Focus Taiwan
Date: 2019/04/20
By: Jeffrey Wu and Frances Huang

Taipei, April 20 (CNA) Foreign brokerages had different views of how the 2020 presidential bid of Hon Hai Precision Industry Co. Chairman Terry Gou will affect the company’s operations.

In a research note, an Asian brokerage said Hon Hai, the world’s largest contract electronics maker, has more than 15 business groups run by their own executives, so Gou’s absence from day-to-day operations to run his campaign will have little effect on the company.

The Asian securities house maintained its “buy” recommendation on Hon Hai shares and left its target price of NT$110 (US$3.57) for the stock unchanged.

On Friday, shares of Hon Hai, an iPhone assembler, fell 2.95 percent to close at NT$88.90, off a high of NT$92.90 on the Taiwan Stock Exchange (TWSE), as investors decided to cash in on the stock’s recent gains.    [FULL  STORY]