Hon Hai: Focus On AI Server Growth Rather Than Earnings Miss (Rating Upgrade)

Images_By_Kenny Elevator Pitch Hon Hai Precision Industry Co., Ltd. (OTCPK:HNHAF) (OTCPK:HNHPF) [2317:TW] shares are awarded a Buy rating. My earlier October 30, 2023 write-up touched on Hon Hai's full-year FY 2023 prospects and risks pertaining to the company's Mainland Chinese manufacturing operations. This latest update focuses on HNHAF's recent quarterly results, its latest monthly sales numbers, and the company's FY 2024 outlook. Hon Hai's Q1 2024 bottom line was below the consensus estimate as a resul ...