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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 : Former Foxconn chief abandons run for Taiwan presidency

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09/17/2019 | 12:41am EDT

TAIPEI, Taiwan (AP) — Former Foxconn CEO Terry Gou has given up on making an independent bid for Taiwan's presidency, citing an "abominable election atmosphere" and bullying of his supporters.

Gou announced his decision in a statement late Monday, one day before a deadline to register for the race.

The move leaves two main candidates in the January election — incumbent President Tsai Ing-wen of the Democratic Progressive Party and Han Kuo-yu, a populist mayor who defeated Gou in the Nationalist Party primary in July.

Gou stepped down in June as head of Foxconn, a company he founded and built into a leading contract manufacturer of the iPhone and other consumer electronics.

He resigned from the Nationalist Party last week, fueling speculation that he would run as an independent.

His possible entry into the race threatened to divide the Nationalists, who wanted party members to unite behind their candidate. Han, the mayor of the port city of Kaohsiung, is trailing Tsai in the polls.

In a video message posted on Facebook on Tuesday, Gou blamed personal and factional interests for dividing society.

"I am not willing to participate and cannot bear seeing my supporters being bullied," he said.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed., source Associated Press News

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Financials (TWD)
Sales 2019 123 B
EBIT 2019 7 731 M
Net income 2019 8 649 M
Finance 2019 56 794 M
Yield 2019 4,99%
P/E ratio 2019 10,2x
P/E ratio 2020 9,80x
EV / Sales2019 0,26x
EV / Sales2020 0,20x
Capitalization 89 113 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 65,17  TWD
Last Close Price 63,00  TWD
Spread / Highest target 25,4%
Spread / Average Target 3,44%
Spread / Lowest Target -17,5%
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