Reported 12 months ago
Hon Hai's target price set by foreign investors at 255 yuan! Despite last week's volatility in the Taiwan stock market, foreign investors have reiterated buy ratings and raised target prices for five tech stocks, including Hon Hai (2317), which is expected to benefit from the upcoming iPhone 16 launch in September and the expansion of its electric vehicle business in the second half of the year. Morgan Stanley recently released a report stating that Hon Hai will benefit from the iPhone upgrade cycle, with a target price raised from 210 yuan to 255 yuan, making it a top pick. Other tech stocks like Largan Precision, MediaTek, Sinbon Electronics, and Elan Microelectronics have also received buy ratings and increased target prices from various foreign brokerage firms.
Source: YAHOO