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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 vows action against online rumors

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10/03/2019 | 02:25pm EST

Taiwanese tycoon Terry Gou pledged on Monday (Sept. 30) to sue those spinning stories online about his assets being frozen by the Chinese authorities and other false accusations.

The rumor mill is grinding furiously on the internet alleging that Gou has considerable debts in China. Furthermore, it is claimed his assets in the Communist state will soon be expropriated by the government, reported TVBS.

Gou quit the opposition Kuomintang (KMT) and then dropped his presidential bid last month. He is also said to have asked his supporters to vote for incumbent President Tsai Ing-wen of the ruling Democratic Progressive Party (DPP), according to online rumors.

Another claim rebutted by Gou's office is that there are massive layoffs at the Zhengzhou-based Foxconn factory complex. Also, there have been rumors about confiscation of company equipment intended for export to Vietnam for factories.

Gou's office said lawsuits have been lodged against those who maliciously spread unsubstantiated allegations about the business czar, wrote ETtoday. Countering the cut in workforce rumor, it is said the Foxconn factory in Zhengzhou posted employment advertisements through social media last month to address labor shortages, reported Nownews.

© 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 4,69%
P/E ratio 2019 10,9x
P/E ratio 2020 10,5x
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 67,40  TWD
Spread / Highest target 17,2%
Spread / Average Target -3,31%
Spread / Lowest Target -22,8%
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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