Hon Hai (2317) was impacted by the Zhengzhou epidemic. In November, it was slashed by foreign investors as high as 205,000. The tsunami of foreign investors’ crazy sales was completely unrelenting. The number of sales in a single month exceeded Hon Hai’s. The largest number of super-sells in a month, but Hon Hai has held on to 100 yuan for more than 30 days. Today (1), encouraged by the surge in Taiwan stocks, the high point reached 103 yuan, a new high in the past one month.
Hon Hai’s Zhengzhou factory staged a full-stack escape after late October. Hon Hai urgently released a number of measures to encourage employees to return to work. The situation and difficulties encountered by the factory. But such propaganda has no effect on foreign capital. Foreign capital slashed 205,000 Hon Hai shares in November, which was also the biggest oversell in a single month this year. However, Hon Hai’s stock price still held on to the 100-yuan mark, with the lowest being only 99.5 yuan. pretty solid.
Today, as the U.S. Federal Reserve sang doves, Taiwan stocks rose sharply. Hon Hai took advantage of the trend and rose by 2 yuan in early trading, reaching a high of 103 yuan, which was the highest point in the past month. Under the circumstances, the stockholders finally waited until the “Taiwan stock real estate” started to move, and shook off the haze that the iPhone might be transferred to the order.
Hon Hai’s chairman, Liu Yangwei, pointed out at the legal conference a few days ago that the fourth quarter is expected to grow compared to the third quarter and remain the same as the same period last year. Among them, although consumer smart products are affected by the epidemic situation at the Zhengzhou factory, they are still expected to grow compared to the previous quarter; Overall, growth will continue throughout the year. Liu Yangwei pointed out that the three major variables of inflation, epidemic situation, and international political and economic situation will still exist next year. In addition, the economic outlook for the electronics industry will be revised down. However, because Hon Hai’s products are unique and have many high-end products, they are less affected by the economic climate. The overall ICT Business neutral.
Hon Hai’s gross profit margin is affected by factors such as product mix and Zhengzhou factory’s epidemic prevention in the short term, but it continues to move towards the goal of a mid-term gross profit margin of 7% and a gross profit margin of 10% in 2025. Liu Yangwei revealed that next year will be a very critical year for Hon Hai in the electric vehicle business. There is also a potential customer for electric vehicles from a traditional car factory. In addition, Ceer, which was established with PIF in Saudi Arabia, is expected to see the contribution of vehicle design and software next year. .
A few days ago, the Asia Department’s foreign investment report was titled “Preparing for a Rebound”. Managing 1 million employees is not an easy task for any company. When the Zhengzhou factory resumed work and resumed production on the right track, I believe the worst situation has passed. Optimistic about the rising trend of the stock price, reiterate the BUY rating.
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Zhang Jiahao, Special Correspondent of Yahoo Finance: He started his career in the securities group of the Industrial and Commercial Times, serving as a writing committee member, responsible for the securities authorities, the securities market and the technology industry. Later, because he loved to study factories and industries, he personally devoted himself to business operations. Look at events from the perspective of the media, look at the industry from the perspective of PM, and provide readers with more news perspectives.