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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 : , HTC made Forbes' 'Blockchain 50' list

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04/18/2019 | 08:35am EDT

Forbes announced its first ever 'Blockchain 50,' a list of 50 companies spearheading blockchain technologies worldwide on Tuesday. (April 16) Taiwan'sFoxconn and HTC are on that list.

Forbes' editors chose among a list of companies that use blockchain platforms in business operations, had at least US$ 1 billion of valuation or sales, and those having operations in the United States.

Foxconn, one of the 50 companies, launched a startup, Chained Finance, in Shanghai, China, with a Chinese peer-to-peer (P2P) lender, according to Forbes' feature story Blockchain goes to Work. The startup is alleged to soon be able to connect Foxconn with its suppliers on a blockchain platform using 'its own token and smart contracts' for payments and financing.

Another Taiwanese company that was also on the list is Taoyuan-based HTC. Its new smartphone Exodus 1 and its application are ideal for crypto-owners who are seeking a safer way to store their bitcoins, litecoin, and Ethereum. The phone also offers a browser that is blockchain-friendly, reported Forbes.

© Pakistan Press International, source Asianet-Pakistan

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Financials (TWD)
Sales 2019 129 B
EBIT 2019 8 626 M
Net income 2019 6 872 M
Finance 2019 43 786 M
Yield 2019 4,80%
P/E ratio 2019 9,18
P/E ratio 2020 9,45
EV / Sales 2019 0,33x
EV / Sales 2020 0,27x
Capitalization 85 859 M
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Mean consensus UNDERPERFORM
Number of Analysts 7
Average target price 67,6  TWD
Spread / Average Target 11%
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Managers
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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