HonHai’s(2317-TW)4Q18netprofitincreasedby1.5times,surpassing1Q18~3Q18"snetprofits.ItsGMandoperatingmarginbothrose.Thestockpricerosebymorethan9.5%andreachedthehighestpriceofNTD80.5todayonApril1st.HonHaistockpricereboundedtoits240-dayMAandseta5-monthshigh.Thetradingvolumewasapproaching100,000,thehighestsinceOctober11stlastyear.Thecompany’svaluealsoreturnedtoaboveNTD1.1tn,surpassingFormosaPetrochemicalCorporation(6505-TW)andreturningtothesecondplaceonthelist.ForeigninstutionalinvestorsholdspositiveoutlooktowardHonHai.HSBCrecommendedBUYwithTPofNTD93.5.HonHaiannouncedits4Q18financialreportlastweek.Its4Q18revenuereachedNTD1.81tn(+31.6%QoQ,+4.6%YoY).Its4Q18netprofitwasNTD62.619bn(+152%QoQ,-12.6%YoY)withEPSofNTD4.06.Its4Q18GMwas7%(+1.13%QoQ,+0.9%YoY).Its4Q18operatingmarginwas3.55%(+1.27%QoQ,+1.68%YoY).
