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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 : Taiwan's Foxconn founder cancels meeting with KMT leader after Facebook backlash

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10/03/2019 | 02:26pm EST

Foxconn Technology founder Terry Gou canceled plans for a meeting with Kuomintang (KMT) Chairman Wu Den-yih after 500 fans deserted a Facebook group in protest, reports said Thursday (October 3).

Gou lost the KMT presidential primaries before going on to consider an independent presidential bid. Last month, the tycoon surprised the public by deciding against a candidacy, which might have damaged the chances of official KMT candidate, Kaohsiung City Mayor Han Kuo-yu.

Even though Gou insisted on ending his KMT membership, the opposition party still hoped for a reconciliation in order to avoid a public split.

Yet, reports of an imminent meeting between Gou and Wu triggered a backlash on Facebook, where about 500 people withdrew from one group of supporters, the Central News Agency reported.

If there was no special subject for the meeting, then it did not need to take place, Gou spokeswoman Evelyn Tsai said, adding that the tycoon 'felt bad' when he heard about his fans' anger.

As to Han, Tsai said Gou did not have any special feelings against him, though he reportedly criticized the way certain media kept publishing negative stories about him in order to support the KMT candidate. Gou also reportedly expressed doubts about Han not having clearly explained his attitude toward China, CNA reported.

As long as those two issues had not been resolved, it would be difficult to regard the planning of a meeting between Gou and Han as a priority, Tsai said.

The founder of Foxconn Technology did not want to play a role in any effort to unite the 'blue' camp for the January 2020 presidential and legislative elections as he had already left the KMT, his spokeswoman added.

Gou has recently been seen taking promotional pictures with legislative candidates for Taipei City Mayor Ko Wen-je's Taiwan People's Party, though Tsai told reporters he would not favor candidates who supported Taiwan Independence.

© Pakistan Press International, source Asianet-Pakistan

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Financials (TWD)
Sales 2019 123 B
EBIT 2019 7 731 M
Net income 2019 8 649 M
Finance 2019 60 672 M
Yield 2019 4,70%
P/E ratio 2019 10,9x
P/E ratio 2020 10,4x
EV / Sales2019 0,28x
EV / Sales2020 0,25x
Capitalization 95 336 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 65,17  TWD
Last Close Price 67,20  TWD
Spread / Highest target 17,6%
Spread / Average Target -3,03%
Spread / Lowest Target -22,6%
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
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