Yao Hsiao Tung

STI up 0.05% despite November NODX decline - THE EDGE SINGAPORE

STI watch

STI up 0.05% despite November NODX decline

As at the mid-day break, the index was trading at 2,843.01, down 0.2% from Friday’s (Dec 18) close of 2,848.98.
Hi-P chairman Yao and wife Wong offers $2 per share to privatise company - THE EDGE SINGAPORE

Company in the news

Hi-P chairman Yao and wife Wong offers $2 per share to privatise company

The couple, who already hold 83.5% of the company, do not intend to revise the offer.

Broker's Calls

Maybank KE cuts Hi-P to 'sell' after share price run-up

SINGAPORE (April 9): Maybank Kim Eng is downgrading its call on Hi-P International to “sell” from “hold” previously with an unchanged price target of $1.22, which is based on 1.5 times FY19E price-to-book value.

Tech

How a 77-year-old Singapore CEO fixed a US$100 mil blunder

SINGAPORE (Dec 20): In 2015, Yao Hsiao Tung was 75 and looking to slow down. He’d begun seeking his successor as chief executive officer of Hi-P International Ltd., a contract manufacturer for customers including Apple Inc. and Amazon.com Inc. But an an
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