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    2317   TW0002317005

HON HAI PRECISION INDUSTRY CO., LTD.

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Foxconn founder says hopes to import BioNTech COVID shots for Taiwan

05/29/2021 | 07:06am EDT

TAIPEI, May 29 (Reuters) - Terry Gou, the billionaire founder of major Apple Inc supplier Foxconn, said on Saturday his charity plans to apply to import 5 million doses of BioNTech SE's COVID-19 vaccine into Taiwan, which is tackling a spike in infections.

After recording just a handful of daily infections for months, Taiwan is currently dealing with relatively large numbers of community transmissions. It has only vaccinated around 1% of its more than 23 million people, though it has almost 30 million shots on order, from AstraZeneca Plc, Moderna Inc and two domestic firms.

The Chinese-claimed island has blamed Beijing for nixing a deal earlier this year for BioNTech vaccines, which China denies. Facing pressure from opposition parties, the government says it will allow companies to apply to it to import vaccines.

In a statement, Gou said that his Yonglin Foundation plans to apply for 5 million BioNTech doses made and packaged in Germany to be imported into Taiwan.

The shots would be airlifted from Germany to Taiwan without going via any middleman, he added.

"This plan is in process," Gou said.

BioNTech did not immediately respond to a request for comment, but it has repeatedly declined to comment on the state of talks with Taiwan.

Taiwan's Central Epidemic Command Centre said shortly before Gou's statement was released that it welcomed any offers of help from charities or religious groups, but it was up to the central government to sign vaccine contracts and distribute shots.

Shanghai Fosun Pharmaceutical Group Co Ltd has a contract with BioNTech to sell the vaccines in Greater China, including to Taiwan, but Taiwan's government says it has and will only deal with BioNTech in Germany, and that it does not trust vaccines from China.

Outside of Greater China, BioNTech has partnered with Pfizer Inc..

China says Taiwan has gone against commercial principles in seeking to bypass Fosun and go directly to BioNTech.

Gou said his charity would not import Chinese-made vaccines.

"Please do not confuse the German-made BioNTech (shots) with Chinese-made vaccine."

Taiwan has reported 7,806 infections since the pandemic began, including 99 deaths. (Reporting by Ben Blanchard; Editing by Kirsten Donovan)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.59% 149.4695 Delayed Quote.11.96%
ASTRAZENECA PLC -2.22% 8292 Delayed Quote.15.78%
BIONTECH SE 3.55% 291.14 Delayed Quote.245.88%
HON HAI PRECISION INDUSTRY CO., LTD. -0.45% 110 End-of-day quote.19.57%
MODERNA, INC. -2.59% 338.7562 Delayed Quote.233.90%
MSCI TAIWAN (STRD) -0.43% 698.8 Real-time Quote.16.29%
SHANGHAI FOSUN PHARMACEUTICAL (GROUP) CO., LTD. -8.74% 71 End-of-day quote.31.51%
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Financials
Sales 2021 5 937 B 212 B 212 B
Net income 2021 133 B 4 747 M 4 747 M
Net cash 2021 411 B 14 646 M 14 646 M
P/E ratio 2021 11,4x
Yield 2021 4,40%
Capitalization 1 525 B 54 349 M 54 332 M
EV / Sales 2021 0,19x
EV / Sales 2022 0,17x
Nbr of Employees -
Free-Float 87,4%
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Hon Hai Precision Industry Co., Ltd. Technical Analysis Chart | 2317 | TW0002317005 | MarketScreener
Technical analysis trends HON HAI PRECISION INDUSTRY CO., LTD.
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Mean consensus BUY
Number of Analysts 20
Last Close Price 110,00 TWD
Average target price 139,63 TWD
Spread / Average Target 26,9%
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Managers and Directors
Yang-wei Liu Chairman & Chief Executive Officer
Te Tsai Huang Head-Finance & Deputy Spokesman
Kuo Cheng Wang Independent Director
Kuo Chuan Kung Independent Director
Ta wei Kuo Independent Director