- Barrons.com•19 days ago
Shares in FIH Mobile (2038.HK), a unit of Taiwan electronics maker Hon Hai Precision (2317.TW), tanked 13% in Wednesday trading. The Hong Kong-listed company, which makes mobile phones for Chinese brands Xiaomi and Oppo, had earlier said it expected to record an interim net loss of USD110 million following the acquisition of Nokia’s old handset business. FIH bought the Nokia assets alongside Finland’s HMD Global for USD350 million from Nokia parent Microsoft (MSFT) last year.
- Barrons.com•2 months ago
Smartphone assembly provider FIH Mobile (2038.Hong Kong) soared 10.6% on Friday after issuing a positive profit alert. FIH Mobile revised its 2016 profit outlook and now expects net profit between $135 and $145 million, from the previous forecast of $110 million. FIH Mobile said the profit slump in 2016 was largely due to "lower demand from some of the Group’s major customers as a result of, among other factors, customer transition, thus resulting in lower sales of the Group’s products".
- Reuters•7 months ago
Mobile phone maker FIH Mobile Ltd warned on Monday its consolidated net profit would more than halve this year as weaker sales dent business at the Hong Kong-listed unit of Hon Hai Precision Industry Co . The pressures have also been felt at FIH's Taiwan-based parent Hon Hai, which is the world's biggest electronics manufacturer and goes by the trade name Foxconn. A major assembler for Apple Inc's iPhones, Foxconn's net profit has fallen year-on-year every quarter since the last three months of 2015.
2038.HK : Summary for FIH - Yahoo Finance
HKSE - HKSE Delayed Price. Currency in HKD
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|Day's Range||2.67 - 2.73|
|52 Week Range||2.39 - 3.55|
|PE Ratio (TTM)||19.67|
|Dividend & Yield||0.01 (2.52%)|
|1y Target Est||N/A|