provision of ancillary value-added services, primarily surface finishing services. It has operations primarily in the People's Republic of China, Singapore, Malaysia, Thailand, Europe, the United States, the rest of Americas, and internationally. The company was founded in 1980 and is headquartered in Singapore.