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MarketScreener Homepage  >  Equities  >  TAIWAN STOCK EXCHANGE  >  Foxconn Technology Co Ltd    2354   TW0002354008

FOXCONN TECHNOLOGY CO LTD

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Fiat Chrysler Automobiles : FCA Confirms Discussions with Foxconn

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01/20/2020 | 10:53am EST

Fiat Chrysler Automobiles N.V. (MTA: FCA / NYSE: FCAU, 'FCA') confirmed today that it is in discussions with Hon Hai Precision Ind. Co., Ltd. (Foxconn) regarding the potential creation of an equal joint venture to develop and manufacture in China new generation battery electric vehicles and engage in the IoV (Internet of Vehicles) business.

The proposed cooperation, initially focused on the Chinese market, would enable the parties to bring together the capabilities of two established global leaders across the spectrum of automobile design, engineering and manufacturing and mobile software technology to focus on the growing battery electric vehicle market. The parties are in the process of signing a preliminary agreement which will govern further discussions aimed at reaching final binding agreements in the next few months. There is however no assurance that final binding agreements will be reached or will be reached in that timeframe.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (TWD)
Sales 2019 111 B
EBIT 2019 6 906 M
Net income 2019 8 486 M
Finance 2019 54 934 M
Yield 2019 4,35%
P/E ratio 2019 11,1x
P/E ratio 2020 10,4x
EV / Sales2019 0,34x
EV / Sales2020 0,26x
Capitalization 93 215 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 64,67  TWD
Last Close Price 65,90  TWD
Spread / Highest target 15,3%
Spread / Average Target -1,87%
Spread / Lowest Target -21,1%
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
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