Hon Hai Precision Industry Co, the main assembler of the US company’s smartphones, has gained 29% in the past year, with its shares touching a decade-high on optimism about Apple’s 10th anniversary iPhone. He spearheaded the acquisition of Sharp Corp, transforming the ailing Japanese giant into a company that’s tripled in value and is now jointly investing billions. “The main areas where Hon Hai is cooperating with Apple are seeing slower growth – think smartphones and tablets. Hon Hai has to find emerging sectors where growth rate is high. This month, analysts at Citigroup Inc, Nomura Holdings Inc and HSBC Holdings Plc upgraded Hon Hai to a buy rating.

Source: The Star February 21, 2017 06:32 UTC