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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 : Terry Gou to meet Trump

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12/05/2019 | 09:34am EST

Foxconn founder Terry Gou revealed on Tuesday (Dec. 3) he was visiting the United States to attend a White House Christmas party and may meet U.S. President Donald Trump.

Gou made the announcement in an impromptu press conference at Taipei Songshan Airport before his departure, reported CNA. The Christmas party, to which he was also invited last year, takes place on Dec. 5.

Gou said he would attend wearing a cap featuring Taiwanese and U.S. flags. He would discuss Foxconn's investment in Wisconsin and the impact of the protracted U.S.-China trade war with Trump if he gets the chance, the business tycoon said.

The 10-day trip will include two meetings with high-tech officials from the White House, visits to tech start-ups in San Jose and Los Angeles in California, and a Christmas party for employees at the company's Wisconsin site, said Gou.

The billionaire, who stepped down as the chairman of Foxconn this year, talked up his relationship with Trump during his bid for the presidency, which he dropped in September. Trump took part in a groundbreaking event for a Foxconn factory in June 2018 to show his support for the project to revive American manufacturing, but there are doubts about delivering on the number of jobs promised, reported The Straits Times.

The biggest hurdle for implementation of the investment is labor shortages, CNA quoted Gou as saying. He said finding workers has proven difficult, and factory construction has stalled due to unexpected bad weather.

© Pakistan Press International, source Asianet-Pakistan

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Financials (TWD)
Sales 2019 115 B
EBIT 2019 7 014 M
Net income 2019 8 768 M
Finance 2019 60 672 M
Yield 2019 4,42%
P/E ratio 2019 11,2x
P/E ratio 2020 10,5x
EV / Sales2019 0,30x
EV / Sales2020 0,25x
Capitalization 95 195 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 65,17  TWD
Last Close Price 67,30  TWD
Spread / Highest target 17,4%
Spread / Average Target -3,17%
Spread / Lowest Target -22,7%
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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