Foxconn International 2038

Re: Foxconn International 2038

Postby winston » Wed Apr 05, 2017 1:10 pm

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FIH Plunges 13% for Possible Interim Loss

FIH (02038.HK) issued a profit warning and expected to report a loss in interim results.

The stock snapped two-day gains and breached below three moving averages this morning, testing the support at 100MA ($2.71).

It bottomed at $2.7 and last stood at $2.71, plunging 13%, on surging volume to 31.68 million shares.

The volume was the highest for nearly two months.

Source: AAStocks Financial News
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Re: Foxconn International 2038

Postby winston » Wed Apr 05, 2017 1:12 pm

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Apr 03, 2017

<Profit Warning>FIH (02038.HK) Expects Interim Loss to be Less Than US$110M

FIH (02038.HK) issued a profit warning, expecting the interim results of the group for the six months ending 30 June 2017 to record a consolidated net loss.

Consolidated net loss for the six months ending 30 June 2017 will be less than US$110,000,000.

Source: AAStocks Financial News
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Re: Foxconn International 2038

Postby winston » Wed Apr 05, 2017 1:13 pm

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March 10, 2017

<Result Ann>FIH (02038.HK) Annual Net Profit US$138M; Final & Special Div US1.778 Cents

FIH (02038.HK) announced the results for the year ended 2016.

Net profit retreated 39.6% to US$138 million, with EPS of US1.77 cents.

Final dividend was US0.526 cents, together with special dividend of US1.252 cents.

Source: AAStocks Financial News
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Re: Foxconn International 2038

Postby winston » Wed Apr 05, 2017 1:15 pm

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Feb 10, 2017

<Research Report>C Suisse Upgrades FIH (02038.HK) to Outperform with Target Lifted to $3.3

Credit Suisse, in its report, said FIH (02038.HK) revised its FY16 net profit guidance to US$135 million to US$145 million, which was above CS/street estimates at US$88 million/US$104 million, due to better revenue and gross profit margin performance in 2H16.

The broker expected FIH to show improving earnings, better visibility on Nokia strategy and sales and more signs of dividend policy to be potential positive catalysts.

The broker raised 2016-18 EPS forecast by 59%/91%/92%, with target price lifted from $2.8 to $3.3 and rating upgraded from Neutral to Outperform.

Source: AAStocks Financial News
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Re: Foxconn International 2038

Postby winston » Wed Apr 05, 2017 1:18 pm

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Feb 9. 2017

<Profit Warning>FIH Expects 2016 Consolidated Net Profit to Fall 37%-41% YoY

After the profit warning issued in October 2016, FIH (02038.HK) issued another profit warning, predicting a consolidated net profit for the year ended 31 December 2016 to range from around US$135 million to US$145 million, down 37% to 41% yearly.

The substantial decrease was due to lower demand from some of the group?s major customers as a result of, among other factors, customer transition, thus resulting in lower sales of the group?s products (sales for 2016 are estimated to be around US$6.2 billion, compared with US$7.45 billion for 2015), and the decline in the group's gross profit as a result of the decrease in sales; and lower service fees and molding sales from these customers; a material loss arising from the write-off of the group's property, plant and equipment, which is expected to range from US$21 million to US$23 million; an increase in the group's income tax expense to around US$75 million (a yearly increase of 22%); and an increase in the group's total operating expenses to around US$331 million (a yearly increase of 3%),

These factors will partially be offset by a material foreign exchange gain of US$36.569 million for the group for the period July to December 2016.
~



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Re: Foxconn International 2038

Postby winston » Wed Apr 05, 2017 3:41 pm

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FIH Mobile Shares Tank on Nokia Losses

By Daniel Shane

Shares in FIH Mobile (2038.HK), a unit of Taiwan electronics maker Hon Hai Precision (2317.TW), tanked 13% in Wednesday trading.

The Hong Kong-listed company, which makes mobile phones for Chinese brands Xiaomi and Oppo, had earlier said it expected to record an interim net loss of USD110 million following the acquisition of Nokia’s old handset business. That will be a 630% reverse from an interim net profit of over USD20 million a year ago.

FIH bought the Nokia assets alongside Finland’s HMD Global for USD350 million from Nokia parent Microsoft (MSFT) last year.

That deal was announced with much fanfare, marking the return of the Nokia brand to the feature phone market. The term feature phone normally refers to pre-smartphone type handsets which cost less and are popular in developing markets like India.

In a statement to the Hong Kong bourse, FIH said the anticipated loss was down to the “result of costs relating to a new business group within the company.”

Still, FIH acting chairman Chih Yu Yang said he expected interim revenue to rise by 99% year-on-year to about USD4.6 billion.

Analysts at Daiwa recently upgraded their target price on this stock to HKD3.20, pointing to bigger revenue contributions from Nokia and FIH’s business in India. Shares in the company had returned a handsome 25% year-to-date prior to this morning’s slump.

Shares in Hon Hai, a major supplier of components to Apple (AAPL), shrugged off the bad news from FIH. They soared 7% this morning in Taiwan trading.

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... ia-losses/
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Re: Foxconn International 2038

Postby behappyalways » Wed Jun 13, 2018 10:05 am

2018.06.02【文茜世界周報】貴州隧道數據中心 富士康第四代生產基地核心
https://www.youtube.com/watch?v=QMh0kEC ... U&index=28
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Re: Foxconn International 2038

Postby winston » Tue Sep 17, 2019 2:09 pm

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Aug 10, 2019

<Result Ann>FIH (02038.HK) Interim Loss Narrows to US$84.08M

FIH (02038.HK) announced results for the six months ended June 2019.

Loss narrowed to US$84.08 million from US$348 million for a year ago's period.

LPS equaled US1 cent.

No interim dividend was declared.

Source: AAStocks Financial News
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Re: Foxconn International 2038

Postby winston » Wed Sep 18, 2019 7:36 am

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President-concept stock bursts in no time

by Ivan Tong

It is traditionally regarded as difficult to invest in a stock market that's largely influenced by the political arena.

However, it is really rare to see any political leader-related stock in the market like FIH Mobile (2038), a subsidiary of Taiwan's Hon Hai Precision Industry, which just experienced a roller coaster ride in prices over the last few days.

The mobile handset maker surged nearly 15 percent after Apple unveiled the iPhone 11 last week. However, the sharp increase in the stock's price had nothing to do with the release of new iPhone but was a result of its founder Terry Gou Tai-ming quitting the opposition Kuomintang party, sparking hopes he would stand in next year's presidential election as an independent.

But sadly, the news proved only a short-term stimulus, with the speculation lasting just a few days.

A day before the September 17 deadline to register for the presidential election, Gou suddenly announced he was pulling out of the race.

While the news may have dismayed Gou's supporters, who were hoping he would run for the presidency, what matters more is that Hong Kong's retail investors might have lost a lot of money after speculating on FIH Mobile shares on the back of the news.

Retail investors will always be at the losing end if they enter the market to buy stocks related to Cross-Strait politics based on some news.

FIH Mobile dived more than 23 percent yesterday morning and ended 20 percent lower, almost erasing all of its gains made over the last few days.

A successful and astute businessman who founded Hon Hai, better known as Foxconn, back in 1974, Gou is worth billions but is a political novice, just as Donald Trump was before becoming the president of the United States.

It is a shame he's not been as lucky in politics as Trump.

Earlier this year, he rejoined the KMT after a gap 19 years in the hope of running against incumbent Tsai Ing-wen of the Democratic Progressive Party.

However, the battle between contenders within the pan-Blue coalition was a bitter one, like dogs fighting over a bone.

The 68-year-old Gou lost to Kaohsiung mayor Han Kuo-yu in the party's presidential primary in July, because of the latter's popularity.

In the first place, it would not have mattered if Tsai, Han and Gou had all competed for presidency on an equal footing, like the three legs in a tripod.

But in this way, the battle between Han and Gou will benefit the incumbent president who is already on the verge of victory having cashed in on popular sentiment over the protests in Hong Kong against the extradition bill.

She has a greater chance of winning if Han and Gou are at odds.

From a political perspective, now that Gou has left the party, he has extremely little room to snatch votes from Tsai and Han if he goes it alone. It's better for him to retreat in the face of a rushing torrent instead of struggling to survive.

In addition, there might be another reason why Gou decided to head for the door, which he is not willing to speak about.

Gou is first and foremost a businessman, with a lot of interests in the mainland. Earlier, there was news that Foxconn, which is a major Apple supplier, had reported a better-than-projected net profit in the second quarter on the back of orders from China's tech titan Huawei.

And from the perspective of Cross-Strait politics, though Gou and Han are both pro-China, if Beijing had a choice, it would prefer Han to run for the election, as the mayor is much more popular than Gou.

Therefore, we cannot rule out the possibility that Gou choose not to run for presidency after taking external politics and internal business into consideration.

Shares of all Foxconn-related stocks slumped yesterday on the news.

In the Taiwan stock market, Hon Hai Precision Industry dipped about 1.84 percent, in the A-shares market, Foxconn Industrial Internet dropped 4.77 percent, while FIH Mobile in Hong Kong plummeted 20 percent. In addition, FIT Hon Teng (6088) also fell 3.63 percent.

Among them all, FIH Mobile saw the biggest fluctuation.

If you are well versed in Taiwan's politics, you will know that there's not much scope for speculation on FIH Mobile as a president-concept stock.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0918&sid=2
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Re: Foxconn International 2038

Postby behappyalways » Thu Feb 20, 2020 4:13 pm

Foxconn says cautiously resuming China output, warns coronavirus will hit revenue
https://www.reuters.com/article/us-chin ... SKBN20E0KB
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