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    2317   TW0002317005

HON HAI PRECISION INDUSTRY CO., LTD.

(2317)
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Taiwan approves $101 mln Pegatron investment in Vietnam

06/07/2021 | 05:19am EDT

TAIPEI, June 7 (Reuters) - Taiwan's government on Monday approved a $101 million increase in the investment in Vietnam by Pegatron Corp, a major manufacturing partner of Apple , Microsoft and Sony.

The Taiwan Economy Ministry's investment commission, which must approve overseas investments by Taiwanese companies, said the investment in Pegatron's Vietnam subsidiary would be for the production and sales of computers and peripheral equipment, communication equipment and electronic components.

It gave no further details and Pegatron did not immediately respond to a request for comment.

Vietnamese state media reported on September that Pegatron was looking to invest $1 billion in three phases in production facilities in areas such as computing, communication and consumer electronics in the country.

Pegatron is best known as a key supplier to Apple, along with Taiwan's Foxconn and Wistron Corp.

($1 = 27.7260 Taiwan dollars) (Reporting by Ben Blanchard, editing by Louise Heavens)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.15% 145.86 Delayed Quote.9.93%
FOXCONN TECHNOLOGY CO., LTD. -1.75% 61.6 End-of-day quote.15.36%
HON HAI PRECISION INDUSTRY CO., LTD. -0.90% 110 End-of-day quote.19.57%
MICROSOFT CORPORATION -0.56% 284.91 Delayed Quote.28.10%
MSCI TAIWAN (STRD) -0.74% 690.203 Real-time Quote.15.72%
PEGATRON CORPORATION -0.44% 67.3 End-of-day quote.0.00%
SONY GROUP CORPORATION -1.26% 11375 End-of-day quote.10.60%
WISTRON CORPORATION -0.89% 27.75 End-of-day quote.-10.48%
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Financials
Sales 2021 5 935 B 212 B 212 B
Net income 2021 133 B 4 749 M 4 749 M
Net cash 2021 411 B 14 716 M 14 716 M
P/E ratio 2021 11,3x
Yield 2021 4,39%
Capitalization 1 525 B 54 557 M 54 593 M
EV / Sales 2021 0,19x
EV / Sales 2022 0,17x
Nbr of Employees -
Free-Float 87,4%
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Technical analysis trends HON HAI PRECISION INDUSTRY CO., LTD.
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TrendsNeutralNeutralBullish
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Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 110,00 TWD
Average target price 139,37 TWD
Spread / Average Target 26,7%
EPS Revisions
Managers and Directors
Yang-wei Liu Chairman & Chief Executive Officer
Te Tsai Huang Head-Finance & Deputy Spokesman
Kuo Cheng Wang Independent Director
Kuo Chuan Kung Independent Director
Ta wei Kuo Independent Director