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    4938   TW0004938006

PEGATRON CORPORATION

(4938)
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Pegatron plans to invest $1 bln in Vietnam plant - state media

09/22/2020 | 03:14am EDT

HANOI, Sept 22 (Reuters) - 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 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.

($1 = 23,177 dong) (Reporting by Phuong Nguyen Additional reporting by Khanh Vu and Jeanny Kao in Taipei Editing by Ed Davies)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.98% 127.35 Delayed Quote.-4.02%
ASE TECHNOLOGY HOLDING CO., LTD. 1.72% 118.5 End-of-day quote.45.76%
HON HAI PRECISION INDUSTRY CO., LTD. 2.71% 113.5 End-of-day quote.23.37%
LENOVO GROUP LIMITED -1.30% 9.13 End-of-day quote.24.73%
MICROSOFT CORPORATION 0.25% 257.89 Delayed Quote.15.95%
MSCI TAIWAN (STRD) 0.59% 710.15 Real-time Quote.17.49%
PEGATRON CORPORATION -0.96% 72.3 End-of-day quote.7.43%
SONY GROUP CORPORATION 0.60% 10860 End-of-day quote.5.59%
WISTRON CORPORATION -0.33% 30.15 End-of-day quote.-2.74%
All news about PEGATRON CORPORATION
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03/04Ascendas India Trust Signs Forward Purchase Agreement for Industrial Facility..
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02/24India approves $1 billion plan to boost IT product exports
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02/18Apple lobbies for India incentives as it plans iPad assembly - sources
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02/17India approves $1.68 billion plan to boost local telecoms gear production
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02/16Amazon to make TV streaming device in India
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Financials
Sales 2021 1 260 B 45 601 M 45 601 M
Net income 2021 19 396 M 702 M 702 M
Net cash 2021 38 451 M 1 391 M 1 391 M
P/E ratio 2021 9,86x
Yield 2021 6,24%
Capitalization 193 B 6 950 M 6 965 M
EV / Sales 2021 0,12x
EV / Sales 2022 0,12x
Nbr of Employees 7 621
Free-Float 73,6%
Chart PEGATRON CORPORATION
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Pegatron Corporation Technical Analysis Chart | MarketScreener
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Technical analysis trends PEGATRON CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 73,09 TWD
Last Close Price 72,30 TWD
Spread / Highest target 30,0%
Spread / Average Target 1,10%
Spread / Lowest Target -17,0%
EPS Revisions
Managers and Directors
NameTitle
Tzu Hsien Tung Chairman & Group CEO
Syh-Jang Liao President, Chief Executive Officer, GM & Director
Hsiang Hsiang Wu Head-Finance & Spokesman
Pei-Chin Wang Senior Vice President-Research & Development
Chung Yu Huang Chief Technology Officer & Senior Vice President
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