Hi-P

Hi-P: Major customer Blackberry has been strengthening in the past 4 trading days by close to 10% after RBC Capital Market and Society Generale analysts raised expectations for shipments of new Blackberry 10 devices (Z10 and Q10 ) from 2.7m units to 3.5m units after channel checks revealed better than expected sales numbers. Hi-P’s share price has pulled back by 11% since peaking in May ’13, in line with the market’s decline. The recent pull-back could be another opportunity to buy the stock as the better than expected recovery of Blackberry and Apple coupled with new contributions from Nike and Amazon could see a strong rebound in the co’s profit this year.