Hi-P International (H17.SG) +5.2% at 6-week high $0.605, extending yesterday’s 12.7% gain, with stock making up lost ground after underperforming Singapore tech peers in past months, says Dow Jones.

Interest driven by plastic parts maker’s recent improved 2Q10 revenue, profit guidance on back of increased demand from customers, better capacity utilisation and cost controls. Shares down 20.7% year to date vs FTSE ST Technology Index down 4.9% over same period due to spate of earnings disappointments following end of several key projects.

Revised 2Q10 guidance points to better times ahead for Hi-P, which counts Apple, Research In Motion as key customers. 2Q10 results, outlook for rest of FY10 will be closely watched when released early August.

Immediate resistance at $0.635, 50% retracement of fall to year-to-date low of $0.50 from 52-week high of $0.77.