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    3231   TW0003231007

WISTRON CORPORATION

(3231)
  Report
End-of-day quote Taiwan Stock Exchange  -  2023-01-29
31.20 TWD   +3.31%
01/19Wistron's Net Profit Jumps in 2022
MT
01/11Taiwan's TSMC, Wistron Ship $1 Billion Worth of Apple Devices Abroad
MT
01/10Tata Group in Talks for Months with Wistron
CI
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Tata in talks to buy Wistron's India facility for up to $613 mln -report

11/30/2022 | 12:28am EST

BENGALURU, Nov 30 (Reuters) - Tata Group is in talks to buy Wistron Corp's only manufacturing facility in India for up to 50 billion rupees ($612.6 million), the Economic Times business daily reported Wednesday, citing people familiar with the discussions.

If it fails to strike a deal to buy the facility in the southern Indian state of Karnataka, Tata could consider a joint venture with Taiwan's Wistron – one of Apple Inc's top vendors in India – the report said, citing sources close to Tata.

Tata Electronics, a unit of salt-to-software conglomerate Tata Group, already supplies components to Apple from its Hosur unit in Tamil Nadu, which neighbours Karnataka, according to the report.

Tata, Wistron and Apple did not immediately respond to Reuters' e-mailed requests for comment.

Bloomberg had reported in September that Tata was in talks with Wistron to establish a joint venture to assemble iPhones in India.

Currently, iPhones are assembled in India by at least three of Apple's global suppliers – Wistron in Karnataka, as well as Foxconn and Pegatron in Tamil Nadu.

Cupertino, California-headquartered Apple has bet big on India since it began iPhone assembly in the country in 2017 via Wistron and later with Foxconn, in line with the Indian government's push for local manufacturing.

J.P.Morgan analysts estimate Apple may make one out of four iPhones in India by 2025 as the tech giant moves some production away from China, amid mounting geopolitical tensions and strict COVID-19 lockdowns in the country. (Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Savio D'Souza)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -2.01% 143 Delayed Quote.12.31%
HON HAI PRECISION INDUSTRY CO., LTD. 0.00% 98.1 End-of-day quote.-1.80%
MSCI TAIWAN (STRD) 5.76% 579.307 Real-time Quote.8.83%
PEGATRON CORPORATION 1.39% 65.6 End-of-day quote.3.31%
WISTRON CORPORATION 3.31% 31.2 End-of-day quote.6.12%
All news about WISTRON CORPORATION
01/19Wistron's Net Profit Jumps in 2022
MT
01/11Taiwan's TSMC, Wistron Ship $1 Billion Worth of Apple Devices Abroad
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01/10Tata Group in Talks for Months with Wistron
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01/09Apple's Exports of iPhones From India Reportedly Double
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01/04Sector Update: Tech Stocks Edge Slightly Higher This Afternoon
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01/04Mobileye Taps Taiwan's Wistron NeWeb to Make Imaging Radars for Self-Driving Vehicles
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2022Wistron Corporation Appoints Jeff Lin as CEO
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Analyst Recommendations on WISTRON CORPORATION
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Financials
Sales 2022 976 B 32 474 M 32 474 M
Net income 2022 10 447 M 347 M 347 M
Net Debt 2022 80 670 M 2 683 M 2 683 M
P/E ratio 2022 8,41x
Yield 2022 7,65%
Capitalization 88 829 M 2 954 M 2 954 M
EV / Sales 2022 0,17x
EV / Sales 2023 0,14x
Nbr of Employees 8 212
Free-Float 89,9%
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Technical analysis trends WISTRON CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 31,20 TWD
Average target price 31,98 TWD
Spread / Average Target 2,48%
EPS Revisions
Managers and Directors
Po Tuan Huang General Manager & Director
Ching Tang Shih CFO, Head-Accounting, Deputy GM, Spokesman
Hsien Ming Lin Chairman & Chief Strategy Officer
Yu Liang Chen Independent Director
Hsueh Jen Chien Independent Director
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