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MarketScreener Homepage  >  Equities  >  Taiwan Stock Exchange  >  ASE Technology Holding Co., Ltd.    3711   TW0003711008

ASE TECHNOLOGY HOLDING CO., LTD.

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Democratic-led U.S. House panel opposes any U.S. trade deal with Brazil

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06/03/2020 | 05:28pm EDT
House Ways and Means Committee Chairman Neal discusses request for copies of President Donald Trump's tax returns at Capitol in Washington

The U.S. House Ways and Means Committee said on Wednesday it opposed the Trump administration's plan to expand economic ties with Brazil given its record on human rights and the environment under President Jair Bolsonaro.

Committee Chairman Richard Neal and his fellow Democrats on the panel told U.S. Trade Representative Robert Lighthizer in a letter that Bolsonaro's government had shown a "complete disregard for basic human rights."

"We strongly oppose pursuing any type of trade agreement with the Bolsonaro government in Brazil. Enhancing the U.S.-Brazilian economic relationship at this time would undermine the efforts of Brazilian human, labor, and environmental rights advocates to advance the rule of law and protect and preserve marginalized communities," they wrote.

U.S. and Brazilian trade officials agreed last month to accelerate talks aimed at concluding an agreement on trade rules and transparency this year, including trade facilitation and "good regulatory practices."

But Democrats on the committee said Bolsonaro's government could not credibly be prepared to assume new standards for worker rights and environmental protections established in the U.S.-Mexico-Canada trade agreement, given its own poor record on human rights and other key issues.

Representative Kevin Brady, the ranking Republican on the committee, told reporters he was unaware of the letter.

Instead of pursuing a trade agreement with Brazil, the Democratic lawmakers said Lighthizer should step up enforcement of U.S. laws and raise concerns about Brazil's unfair trade practices with the Brazilian government.

U.S. President Donald Trump has developed a close relationship Bolsonaro, a right-wing former army captain. The White House last week said the United States had supplied Brazil with 2 million doses of hydroxychloroquine for use against the coronavirus, despite medical warnings about risks associated with the anti-malaria drug.

(Reporting by Andrea Shalal and David Lawder; Editing by Richard Chang and Tom Brown)

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Financials
Sales 2020 432 B 14 665 M 14 665 M
Net income 2020 19 925 M 677 M 677 M
Net Debt 2020 149 B 5 058 M 5 058 M
P/E ratio 2020 15,1x
Yield 2020 3,48%
Capitalization 305 B 10 354 M 10 362 M
EV / Sales 2019
EV / Sales 2020 1,05x
Nbr of Employees 96 296
Free-Float 73,0%
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 76,80 TWD
Last Close Price 71,60 TWD
Spread / Highest target 31,3%
Spread / Average Target 7,26%
Spread / Lowest Target -26,0%
EPS Revisions
Managers
NameTitle
Chien Shen Chang Chairman & Chief Executive Officer
Hung Pen Chang Vice Chairman, President & General Manager
Tien Yu Wu Chief Operating Officer, Director & Spokesman
Hung Ssu Tung CFO, Director & Deputy Spokesman
Wen Po Lin Director
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