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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 : Huawei selling undersea cable operations, cutting smartphone production with Foxconn after Trump ban in US - report

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06/19/2019 | 12:09am EDT

Huawei is scaling back smartphone production and getting out of the undersea cable business, according to reports.

Huawei is reportedly selling off its undersea cable operations. It is also reportedly cutting back on production orders for new phones from supplier Foxconn.

The announcements come as Huawei is facing increasing scrutiny in Western nations, particularly the United States, but continues to ink major deals in other nations, such as developing Russia's first 5G network with MTS.

(c) 2019 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (TWD)
Sales 2019 122 B
EBIT 2019 8 256 M
Net income 2019 6 872 M
Finance 2019 43 786 M
Yield 2019 4,86%
P/E ratio 2019 9,76
P/E ratio 2020 9,51
EV / Sales 2019 0,35x
EV / Sales 2020 0,28x
Capitalization 86 425 M
Chart FOXCONN TECHNOLOGY CO LTD
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Foxconn Technology Co Ltd Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 7
Average target price 67,6  TWD
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Han Ming Li General Manager
Chih Chien Hung Chairman
Tzu Hung Li Head-Finance
Hsueh Kun Li Director
Fang I Cheng Director
Sector and Competitors
1st jan.Capitalization (M$)
FOXCONN TECHNOLOGY CO LTD2 784
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