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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 99 782 M
EBIT 2019 6 439 M
Net income 2019 8 289 M
Finance 2019 53 884 M
Yield 2019 5,78%
P/E ratio 2019 8,63x
P/E ratio 2020 8,60x
EV / Sales2019 0,16x
EV / Sales2020 0,11x
Capitalization 69 663 M
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Mean consensus HOLD
Number of Analysts 6
Average target price 60,17  TWD
Last Close Price 49,25  TWD
Spread / Highest target 42,1%
Spread / Average Target 22,2%
Spread / Lowest Target 5,58%
EPS Revisions
Managers
NameTitle
Han Ming Li General Manager & Director
Chih Chien Hung Chairman
Tzu Hung Li Head-Finance
Hsueh Kun Li Director
Fang I Cheng Director
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