Foxconn Rose 6% to 7.5 yuan

Foxconn International rose sharply this morning to win the big city, the share price rose 6.06% to 5.6 Hong Kong dollars a half, deal 36.87 million shares.　　The Morgan Stanley report said it had raised its rating from neutral to overweight, and that the target price had risen from HK $4.5 to HK $7.5, a 34% per cent premium. Morgan Stanley refers to the revival of Foxconn's road to a turning point, thanks to the industry and the company's own two positive changes. As a result, its global mobile phone and outsourcing business forecasts were increased, and the operating expenses and tax expenditures were lowered. Global phone delivery forecasts were adjusted from a 2009-year decline of 12% to the current decline of 9%, with a growth of 9% per cent for 2010 and a current value of 12%. The outsourcing value and the global market share of Foxconn should recover from 2010 and grow with the recovery of the industry, and the growth of Nokia has been accelerated again.