2038.HK - FIH Mobile Limited

HKSE - HKSE Delayed Price. Currency in HKD
0.970
+0.010 (+1.04%)
As of 9:49AM HKT. Market open.
Stock chart is not supported by your current browser
Previous Close0.960
Open0.970
Bid0.960 x 0
Ask0.970 x 0
Day's Range0.950 - 0.980
52 Week Range0.650 - 2.230
Volume3,451,000
Avg. Volume31,527,613
Market Cap7.968B
Beta (3Y Monthly)1.33
PE Ratio (TTM)N/A
EPS (TTM)-0.828
Earnings DateAug 8, 2019 - Aug 12, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2017-05-29
1y Target Est0.29
  • Foxconn Billionaire Terry Gou Drops Taiwan Presidential Bid
    Bloomberg

    Foxconn Billionaire Terry Gou Drops Taiwan Presidential Bid

    (Bloomberg) -- Terry Gou, the billionaire founder of Foxconn Technology Group, pulled out of next year’s presidential election in Taiwan, a move that may help unite the opposition Kuomintang party.Gou apologized to his supporters in a statement on Facebook Tuesday outlining his decision to withdraw from the race as an independent. After he quit the KMT last week, he had come under pressure from opposition leaders, including former President Ma Ying-jeou, to drop out of the race and support their nominee to help return the China-friendly party to power.“With this poor election climate and prevailing populism, I’m not willing to participate in this political farce, not only for my own personal and factional interests, but also because class struggle is tearing Taiwan apart,” Gou said in a video released Tuesday.Gou could still run as a candidate for one of Taiwan’s established political parties.Shares in companies controlled by Gou slumped Tuesday. FIH Mobile Ltd. was the worst performer on Hong Kong’s Hang Seng Composite Index, tumbling as much as 23.2%. His flagship Hon Hai Precision Industry Co. fell 2% in Taipei.Gou had been widely expected to run for the presidency after publicly flirting with the idea since losing the KMT primary to Kaohsiung Mayor Han Kuo-yu in July. Gou’s candidacy threatened to sap support for Han who will challenge President Tsai Ing-wen in the Jan. 11 election.Gou trailed the two candidates from the main parties by at least seven percentage points, according to a survey released by TVBS last week. In a two-way race, Tsai leads with 49% of support, compared with 42% for Han.What had been shaping up as Taiwan’s most competitive presidential election in decades could end up being essentially a straight fight between Tsai and Han. Another prospective independent candidate, Taipei City Mayor Ko Wen-je, said he had no intention of running for president, according to a report by TV news channel TVBS on Tuesday. Still, Tsai could face increased competition for voters who favor a stronger push for the island’s formal independence. Former Vice President Annette Lu announced her intention to run as an independent. Lu served as vice president under Chen Shui-bian between 2000 and 2008.(An earlier version of this story was corrected to fix spelling of Hon Hai Precision Industry Co. in fifth paragraph)\--With assistance from Tony Jordan.To contact the reporter on this story: Debby Wu in Taipei at dwu278@bloomberg.netTo contact the editors responsible for this story: Daniel Ten Kate at dtenkate@bloomberg.net, Samson Ellis, Karen LeighFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Foxconn Billionaire Clears Path for Taiwan Presidential Run
    Bloomberg

    Foxconn Billionaire Clears Path for Taiwan Presidential Run

    (Bloomberg) -- Terry Gou, the billionaire founder of iPhone assembler Foxconn Technology Group, threatened to throw Taiwan’s presidential race into turmoil as he took a key step toward running as an independent.Gou withdrew Thursday from the opposition Kuomintang, a necessary precursor to mounting a third-party challenge against President Tsai Ing-wen. The move came despite a last-minute plea from senior KMT leaders including Tsai’s predecessor, Ma Ying-jeou, for Gou to back their nominee and help return the China-friendly party to power. Gou has until Tuesday to apply to run in the Jan. 11 election.“I know I’m doing the right thing, something major that will turn around Taiwan’s destiny,” Gou said in a statement. Gou’s candidacy would shake-up Taiwan’s political landscape, undercut KMT challenger Han Kuo-yu’s effort to unseat Tsai and potentially weaken both dominant parties. A three-way race could be a hard-fought affair, with Tsai leading with 33.7% of support, compared with 28.9% for Han and 25.6% for Gou, according to a survey released Tuesday by the Apple Daily newspaper.Since both Gou and Han support closer ties with China -- always Taiwan’s most contentious wedge issue -- the Foxconn founder could complicate the KMT’s bid to oust Tsai and her pro-independence Democratic Progressive Party. Tsai has been dogged by an increasingly assertive Beijing, which has been angered by her refusal to accept the Communist Party’s bottom line that both sides belong to “one China.”“The KMT will be substantially impacted by Gou’s declaration to run,” said Stephen Tan, president of the Taipei-based Cross-Strait Policy Association. “Although Gou will run as an independent, his constituents have been mainly the ‘blue’ voters and the moderates whom KMT is working hard to seek for support.”Taiwan’s Tsai Rises From Ashes With a Hand From Hong KongGou has continued to publicly flirt with the idea of a presidential bid despite losing the KMT primary to Han in July. The firebrand Kaohsiung mayor has become one the island’s best-known -- and most divisive -- political leaders since his surprise win in the DPP’s southern stronghold in November.Han said he regretted Gou’s move to withdraw from the KMT. Ma, the former president, and KMT Chairman Wu Den-yih were among several senior opposition figures who published advertisements in newspapers earlier Thursday urging Gou to support their nominee.Gou built Foxconn from a maker of television knobs into a global powerhouse that is now Apple’s biggest supplier and China’s largest private employer. He also has ties to President Donald Trump, meeting the U.S. leader at the White House in May, weeks before stepping down as chairman of Hon Hai Precision Industry Co., Foxconn’s main listed arm.Shares in companies Gou controls rose after he quit the party Thursday, with FIH Mobile Ltd. surging more than 15% in Hong Kong and the group flagship Hon Hai rising 2% in Taipei.Hong Kong Immigration to Taiwan Surges as Protests Grind OnGou has been sending signals that he might mount an independent run for weeks, although he’ll still need to collect around 280,000 signatures to get on the ballot. After assembling a campaign team, he confirmed last month that he was considering breaking from the KMT for a stand-alone bid.“This conservative, hidebound party leadership is putting their own interests ahead of their party’s and the party’s interests ahead of the nation’s,” Gou’s spokesman, Evelyn Tsai, told reporters Thursday. “Mr. Gou won’t miss this party.”(Updates with Gou quote in third paragraph.)\--With assistance from Adela Lin.To contact the reporter on this story: Samson Ellis in Taipei at sellis29@bloomberg.netTo contact the editors responsible for this story: Brendan Scott at bscott66@bloomberg.net, ;John Liu at jliu42@bloomberg.net, Karen LeighFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is Now An Opportune Moment To Examine FIH Mobile Limited (HKG:2038)?
    Simply Wall St.

    Is Now An Opportune Moment To Examine FIH Mobile Limited (HKG:2038)?

    FIH Mobile Limited (HKG:2038), which is in the electronic business, and is based in China, saw a decent share price...

  • Bloomberg

    Hon Hai Profit Tops Estimates on Resilient Huawei Orders

    (Bloomberg) -- Hon Hai Precision Industry Co., the biggest assembler of iPhones, reported better-than-projected earnings after snagging additional business from Chinese smartphone giant Huawei Technologies Co.The company reported a 2.5% decline in net income to NT$17.1 billion, compared with the average analyst estimate of NT$16.3 billion. Revenue for the April-June period reached NT$1.16 trillion, according to Bloomberg calculations from previous monthly sales data provided by the company, a record for the second quarter.Hon Hai, the biggest piece of billionaire Terry Gou’s Foxconn Technology Group, has struggled to find new sources of growth after smartphone demand began to tail off in 2018. But in the June quarter, its Hong Kong-listed subsidiary FIH Mobile Ltd. cut costs and likely won orders from rival Flex Ltd., which shunned business from Huawei in response to U.S. sanctions. While investors expect U.S. President Donald Trump’s sanctions to eventually wallop Huawei’s business, the impact of those curbs should be fully felt only in the second half of the year.Flex’s orders from Huawei had gone to FIH, and that would benefit the company’s sales momentum in the second half, analyst Arthur Liao at Fubon Securities wrote in a July 23 note.To contact the reporter on this story: Debby Wu in Taipei at dwu278@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Have Insiders Been Buying FIH Mobile Limited (HKG:2038) Shares?
    Simply Wall St.

    Have Insiders Been Buying FIH Mobile Limited (HKG:2038) Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

  • How Should Investors Feel About FIH Mobile Limited's (HKG:2038) CEO Pay?
    Simply Wall St.

    How Should Investors Feel About FIH Mobile Limited's (HKG:2038) CEO Pay?

    Yu Chih became the CEO of FIH Mobile Limited (HKG:2038) in 2012. This analysis aims first to contrast CEO compensation...

  • Reuters

    BRIEF-FIH Mobile Ltd Posts Qtrly Loss From Cont Ops Of $68.8 Mln

    May 10 (Reuters) - FIH Mobile Ltd: * QTRLY LOSS FOR PERIOD FROM CONTINUING OPERATIONS $68.8 MILLION VERSUS LOSS OF $125.9 MILLION * QTRLY REVENUE AND OTHER OPERATING REVENUE $3.13 BILLION VERSUS $3.28 ...

  • Reuters

    BRIEF-FIH Mobile Sees Q1 Consol Net Loss Of Around $69 Mln

    May 3 (Reuters) - FIH Mobile Ltd: * EXPECTS GROUP TO RECORD A CONSOLIDATED NET LOSS OF AROUND US$69 MILLION FOR Q1 2019 * EXPECTS GROUP TO RECORD A CONSOLIDATED NET LOSS FOR 1H 2019 * ESTIMATES THAT GROUP'S ...

  • Reuters

    Foxconn's Gou's close China links could weigh on Taiwan election chances

    While Foxconn chairman Terry Gou enters Taiwan's rancorous political arena free of any political baggage, he could yet find himself weighed down by connections to Beijing forged during his pragmatic commercial rise. Gou, 68, announced on Wednesday that he would contest Taiwan's 2020 presidential election, seeking to represent the opposition Kuomintang (KMT) party - a vote that comes after a period of increasing tension between Beijing and the self-ruled island. The network of Gou, Taiwan's richest person, also includes extensive U.S. connections, including a friendship with President Donald Trump.

  • Foxconn's Gou throws hat in ring for Taiwan presidency, with blessing of sea goddess
    Reuters

    Foxconn's Gou throws hat in ring for Taiwan presidency, with blessing of sea goddess

    Terry Gou, chairman of Apple supplier Foxconn, said on Wednesday he will contest Taiwan's 2020 presidential election, shaking up the political landscape at a time of heightened tension between the self-ruled island and Beijing. Gou, Taiwan's richest person with a net worth of $7.6 billion (£5.8 billion) according to Forbes, said he would join the already competitive race, and take part in the opposition, China-friendly Kuomintang (KMT) primaries. Gou had on Tuesday announced he was considering a presidential bid and hinted he was close to a decision, and on Wednesday told more than 100 people packed into a temple he would follow the instruction of a sea goddess who had told him to run for president.

  • If You Had Bought FIH Mobile (HKG:2038) Stock Five Years Ago, You'd Be Sitting On A 80% Loss, Today
    Simply Wall St.

    If You Had Bought FIH Mobile (HKG:2038) Stock Five Years Ago, You'd Be Sitting On A 80% Loss, Today

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! We're definitely into long term investing, but some companies are simply bad investments over any time frame. It hits us...

  • Reuters

    BRIEF-FIH Mobile Unit Extra High's Stake In Ways Technical Reduced To 2.8 Pct Through Share Sale

    March 28 (Reuters) - FIH Mobile Ltd: * DURING 7 DEC 2018 TO 28 MARCH, UNIT EXTRA HIGH SOLD A TOTAL OF 9.2 MILLION ORDINARY SHARES IN WAYS TECHNICAL * SHARE SALE RESULTED IN A REDUCTION OF EXTRA HIGH'S ...

  • Reuters

    Foxconn rejects Microsoft patent lawsuit, says never had to pay royalties

    Taiwan's Foxconn on Tuesday responded to a patent infringement lawsuit filed against it by Microsoft Corp, saying as a contract manufacturer, it has never needed to pay royalties for the U.S. company's software. Microsoft filed the complaint against Foxconn subsidiary FIH Mobile Ltd in the Northern District of California on Friday. Foxconn founder and Chief Executive Terry Gou told an impromptu news conference in Taipei that "patent infringement" is not an issue for his company, which "will suffer almost no any loss" as a result of the lawsuit.

  • Reuters

    BRIEF-FIH Mobile Posts FY Loss Attributable Of $857.1 Million

    March 6 (Reuters) - FIH Mobile Ltd: * FY REVENUE $14.93 BILLION VERSUS $12.08 BILLION * FY LOSS ATTRIBUTABLE $857.1 MILLION VERSUS LOSS OF $525.5 MILLION * EXPECTS THAT GROUP'S OPERATING LOSS IN FIRST ...

  • Reuters

    BRIEF-FIH Mobile Sees Consol Net Loss For FY 2018

    Feb 22 (Reuters) - FIH Mobile Ltd: * ESTIMATES THAT GROUP'S TURNOVER FOR FY 2018 WILL EXCEED US$14.8 BILLION * COMPANY EXPECTS GROUP TO RECORD A CONSOLIDATED NET LOSS FOR FY 2018 OF AROUND, OR BELOW, US$870 ...

  • Is FIH Mobile Limited’s (HKG:2038) Balance Sheet Strong Enough To Weather A Storm?
    Simply Wall St.

    Is FIH Mobile Limited’s (HKG:2038) Balance Sheet Strong Enough To Weather A Storm?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! While small-cap stocks, such as FIH Mobile Read More...

  • Simply Wall St.

    Does The FIH Mobile Limited (HKG:2038) Share Price Fall With The Market?

    If you own shares in FIH Mobile Limited (HKG:2038) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. In finance, Beta is a measure Read More...

  • Reuters

    BRIEF-FIH Mobile Posts Qtrly Loss For Period From Cont Ops $226.7 Million

    Nov 13 (Reuters) - FIH Mobile Ltd: * QTRLY REVENUE AND OTHER OPERATING REVENUE $3.59 BILLION VERSUS $3.74 BILLION * QTRLY LOSS FOR PERIOD FROM CONTINUING OPERATIONS $226.7 MILLION VERSUS LOSS OF $119.4 ...

  • Reuters

    BRIEF-FIH Mobile Sees 9-Mth Turnover Around $10.36 Bln

    Nov 2 (Reuters) - FIH Mobile Ltd: * COMPANY CURRENTLY ESTIMATES THAT GROUP'S TURNOVER FOR NINE MONTHS ENDED 30 IS LIKELY TO BE AROUND US$10.36 BILLION * EXPECTS GROUP TO RECORD A CONSOLIDATED NET LOSS ...

  • Reuters

    BRIEF-FIH Mobile Says Unit Made Capital Injection In Rising Stars Mobile India Private Ltd

    Oct 12 (Reuters) - FIH Mobile Ltd: * UNIT WONDERFUL STARS MADE CAPITAL INJECTION IN RISING STARS MOBILE INDIA PRIVATE LTD IN AGGREGATE AMOUNT OF US$50 MILLION Source text for Eikon: Further company coverage:...

  • Reuters

    Foxconn's Sept revenue jumps, buoys hopes for solid sales at Apple

    Taiwan's Foxconn, a key Apple Inc supplier, reported a 30 percent jump in September revenue on Thursday, boosting expectations for solid product sales for the American tech giant even as U.S.-China trade war escalates. Apple's products, largely manufactured in China, have so far been spared from U.S. import tariffs, but it could be put in the crosshairs of the escalating trade dispute as Washington has threatened to expand the tariffs to almost all goods from China including iPhones. Foxconn, formally known as Hon Hai Precision Industry Co Ltd , said in a stock exchange filing that revenue rose 30 percent to T$584.93 billion ($18.8 billion) in September, extending a streak of double-digit growth since May.