|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||3,380.00 - 3,436.00|
|52 Week Range||2,362.00 - 3,451.00|
|Beta (5Y Monthly)||0.55|
|PE Ratio (TTM)||12.47|
|Earnings Date||May 13, 2020 - May 18, 2020|
|Forward Dividend & Yield||120.00 (3.50%)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||3,233.20|
Chip-related shares were riding high, with optimism on the industry getting another boost last week after Taiwan Semiconductor Manufacturing Co Ltd (TSMC) forecast an up to 45% spike in January-March revenue and raised its capex plan for the year. Shares of Toshiba Corp fell 4.6% after the company found possible accounting irregularities at a wholly-owned subsidiary, prompting it to revise past financial statements. On the other hand, Toshiba Machine Co soared as a fund backed by veteran activist investor Yoshiaki Murakami planned a takeover bid for the former Toshiba subsidiary firm.
(Bloomberg) -- A consortium that includes U.S. cable giant Comcast Corp., James Murdoch’s Lupa Systems and Blackstone Group Inc. has made an offer for a stake in Zee Entertainment Enterprises Ltd., India’s largest private broadcaster, people familiar with the matter said.The group plans to snap up a 51% stake, which has a market value of about 190 billion rupees ($2.77 billion), said one of the people, asking not to be identified as the discussions are private. The bid is nonbinding, the people said.A deal could be announced as soon as Wednesday and there could be more investors, another person said. Deliberations are ongoing and might not result in a deal, the people said. Representatives for Comcast and Blackstone declined to comment, while a representative for Zee had no immediate comment.Zee, the Mumbai-based broadcaster controlled by former rice trader-turned-media mogul Subhash Chandra, is seeking a strategic investor to help pay off debts of its parent group as well as fend off competition from Netflix, Amazon and hundreds of local TV channels vying to tap India’s booming demand for content.A deal would give Comcast, Lupa and Blackstone control of Zee’s deep library of content and its ZEE5 platform offering Bollywood films and more than 90 television channels in 12 languages on-demand via Internet. Some of the world’s largest telecommunications companies, including AT&T Inc., Vodafone Group Plc and KDDI Corp., have been buying film and television production and cable TV assets to bolster earnings as subscribers level off.Shares of Zee slipped 0.2% in Mumbai on Tuesday afternoon, while the S&P BSE 100 Index was little changed. Comcast was down 0.8% in morning New York trading.(Updates with Comcast shares in final paragraph.)To contact the reporters on this story: Anousha Sakoui in los angeles at firstname.lastname@example.org;P R Sanjai in Mumbai at email@example.com;Baiju Kalesh in Mumbai at firstname.lastname@example.orgTo contact the editors responsible for this story: Fion Li at email@example.com, Dave McCombsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
SoftBank Corp. named Nokia as a strategic partner for 5G rollout and Ericsson as a supplier of radio access network equipment, the companies said in separate releases. Huawei, which together with ZTE Corp. was a 4G vendor for the Japanese company, wasn’t selected despite participating in earlier 5G trials. SoftBank declined further comment.
BEIJING/WASHINGTON, May 22 (Reuters) - China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the U.S.-China trade war took a mounting toll on tech giant Huawei. The world's two largest economies have escalated tariff increases on each other's imports after talks broke down to resolve their dispute, and the acrimony has intensified since Washington last week blacklisted Chinese telecom equipment company Huawei Technologies Co Ltd.
Japanese telco SoftBank Corp's low-cost mobile brand Ymobile said on Wednesday it would delay the launch of Huawei P30 Lite smartphone, following the imposition of trade restrictions on the Chinese manufacturer by Washington. The smartphone from Huawei Technologies was due to go on sale on Friday but a SoftBank spokesman said the telco wanted to be confident it could sell the product in light of the U.S. restrictions. The U.S. Commerce Department blocked Huawei from buying U.S. goods last week, a major escalation in the trade war between the world's two top economies, saying the firm was involved in activities contrary to national security.
Shares in Japan's big telcos jumped on Tuesday after market leader NTT Docomo announced smaller-than-feared price cuts, alleviating concerns about a profit-dampening price war. NTT Docomo shares were up 3.5 percent in early Tokyo trading, with KDDI Corp up 5.6 percent and SoftBank Corp up 2.7 percent. Japan's big three telcos are under government pressure to reduce carrier fees to help stimulate consumer spending in other parts of the economy.
Japan's telcos were formally allocated 5G spectrum by regulators on Wednesday, a major milestone ahead of the launch of high-speed wireless services next spring. The three big carriers - NTT Docomo, KDDI and SoftBank Corp - along with new entrant Rakuten Inc, received spectrum from the telecoms ministry. The technology, which can provide data speeds at least 20 times faster than 4G, is seen as essential for emerging technologies from self-driving cars and smart cities to augmented reality and artificial intelligence.