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MarketScreener Homepage  >  Equities  >  TAIWAN STOCK EXCHANGE  >  Foxconn Technology Co Ltd    2354   TW0002354008

FOXCONN TECHNOLOGY CO LTD

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Foxconn Technology Co., Ltd. : Samsung Studying Mobile Phone Plant Construction in Indonesia -Executive

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09/14/2012 | 05:02am EDT

By Linda Silaen

JAKARTA--PT Samsung Electronics Indonesia, a unit of South Korea's Samsung Group, said Friday it is studying options to construct a mobile phone plant in the Southeast Asian country, as the Indonesian government courts foreign investment as a means to create jobs and boost the economy.

The company already has a plant for electronic products in the country and is "interested in having a mobile phone plant," Lee Kanh Hyung, the head of the Indonesian subsidiary, said after a meeting between several Korean companies with Indonesian Industry Minister M.S. Hidayat.

Mr. Hidayat said his ministry is prepared to provide various incentives to Samsung for setting up the plant, adding that the government needs to convince potential investors that overlapping regulations and red tape won't hurt their investments.

Both Mr. Hidayat and Mr. Hyung didn't provide any time frame.

Indonesia, with its 240 million population and increasing purchasing power, provides room for global manufacturers.

Last month, Mr. Hidayat said Foxconn Technology Group (2354.TW)--assembler of iPhone and iPad--may start producing cellular phone handsets in Indonesia late this year.

Foxconn said in July it is exploring opportunities in Indonesia. "At this time we have not submitted any project proposals to any authorities or to our board," a group spokeswoman said in an emailed response then.

Write to Linda Silaen at linda.silaen@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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Financials (TWD)
Sales 2019 126 B
EBIT 2019 7 918 M
Net income 2019 8 789 M
Finance 2019 60 672 M
Yield 2019 5,03%
P/E ratio 2019 10,1x
P/E ratio 2020 9,80x
EV / Sales2019 0,23x
EV / Sales2020 0,21x
Capitalization 89 537 M
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Mean consensus HOLD
Number of Analysts 6
Average target price 65,17  TWD
Last Close Price 63,30  TWD
Spread / Highest target 24,8%
Spread / Average Target 2,95%
Spread / Lowest Target -17,9%
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NameTitle
Han Ming Li General Manager
Chih Chien Hung Chairman
Tzu Hung Li Head-Finance
Hsueh Kun Li Director
Fang I Cheng Director
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