HNHAF News and Press, Foxconn Technology Group From 11/11/22

Hon Hai Precision Industry press release ( OTCPK:HNHAF ): Q3 GAAP EPS of NT2.80. Revenue of NT1.75T (+24% Y/Y). Net profit attributable to the parent company at NT$38.8 billion in the third quarter was a record high for the same period, in line with the company's goal of m...

Hon Hai Precision ( OTCPK:HNHAF ) reports October revenue of NT$776.58B, down 5.56% M/M but up 40.97% Y/Y. Cloud and Networking Products, Computing Products demonstrated significant M/M growth, while Smart Consumer Electronics Products as well as Components and Other Products ...

Hon Hai Precision ( OTCPK:HNHAF ) reports August revenue of NT$448.9B, down 5.51% M/M but up 12.21% Y/Y. Cloud and Networking Products, Computing Products, as well as Components and Other Products delivered double-digit growth while Smart Consumer Electronics Products showed s...

Summary Hon Hai delivered resilient Q2 numbers, as its supply chain resilience shines through. Forward guidance has been raised as well, signaling management's confidence in the outlook. With the stock trading at a very reasonable valuation relative to its growth potential, Ho...

Hon Hai Precision ( OTCPK:HNHAF ) reports June revenue of NT$526.2B, up 5.7% M/M and 31% Y/Y. Cloud and Networking Products, Computing Products, as well as Components and Other Products delivered double-digit growth. Smart Consumer Electronics Products declined MoM due to...

Apple's critical iPhone and Mac assemblers reported underwhelming revenue in April. The headwinds from China's COVID lockdowns and weaker consumer demand have been significant. Therefore, we think the market is pricing in the top end of Apple's estimated revenue impact of $4B to $8B i...

Lordstown Motors (NASDAQ:RIDE) stock soared 17% postmarket on Wednesday after the EV maker finally closed the sale of its Lordstown facility to Hon Hai Technology (Foxconn). RIDE received total proceeds of $230M, plus reimbursement of ~$27M in operating and expansion costs. Concurrently with ...

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Bloomberg reported that Apple is considering a hardware subscription strategy for its devices. We discuss why it could help Apple penetrate more effectively into Android's traditional strongholds and take share. We also discuss why AAPL stock is a Buy. For further details se...

Alibaba announced a new massive $25B stock buyback program. It replaced its previous $15B authorization. After last week's massive capitulation in Chinese tech stocks, China has also been following up with policy adjustments. We discuss why we revised our rating on BABA stock to S...