|Bid||5.36 x 2900|
|Ask||5.37 x 2900|
|Day's Range||5.30 - 5.37|
|52 Week Range||3.79 - 6.72|
|Beta (5Y Monthly)||1.03|
|PE Ratio (TTM)||12.09|
|Forward Dividend & Yield||0.24 (4.42%)|
|Ex-Dividend Date||Sep 29, 2020|
|1y Target Est||6.11|
Nomura (NMR) raises its pretax income target for the next fiscal year by 14.3% despite taking a nearly $3-billion hit from the Archegos collapse.
(Bloomberg) -- Advent International is exploring options including a potential sale for its stake in ASK Group, an Indian investment and wealth management firm, according to people familiar with the matter.The buyout firm is working with Nomura Holdings Inc. on a possible deal, said the people, who asked not to be identified as the discussions are private. Advent is seeking a valuation of more than $1 billion for ASK Group in a deal, one of the people said, adding that the country’s coronavirus outbreak could mean the process will take longer.Considerations are an early stage and Advent could still decide to keep the holding, the people said. A representative for Nomura declined to comment, while a representative for Advent couldn’t be reached for comment.Founded in 1983, ASK Group has 20 offices and branches across India, Dubai and Singapore. It managed assets of more than 660 billion rupees ($9 billion) as of March 31.Advent bought a significant minority stake in ASK Group for an undisclosed amount in 2016. The private equity firm owns about 40% of ASK, local media reports have said.(Adds Nomura’s role in second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Nomura Holdings Inc raised its pretax income target for the next fiscal year by 14%, showing the long-cherished ambitions of Japan's top brokerage and investment bank to join the global elite remain undimmed, despite sustaining a near $3 billion hit from the collapse of U.S. investment fund Archegos. Setting out guidance in a mid-term presentation, Nomura on Wednesday said it was basing its raised target on a strategy of developing its footprint in global private markets, taking in business with unlisted companies, like private equity funds, as well as services for wealthier private clients. Nomura now estimates 320 billion yen ($2.94 billion) in pretax income for its three core divisions in the year from April next year, citing strength in wholesale arm, comprising global markets and investment banking.