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Highpower International, Inc. Message Board

  • lastdazeprofit lastdazeprofit Nov 20, 2009 2:27 PM Flag

    Rick Pearson on HPJ

    Some comments about HPJ in his current street com article --

    "Another stock I follow, which reported blowout numbers, was Hong Kong Highpower Technology. The company reported quarterly growth in EPS of over 150% with gross margins of 25%. Gross profit was up 49% year-on-year and 70% sequentially. Chairman and CEO George Pan noted: "As we head into the fourth quarter, we believe 2009 will be a much stronger year for us in terms of profitability and overall financial performance. Our net income through the first nine months is already double of where it stood for the comparable time frame in 2008. This strong financial performance is mainly the result of the fading effects of global economic recession on Hong Kong Highpower Technology's business and better raw material cost management.

    These positive results and comments drove the stock up by over 50% from the low $3 range to over $5, and the stock now sits at about $4.50. At this price, assuming zero growth in the business, HPJ is trading on a forward P/E of only 7..."

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