Hi-P

Hi-P: DMG reiterates Buy with TP $0.87. Says that the gloomy days impacted by Motorola and Blackberry are over, and share price is very attractive at current levels, given the company's prospective turnaround. Hi-P now has a bright outlook ahead, backed by its robust pipeline of projects, supported by the ramping up of Xiaomi (world's 3rd largest mobile phone maker) , and the upcoming worldwide launch of the dual-screen YotaPhone 2. YotaPhone is headquartered in Russia, and at the recent APEC meeting in Beijing, Russian President Vladimir Putin gave his Chinese counterpart Xi Jinping a YotaPhone 2, hinting at a potential future cooperation on this device, which is slated for offical launch in Russia and Europe in Dec.