Hi-P: +1.5% at $0.99. DBS reiterates Buy with $1.26 target. Notes that Hi-P is not involved in Research in Motion’s (RIM) new tablet, Playbook, but that is no loss to Hi-P. Believes Hi-P’s bet on the iPad likely to pay off because
i) iPad targets the broader consumer market whereas Playbook has a narrower corporate audience,…
ii) iPad is gaining netbook market share at amazing speed, and will likely retain its pole position in the tablet sales. Tips Apple to become Hi-P’s biggest customer by next year, overtaking RIM which currently contributes 30% of Hi-P’s sales.
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