Thursday, June 28, 2012


Hi-P: Rose 6.8% yesterday to 79c on 686,000 shares, about in line with its 6 months average traded volume, outperforming the overall market’s flattish performance. Since Co started buying back shares on 21May ’12 (around the 72-73c level) and continued doing so till 4 Jun 12 (around the 67c level) , it has helped to stabilize the stock’s performance after having declined from its high reached at $1.04 level atthe end of Mar ’12. Mkt is starting to anticipate mgt’s guidance of a strong pick up in business momentum starting in 2Q ’12 as strength from Apple, Amazon, Nike, Seagate, Colgate and P&G help to offset the weakness from its largest customer RIM.

No comments:

Post a Comment