Foxconn, CBTC Financial start EV industry fund together

  • Foxconn Electronics (OTC:FXCOF) (also known as Hon Hai Precision Industry) is setting up a fund with CBTC Financial Holding focused on investing in Taiwanese companies involved in building electric vehicles.
  • The fund plans to raise NT$5-10B (US$179M-$358M) from institutional investors and potentially the Taiwan government's National Development Fund.
  • Companies in Taiwan will take priority for the investments as the fund aims to invest in domestic and overseas startups in various EV-related businesses, including autonomous driving and the production of EV components.
  • Foxconn chairman Young-way Liu said that the fund will combine Foxconn's manufacturing ability with CBTC's financial expertise.
  • Foxconn recently struck an agreement with Fisker to produce a new electronic vehicle.

    Over the current book year the total revenu from the company based in Taipei will be 112.82 billion SEK (consensus estimates). This is slightly more than 2021's revenue of 104.79 billion SEK.

    Historical revenues and results Foxconn Technology Co plus estimates 2021

    fundamenteel onderzoek

    The analysts expect for 2021 a net profit of 7.28 billion SEK. For this year the consensus of Foxconn Technology Co's result per share is a profit of 5.15 SEK. The PE-ratio therefore is 12.06.

    Huge dividend Foxconn Technology Co

    Per share the analysts expect a dividend of 2.37 SEK per share. Foxconn Technology Co's dividend yield thus equals 3.82 percent. The average dividend yield of the electronics companies is an attractive 2.53 percent.

    Foxconn Technology Co's market value equals around 87.84 billion . 18

    Historical stock prices Foxconn Technology Co

    stock prices foxconntechnologyco

    At 8.30 the stock trades 0.32 percent lower at 62.1 SEK.

    Analist.nl Nieuwsdienst: +31 084-0032-842
    nieuws@analist.nl

    Copyright analist.nl B.V.
    All rights reserved. Any redistribution, duplication or archiving prohibited. Analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.