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MarketScreener Homepage  >  Equities  >  Taiwan Stock Exchange  >  Pegatron Corporation    4938   TW0004938006

PEGATRON CORPORATION

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Pegatron plans to invest $1 billion in Vietnam plant - state media

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09/22/2020 | 03:20am EDT

Taiwan's Pegatron is seeking to invest $1 billion in three phases in production facilities in areas such as computing, communication and consumer electronics in Vietnam, state-media reported on Tuesday.

Pegatron, which is a manufacturing partner of Apple, Microsoft and Sony, had received licenses to initially invest $19 million in the city of Haiphong, the Hanoitimes and Tuoi Tre newspapers reported, citing a report by the Ministry of Planning and Investment.

Pegatron was also seeking licences for a $481-million second phase and $500 million in 2026-2027, the papers said, adding these were expected to create 22,500 jobs and contribute around 100 billion dong ($4.31 million) to the state budget per year.

Reuters was unable to obtain a copy of the report and calls to the ministry were not answered.

Pegatron did not immediately respond to a request for comment.

Under the plans, Pegatron would join Apple's two other iPhone assemblers, Wistron Corp and Foxconn, in developing more capacity in Vietnam.

Apple has been producing its wireless earbuds AirPods Pro in Vietnam since May.

Su Chih-Yen, acting director of the Investment Commission of Taiwan's Economics Ministry, told Reuters it had not yet approved such an investment, but declined to comment on whether they had received an application.

In a bid to skirt U.S. tariffs on Chinese goods, Taiwanese companies have been particularly active in either moving production back home or elsewhere in Asia.

Another Taiwanese company, Universal Global Technology, which produces smartphone and earbuds parts for Lenovo and Sony, was also looking to set up a plant in Vietnam, Hanoitimes cited the report as saying.

ASE Technology Holding, parent company of Universal Global Technology, did not immediately respond to an emailed request for comment.

(Reporting by Phuong Nguyen; Additional reporting by Khanh Vu and Jeanny Kao in Taipei; Editing by Ed Davies)


Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 1.32% 117.51 Delayed Quote.60.07%
ASE TECHNOLOGY HOLDING CO., LTD. 0.00% 61.9 End-of-day quote.-25.60%
HON HAI PRECISION INDUSTRY CO., LTD. 0.12% 81.4 End-of-day quote.-10.35%
LENOVO GROUP LIMITED 1.00% 5.05 End-of-day quote.-3.44%
MICROSOFT CORPORATION 0.20% 214.65 Delayed Quote.35.84%
PEGATRON CORPORATION 0.00% 63.5 End-of-day quote.-7.16%
SONY CORPORATION 1.69% 7900 End-of-day quote.6.74%
WISTRON CORPORATION 0.52% 28.95 End-of-day quote.2.12%
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Financials
Sales 2020 1 377 B 48 080 M 48 080 M
Net income 2020 18 046 M 630 M 630 M
Net cash 2020 43 027 M 1 502 M 1 502 M
P/E ratio 2020 9,06x
Yield 2020 7,23%
Capitalization 166 B 5 770 M 5 787 M
EV / Sales 2020 0,09x
EV / Sales 2021 0,08x
Nbr of Employees 7 621
Free-Float 73,0%
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Technical analysis trends PEGATRON CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 71,64 TWD
Last Close Price 63,50 TWD
Spread / Highest target 35,4%
Spread / Average Target 12,8%
Spread / Lowest Target -5,51%
EPS Revisions
Managers
NameTitle
Tzu Hsien Tung Chairman & Group CEO
Syh-Jang Liao President, Chief Executive Officer, GM & Director
Te-Tzu Yao Chief Operating Officer & Senior Vice President
Hsiang Hsiang Wu Head-Finance & Spokesman
Pei-Chin Wang Senior Vice President-Research & Development
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