Shares of Foxconn Industrial surged to the daily 44 per cent limit on their debut in Shanghai. Photo: Reuters Shares of Foxconn Industrial surged to the daily 44 per cent limit on their debut in Shanghai. Photo: Reuters
Shares of Foxconn Industrial surged to the daily 44 per cent limit on their debut in Shanghai. Photo: Reuters

IPO

Business /  Companies

Why stock traders are dumping Apple supplier Foxconn Industrial

The stock – despite a 33pc drop – is trading at 19 times earnings, ahead of the 16 times for Apple, the world’s most valuable company

Topic |   IPO
Zhang Shidong
Zhang Shidong

Updated: 10:00am, 8 Jul, 2018

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Shares of Foxconn Industrial surged to the daily 44 per cent limit on their debut in Shanghai. Photo: Reuters Shares of Foxconn Industrial surged to the daily 44 per cent limit on their debut in Shanghai. Photo: Reuters
Shares of Foxconn Industrial surged to the daily 44 per cent limit on their debut in Shanghai. Photo: Reuters
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