HNHAF - Hon Hai Precision: All Eyes On Electric Vehicle Growth Plans

• Hon Hai Precision has entered into multiple collaborations and investments to grow its presence in the electric vehicle market and diversify away from its consumer electronics manufacturing business.
• The company has developed a new open platform for electric vehicles which is potentially a game changer in the market, and this is a further boost to its EV ambitions.
• Hon Hai Precision trades at 12.5 times consensus forward FY 2021 P/E, and it boasts a consensus forward FY 2021 dividend yield of 3.8%.

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