Hi-P

Hi-P: DBS sees near-term resistance at around 70cts, vs fundamental TP of 72cts. Suggests that short-term traders can lock in gains on any marginal upside. Sees new support at 63cts, which provides a good re-entry level. DBS recommended Hi-P two weeks ago, citing a possible earnings turnaround that can extend to 3QFY10 on the back of the ‘Apple products’ story.