Hon Hai Precision Industries Company Ltd (PK) (HNHPF) Quote

So is14.00 where the Resistance is......?
As Monica might say about breaking thru $14.00: CLOSE BUT NO CIGAR!

UPDATE 1-Foxconn Q2 revenue beats market forecast on AI server demand
04:27:06 AM ET, 07/05/2024 - Reuters
(Recasts and adds details)
TAIPEI, July 5 (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, posted on Friday better-than-expected quarterly revenue on AI server demand, and forecast continued growth in the current quarter.
The third quarter is traditionally the start of the season for Taiwan's tech companies to race to supply smartphones, tablets and other electronics to major vendors such as Apple for Western markets' year-end holiday period.
Foxconn is also powering ahead due to strong demand for servers for artificial intelligence (AI) applications, and its customers include AI darling Nvidia.
This year's third quarter is expected to see revenue grow both year-on-year and compared with the previous quarter, Foxconn said in a statement.
"Entering the peak season of the second half of the year, we anticipate our operation to gradually gain momentum," it said.
The company does not provide numerical forecast.
Foxconn, formally called Hon Hai Precision Industry Co Ltd, said revenue last month reached T$490.7 billion ($15.12 billion), up 16.1% year-on-year and at the second-highest level for the same period.
For the second quarter, revenue soared 19.1% year-on-year to T$1.55 trillion, beating a T$1.51 trillion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more consistently accurate, and a record high for the same period.
Second-quarter revenue in its cloud and networking products segment showed strong growth year-on-year and quarter-on-quarter benefiting from strong AI server demand, it said.
However for smart consumer electronics products, including smartphones, revenue was flat year-on-year, Foxconn said, without providing an explanation.
Foxconn's shares have surged 105% so far this year, outperforming a 31% jump for the broader Taiwan market.
In line with the overall market, Foxconn's shares closed flat on Friday ahead of the revenue data release.
The company will report its second-quarter earnings on Aug. 14.

Closing in on $14.00....
Somebody KNOW Something......

Wow, from $10.00 in May to $13.00 in the first week in July.....NICE

What a difference the 2nd Quarter Made.....
March 1th 2024 HNHPF was trading just under $6.50
and a DIVI is coming soon
$14.00 by end of the year...... or sooner?

Hon Hai Precision Industry Co. Ltd. has engaged in a series of internal investments, with its subsidiaries acquiring 100% of shares in three different companies—

https://www.tipranks.com/news/company-announcements/hon-hai-precision-bolsters-portfolio-with-subsidiary-acquisitions

FOXCONN trains ROBOTS for NVIDIA
https://blogs.nvidia.com/blog/foxconn-digital-twin-ai/

FOXCONN EXPECTS SIGNIFICANT BOOST IN AI SEVER SALES
https://www.marketwatch.com/story/foxconn-expects-significant-boost-in-ai-server-sales-9a5b2dcf

Foxconn says May revenue climbs 22% y/y, raises outlook
TAIPEI, June 5 (Reuters) - Taiwan's Foxconn (2317.TW), opens new tab, the world's largest contract electronics maker and Apple's (AAPL.O), opens new tab biggest iPhone assembler, reported on Wednesday revenue for May rose 22.1% year-on-year, a record high for the month.
It said in a statement that its original outlook for the second quarter was for both quarter-on-quarter and year-on-year growth
"Due to higher-than-expected demand from AI servers, current visibility for the second quarter is expected to beat expectations," it added in a statement, without elaborating.

Hon Hai Precision Industry (HNHPF) has released an update.

Hon Hai Precision Industry Co. Ltd. has declared a hefty cash dividend of NT$5.4 per share, amounting to a total of NT$74,860,149,289, scheduled for distribution on July 31, 2024. Shareholders must register for electronic notification of dividends by July 3 to receive notifications for this year’s payout. The ex-dividend trading will commence on July 2, with the record date set for July 8, 2024.

https://www.taipeitimes.com/News/biz/archives/2024/06/01/2003818680

Revenue to swell on AI boom: Hon Hai
KEY DRIVER: AI servers would soar by about 40 percent this year and become the company’s next NT$1 trillion segment in 2025, Hon Hai’s chairman said

By Lisa Wang / Staff Reporter

Hon Hai Precision Industry Co (????) yesterday said revenue is to rise and surpass NT$7 trillion (US$215.92 billion) next year, driven by a surge in demand for artificial intelligence (AI)-enabled servers.

11.00+ this morning...... NICE

Even Foxconn says it's looking to move away from China
Apple supplier Foxconn reports that it is working to reduce its reliance on its parent firm's home country of China, and will diversify future production.
Foxconn, which is Apple's major supplier for the iPhone, is based in Taiwan. In announcing its latest Q4 earnings that showed a drop in profits, the firm says it is working to expand away from China.
OLD NEW on Lordstown Motors

China has Taiwan surrounded, literally. Foxconn to lose big in Lordstown Motors/NU Ride Inc. Lawsuit. Be prepared.

If you SOLD you missed OUT on a 2X in PPS.....plus a DIVI
Hope you hung in.....

Closing in on $10.00...................
and PAYS an ANNUAL DIVI..............
NICE

Is the DIVI this JULY again?

I wonder what part will FOXCONN (HNHPF) play in APPLE'S EV car platform....

Heading back to $4 when this sprung up for no reason.

Does anyone have news on their WISCONSIN Plant?

Foxconn promised a $10 billion investment in Wisconsin and the creation of 13,000 jobs
https://www.jsonline.com/story/money/business/2023/11/10/what-happened-to-foxconn-in-wisconsin-a-timeline/71535498007/

Oxford Club, says it all. As shifty as it gets with a lot of scum build up in the drain pipes,

But this was the only retirement plan anyone needed according to the hucksters at the Oxford Club. Did the SEC ever crack down on that?

May be over for Hon Hai Precision Industries Co Ltd

They simply got too greedy and as a result, have multiple Lawsuits pending against them

Hon Hai Precision Industries Co Ltd plans are uncertain with Fraud lawsuit by Lordstown Motors.

Hon Hai Precision Industries Co Ltd "Foxconn" did itself in and got greedy. Now this Hillbilly Horse Shit has ruined any reputation it may have had, being honest with it's business partners and agreements. Now, nobody trusts Hon Hai Precision Industries "Foxconn" as an EV manufacturer.

The Taiwan phone maker destroyed itself with Lordstown Motors and is questionable as a partner as even Fisker is now tanking with plans to manufacture the Pear very unstable.

Lordstown Motors even had World Bank at the table for finance and Foxconn got to greedy and lost the Endurance assets and manufacturing agreements all together.

They still haven't secured the Lordstown Plant by failing to pay LMC for agreement price tag.

Phones and EV's are two different animals. Foxconn poor management decisions may cost them everything.

pay-date 8/4/23....
in my ACCT today......

Is HNHPF getting into the manufacturing of EV cars, PARTS for the EV cars or BOTH?

HNHPF announced a cash dividend of 0.345 with an ex-date of Jul. 3, 2023

bar1080, yes! I would say that they are promoting Hon Hai Precision Industries as they can always hide behind there disclaimer statement. Just checking to see if anything is different this time around concerning Hon Hai Precision Industries’s current increased business and revenue coming in situation compared to the past.

Oxford Club was heavily promoting this stocks for several years as a one stop retirement solution ( a dangerous thing to claim). During that time it's gone almost no where and generally lagged a simple low cost S&P 500 index fund. Is Oxford still pumping this?

Is anyone still following this company, and if so, do you have any thoughts on, is it better, if shares of this company are purchased as HNHAF, purchased directly on the TWSE for US folks, or purchased through The US OTC with ticker symbol HNHPF? Thank you.

free $$ D.R.I.P. approach.

Thanks
$4 TWD = 0.14 USD divi.

August 23rd 2021 dividends will be distributed.

Divi is right around the corner.

I'm surprised they are even BUILDING the NEW PLANT

WSJ: "Foxconn Shrinks Plans for Wisconsin Plant"

"Electronics maker signs new deal with state to invest up to $672 million, instead of up to $10 billion"

"Foxconn is scaling back plans for a liquid-crystal-display plant in Wisconsin, saying it expects to invest a fraction of the $10 billion promised nearly four years ago, according to a new contract with the state.

The electronics maker, formally known as Hon Hai Precision Industry Co. 2317 -1.64% , negotiated a new economic-development deal on Tuesday with the state of Wisconsin that was a shadow of the record-setting incentives package announced in the summer of 2017.

Foxconn, the world’s biggest electronics contract manufacturer, now plans to invest as much as $672 million and create 1,454 jobs by the year 2025 to qualify for $80 million in incentives, according to the contract.

The company previously agreed to invest as much as $10 billion and hire 13,000 people by the year 2032 to qualify for $2.85 billion in incentives.

The Foxconn deal was originally struck by the company’s former chairman and founder, Terry Gou, and former Republican Gov. Scott Walker, who lost his post in 2018 to Democrat Tony Evers. The deal was announced at the White House and touted by then-President Trump as a pillar of the administration’s plan to boost U.S. manufacturing jobs."

https://www.wsj.com/articles/foxconn-shrinks-plans-for-wisconsin-plant-11618959964

All good stuff there. Thanks for the post. I've been in here since $5.50 got in over the summer.

Manufacturer for hire: China's Geely sets out to become a force in electric cars

https://finance.yahoo.com/news/manufacturer-hire-chinas-geely-sets-230135336.html

"The chairman's attitude towards contract manufacturing is clear: he is embracing it and actively pursuing it," a Geely executive told Reuters.

Outsourcing production of some models through original equipment manufacturing (OEM) deals is common in the auto industry, but Geely's plans represent the most aggressive attempt yet by an automaker to build up a contract manufacturing business.

Of the four deals announced, a venture with Taiwan's Foxconn to provide electric vehicle (EV) contract manufacturing, is the most important, said the sources, who were not authorised to speak to media and declined to be identified.

I'm in for the Ride
@ $8.3499

I’m a CC member since 2016. I’ve picked up some very good ideas from them. Didn’t bite on this one and pass on many. But I do follow a large basket of their suggestions I like and buy when prices present an opportunity.

All companies in Japan, Taiwan etc pay dividends once a year. Most of the stocks I picked up from Oxford have done well. Good Luck

I know this is good news. I saw your post about how to buy this stock. Definitely a convoluted approach but I've bought two groups of shares so far under this ticker and I received the dividend this past July - works for me. This group only distributes dividends once year from what I can tell.

I was once a member of Oxford too for a very short period of time. I had to stop due to being overwhelmed by email. This stock was my prize when I signed up.

https://finance.yahoo.com/m/b95f9275-4972-3dd6-b335-3044fba5fada/foxconn-moves-to-become-the.html Now building Cars

This why we invested in this company. I hope they list on NYSE soon.

Foxconn Sells Alibaba Shares for $195.7 Million
11:07 pm ET October 21, 2020 (Dow Jones) Print
By Kosaku Narioka

Foxconn Technology Group said Thursday that it sold 630,000 shares of Alibaba Group Holding Ltd. in the U.S. for $195.7 million.

The Taiwanese electronics maker, formally known as Hon Hai Precision Industry Co., said it sold American depositary shares at $310.68 each and made investment gains of $130.1 million based on acquisition cost.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

October 21, 2020 23:07 ET (03:07 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Oxford is not touting either HNHAF or HNHPF. Oxford is actually telling you to buy 2317.TW which trades on the Japanese market. Their reason is because it is much more liquid. When buying HNHPF you are actually buy 2 shares of 2317.TW. The problem I had with buying shares on the Japanese exchange was it cost me $192 to execute the trade. ( I went through Fidelity) I am a happy with the recommendation I am up 19% since the beginning of Oct. Just be aware that trading begins at 8PM EST, so any trade you do today will not get executed until the next day trading in Japan. Also, Oxford claims a 4% dividend, I think that was a distribution for fractional shares created by a stock split. I am up on all Oxford recommendations.

Is Foxconn involved with 5th generation tech?
If not they should be with all their so called pattens.

Just questioning why Oxford is putting a 3.00 price range
on their recommendation which reflects HNHAF and not HNHPF.
I am not invested either but waiting and watching the Trump/China
tariff fight to be resolved. Meanwhile, I am watching both tickers.

I'm an unwilling Oxford Club member. In fact I have been informed I am in the Chairman's Circle. Thanks dad? I have a hard time with this being on the OTC and its even worse on the pinks? Seems to me if Samsung wants to take the company to NASD. The would have an IPO for that and let this languish in the pinks. In 6 months this ticker has gone nowhere. IMO just because its an Oxford recco does not make it gold.

HNHAF shows 23% institutional holdings where HNHPF shows no
institutional holdings. More confusion?
HNHAF is probably the one Oxford club is touting because of
the 3 dollar price range.
Both have a very large outstanding share structure.

I sold my shares just because its hard to figure out what's what. And very little movement. So I don't know.