Hi-P

Hi-P: newswires say Hi-P and its unit, Jabil Circuit has pipped Hon Hai, in getting the contracts to produce plastic casings for Apple’s cheaper version of the iPhone. Hi-P previously received Apple-related orders that were outsourced from main contract manufacturer Hon Hai, hence this latest order could entail higher margins for Hi-P. Hi-P share price has seen weakness of late, on reported pdtn cuts at Apple and poor outlook for Blackberry, both being Hi-P’s top two customers. Hi-P shares trade at 31.6x P/E, 1.0x P/B.