SFTBY - SoftBank Group Corp.
| Previous Close | 47.14 |
| Open | 46.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 45.90 - 47.52 |
| 52 Week Range | 31.08 - 56.08 |
| Volume | 1,068,364 |
| Avg. Volume | 445,135 |
| Market Cap | 86.992B |
| Beta (3Y Monthly) | 2.11 |
| PE Ratio (TTM) | 6.61 |
| EPS (TTM) | 7.15 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.20 (0.37%) |
| Ex-Dividend Date | 2018-09-27 |
| 1y Target Est | N/A |
- Reuters•44 minutes ago
Most SoftBank Vision Fund investors want to join second fund - CEO Son
Most investors in SoftBank Group Corp's $100 billion Vision Fund want to join the group's forthcoming second fund, founder and Chief Executive Masayoshi Son said on Wednesday. SoftBank will soon start discussing the second fund with the investors, Son said at the group's annual general meeting, without providing further details. The entrepreneur said in May a second fund would launch "soon", with SoftBank likely to be the only investor initially.
- Reuters•1 hour ago
Most SoftBank Vision Fund investors want to join second fund: CEO Son
Most investors in SoftBank Group Corp's $100 billion Vision Fund want to join the group's forthcoming second fund, founder and Chief Executive Masayoshi Son said on Wednesday. SoftBank will soon start discussing the second fund with the investors, Son said at the group's annual general meeting, without providing further details. The entrepreneur said in May a second fund would launch "soon", with SoftBank likely to be the only investor initially.
- Zacks•2 days ago
Why GM Is Set to Challenge Tesla in Electric & Autonomous Vehicle Markets
GM is one of many automakers trying to chase Tesla (TSLA) as the top electric and autonomous vehicle manufacturer, with plans to produce 20 models of electric cars by 2023.
- TechCrunch•7 days ago
Arm shows SoftBank does tech PE the right way
Private equity firms get a bad rap — and not without reason. In the prototypical example, a bunch of men in suits (and these folks always seem to be men for some reason) swoop in from Manhattan with Excel spreadsheets and pink slips, slashing and burning through an organization while ladening the balance sheet with debt in an algebraic alchemy of monetary extraction.
- Bloomberg•7 days ago
SoftBank Taps Goldman for Talks on Second $100 Billion Fund
(Bloomberg) -- SoftBank Group Corp. is working with Goldman Sachs Group Inc. to raise money for its second $100 billion technology investment fund and will begin formally soliciting investors in July, according to people familiar with the matter.SoftBank and its bankers, which also include Centricus and Cantor Fitzgerald, have held preliminary talks with sovereign wealth funds from Singapore, Saudi Arabia, Abu Dhabi, Kazakhstan and Oman, said the people, who asked not to be named because the matter is private. SoftBank may contribute $40 billion to $50 billion, up from $28 billion in the first fund, because of what founder Masayoshi Son sees as potentially lucrative returns, the people said. The goal is to close the fund by March 2020, one person said.While Son has made no secret of his intention to raise more capital after the first Vision Fund, there has been heated debate over whether he would be able to create another $100 billion behemoth. The initial fund was the largest ever of its kind, fueling concern it would drive up startup valuations and hurt returns. Adding evidence to the argument was the initial public offering flop by Uber Technologies Inc., one of the fund’s highest-profile investments.Yet SoftBank and its bankers have gained confidence in their effort after they were approached by several sovereign wealth funds and received positive early responses from other investors. The talks are preliminary and the fund may not close as intended next year or may raise less money than anticipated, the people said.“Because we have made great results and performance in SoftBank Vision Fund I, a majority of investors have shown high interest in Vision Fund II,” Son said last month on a conference call to discuss earnings. “On top of that, many investors around the world showed their interest to be part of Vision Fund II.”SoftBank’s representatives declined to comment on the details for the second fund.The first Vision Fund was dominated by Saudi Arabia, which contributed $45 billion of the total. Mohammed bin Salman, the crown prince and chairman of the nation’s sovereign wealth fund, told Bloomberg in October that he would pledge the same amount of money for the next Vision Fund. However, it is unlikely the Public Investment Fund will invest such a large amount the second time around, in part because SoftBank has been keen to broaden its investor base, the people said.Saudi Arabia and the crown prince faced outrage last year after the murder of government critic Jamal Khashoggi. Analysts such as Sanford C. Bernstein & Co.’s Chris Lane worked through the financial implications if SoftBank were to take little or no money from the Saudis in the future.PIF declined to comment on its plans for the second Vision Fund.Singapore’s GIC Pte, Kazakhstan’s sovereign fund and financial firms in Taiwan may each invest $2 billion or more in the new fund, while Oman may put in a smaller amount, one person said. GIC declined to comment, while Kazakhstan and Oman didn’t respond to requests for comment.London-based Centricus, formed by former Deutsche Bank AG banker Nizar Al Bassam and former Goldman partner Dalinc Ariburnu, helped with fundraising and advised on the first Vision Fund. Rajeev Misra, who oversees the fund, is a former Deutsche Bank executive.Son disclosed that the first Vision Fund has earned his company 62% returns so far after making 71 investments for a total of $64.2 billion. Those returns have been boosted because part of the capital contributed by other investors is in fixed-return preference shares that are capped at 7%. In a research report, Bernstein’s Lane explained that limited partners made 45% on their common shares and a blended return of 29% including the preference shares.Son said in an interview with Bloomberg News last year that he would like to raise a new Vision Fund every two or three years because he sees so many opportunities in artificial intelligence and other cutting-edge technologies. He said in May that the second fund would be about the same size as the current Vision Fund.The first fund has taken stakes in many of the world’s leading technology companies, including Uber and WeWork Cos. Ride-hailing is the single biggest segment, including stakes in China’s Didi Chuxing, India’s Ola and Singapore’s Grab.SoftBank is leading a $300 million investment Gympass, a Brazilian startup that lets employers make gym workouts more accessible for workers, through its Vision Fund and new Latin American fund, the firm said Wednesday.“My heart and mind are full of energy for the Vision Fund, taking up 97% of my brain,” Son said in May.(Adds Gympass funding details in penultimate paragraph.)\--With assistance from David Ramli, Donna Abu-Nasr, Fiona MacDonald, Pavel Alpeyev and Nariman Gizitdinov.To contact the reporters on this story: Takahiko Hyuga in Tokyo at thyuga@bloomberg.net;Giles Turner in London at gturner35@bloomberg.net;Dinesh Nair in London at dnair5@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, ;Takashi Amano at tamano6@bloomberg.net, Amy ThomsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters•7 days ago
Nikkei snaps 3-day winning streak as fresh trade worries weigh
Japan's Nikkei share average fell on Wednesday, snapping a three-day winning streak, as the tough stance taken by U.S. President Donald Trump in his latest comments on trade negotiations with China fed worries of a global slowdown. The Nikkei fell 0.4% to 21,129.72, with an immediate resistance seen at its current 100-day moving average at 21,272. Trump said on Tuesday that he was holding up a trade deal with China and had no interest in moving ahead unless Beijing agrees again to four or five "major points", without specifying what those issues were.
- Reuters•7 days ago
Nikkei rally runs out of steam on fresh trade worries
Japan's Nikkei share average struggled to extend gains on Wednesday after a three-day winning streak, as the White House's latest tough stance on China kept worries about a global slowdown intact. The Nikkei rose 0.09% to 21,223.36, with an immediate resistance seen at its 100-day moving average now at 21,272.
- Reuters•8 days ago
UPDATE 1-First stop SE Asia: SoftBank, Toyota's autonomous car venture heads overseas
The self-driving car joint venture of SoftBank Corp and Toyota Motor plans to begin operating in Southeast Asia next year, in its first overseas foray, its chief executive said on Tuesday. The move would mark a shift for Japan's third biggest telco as it looks abroad for growth and potentially bring it into competition with portfolio companies of parent SoftBank Group Corp and its $100 billion Vision Fund, which has invested in major ride-hailing firms around the world. Monet, which is developing an on-demand self-driving service platform, is planning to export a basic version of the system, Chief Executive Junichi Miyakawa told Reuters.
- Reuters•8 days ago
SoftBank, Toyota autonomous car venture to launch in SE Asia next year
The self-driving car joint venture of SoftBank Corp and Toyota Motor plans to begin operating in Southeast Asia next year, in its first overseas foray, its chief executive said on Tuesday. Monet, which is developing an on-demand self-driving service platform, is planning to export a basic version of the system, Chief Executive Junichi Miyakawa told Reuters. "Our first step will likely be to Southeast Asia, as applications like transportation services in smart cities, or airport shuttle systems," Miyakawa said, adding that Monet could begin introducing such services in 2020.
- Reuters•8 days ago
First stop Southeast Asia: SoftBank, Toyota's autonomous car venture heads overseas
The self-driving car joint venture of SoftBank Corp and Toyota Motor plans to begin operating in Southeast Asia next year, in its first overseas foray, its chief executive said on Tuesday. The move would mark a shift for Japan's third biggest telco as it looks abroad for growth and potentially bring it into competition with portfolio companies of parent SoftBank Group Corp and its $100 billion Vision Fund, which has invested in major ride-hailing firms around the world. Monet, which is developing an on-demand self-driving service platform, is planning to export a basic version of the system, Chief Executive Junichi Miyakawa told Reuters.
- MoneyShow•9 days ago
Telecom Talk- Dish to Sprint
Allowing Sprint (S) and T-Mobile USA (TMUS) -- this country's third and fourth largest wireless companies -- to merge is a major policy shift. That means there will be winners and losers, explains Roger Conrad, editor of Conrad's Utility Investor.
- InvestorPlace•12 days ago
Alibaba Stock Is The Cloud Emperor
In the past month, Alibaba (NYSE:BABA) stock has lost almost 20% of its value as a direct result of the U.S. trade war.Source: Shutterstock That's one reason why the company wants to list its stock in Hong Kong. Another is the fact that, since Alibaba's U.S. IPO, the Hong Kong exchange has changed its rules to let in dual-class stocks like Alibaba.Nothing could have kept the shares from dropping after it was learned Softbank (OTCMKTS:SFTBY) had sold 73 million of its shares, dropping its holdings to 26% of the total.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAt its June 7 opening bid of $152.95, Alibaba is trading just 18% above its Christmas low, achieved at the bottom of the U.S. tech wreck last year.But notice, dear reader, how we haven't yet talked about the company. Trading is fun, but can you still invest in Alibaba? Blue Skies in the Cloud for Alibaba StockI'm seriously considering it. I sold out of Alibaba in February, when it was at $167, and I'm thinking of getting back in. * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% From a pure business standpoint, there's little but clear sky ahead for the Chinese e-commerce giant.Credit for that should go to its cloud. All the Cloud Czars, both Chinese and American, have their strategies. Alibaba's is to be "more than just a cloud," pushing its own applications to customers, becoming their computer. While Microsoft (NASDAQ:MSFT) offers partner applications, Amazon (NASDAQ:AMZN) offers infrastructure and Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google offers services, Alibaba's aim is to become a single source, to handle the "digital transformation" of clients' business, and to be trusted to bring them artificial intelligence.Alibaba's cloud continues to be in pure growth mode, while the footprints of American Cloud Czars look set. The company recently announced it will open new data centers in Dubai, Japan, Australia and Germany, giving it eight facilities outside China against 6 inside it.The Alibaba approach to cloud would make the U.S. Justice Department blanch. China is fine with single-company dominance, so long as a Chinese company is doing the dominating. Alibaba Cloud now has a "run-rate" of $4.4 billion per year, representing 7% of total revenue. (Amazon's AWS cloud represents 14% of its revenue, according to its first quarter report.) Horatio MaJack Ma, now executive chairman, remains the public face of Alibaba. Enigmatic, Ma's latest turn is as a Chinese Horatio Alger. He tells his fellow Chinese that by focusing on what customers want, and on the people serving those customers, they can succeed as he has.Alibaba has become the dominant e-commerce player in China and is becoming the dominant brick-and-mortar player as well. This insulates it from trade tension, to a degree, because it can focus exports on fast-growing Southeast Asian markets. It can also ride the transformation of Chinese society, which has gone from the 18th century to the 21stin just 30 years.Thus, many analysts have once again begun pounding the table for the shares. Based on its 2019 fiscal year report, released May 15, investors can today get Alibaba shares for just 7 times last year's revenue and 47 times earnings. Given its 54% year over year growth rate, that's not unreasonable. The Bottom Line on BABA StockAlibaba continues to grow without any of the pushback of its American rivals.No politician wants to break up Alibaba, to separate its entertainment or retail business from its cloud, or to hamper its growth in any way. China's government has full visibility into what Alibaba and its users do. Jack Ma is a member of the Party in good standing.To me that makes Alibaba more than a Cloud Czar. It's the Cloud Emperor.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at . As of this writing he owned shares in MSFT and AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% * 7 Stocks to Buy That Don't Care About Tariffs * 5 Healthcare Stocks to Pick Up From the Wreckage Compare Brokers The post Alibaba Stock Is The Cloud Emperor appeared first on InvestorPlace.
- Market Realist•13 days ago
Ericsson Taps a New Marketing Chief as the 5G Race Heats Up
Ericsson Digest: Customer Agreement, 5G Test, and 5G Contracts(Continued from Prior Part)Ericsson wins 5G contracts from SoftBank and SprintAmid the tightening race for 5G contracts, Ericsson (ERIC) is betting on a new marketing chief to bolster its
- Moody's•13 days ago
SB Handset Installment Sales Receivables Securitization 2019-6 -- Moody's assigns provisional ratings to SB handset ABS transaction
Moody's SF Japan K.K. has assigned provisional ratings to SB Handset Installment Sales Receivables Securitization 2019-6 backed by handset installment sales receivables, originated by SoftBank Corp. Upon a conclusive review of the transaction and associated documentation, Moody's will endeavor to assign definitive ratings to the securities.
- Bloomberg•13 days ago
How Son Made 62% Return on SoftBank's $64 Billion in Tech Deals
The Japanese billionaire of course established the $100 billion Vision Fund to make big bets on tech startups like Uber Technologies Inc. and WeWork Cos. Less well known is that Son leveraged his stake in the fund to boost returns if things go well -- with outsized losses if things go poorly. The little-understood Vision Fund is one reason Son’s SoftBank Group Corp. trades at a steep discount to the value of its assets, according to an in-depth research report from Sanford C. Bernstein & Co. analyst Chris Lane.
- InvestorPlace•14 days ago
4 of the Best OTC Stocks to Buy for Future Growth
[Editor's note: This story was previously published in February 2019. It has since been updated and republished.] Not all American stocks trade on the major exchanges. In fact, many investors often forget the stocks that trade on the Over the Counter Bulletin Board (OTCBB). Some refer to these OTC stocks to buy as equities that trade on the "pink sheets," named for the color of the paper on which they were printed before electronic trading became more widespread.Instead of using exchanges, such trades occur over computer networks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStocks end up on the pink sheets either because they either don't meet or have not attempted to meet the listing requirements of the New York Stock Exchange or the Nasdaq. Often OTC stocks have become penny stocks involuntarily. They often fail to meet listing requirements due to financial strains. * The 10 Best Stocks for 2019 -- So Far However, one should not assume all OTC stocks trade as penny stocks near bankruptcy. In fact, some OTC stocks have become some of the largest and most successful companies in the world. This sometimes occurs with foreign companies that trade on the major exchanges in their home countries.Despite their prestige at home, these companies may turn to OTC markets to test the U.S. market. If their stock becomes one of the OTC stocks to buy, they will subsequently switch to the NYSE or Nasdaq at a later time. Others may not want to meet the financial disclosure standards required by the exchanges.Whatever the reason, traders should not ignore the OTC markets. In fact, investors looking for OTC stocks to buy may want to consider these five: BAE Systems (BAESY)BAE (OTCMKTS:BAESY) operates in the defense, security and aerospace industries. Based in Farnborough, England, BAE has grown into the U.K.'s largest defense contractor. Despite its presence in its home country, 75% of its revenue comes from outside of the U.K.Revenue and earnings have seen slower growth over the last few years. However, the Trump Administration's attitude toward European defense may force these governments to shoulder more of the defense burden. Furthermore, threats from the Middle East and fears of Russia continue to worsen.Such concerns play into the hands of defense contractors such as BAE. The stock has traded in a range since 2015. A focus on defense within Europe could send it higher. Net income also appears set to move higher. If profit predictions hold up, the forward P/E will hold at about the 15 level. This stands well below the 31.5 average P/E over the last five years.Moreover, even though the stock shows little movement, the dividend helps it become an ideal OTC stock to buy. The dividend saw an increase this year. Shareholders now earn a dividend yield at around 6%. Even if the stock takes longer than anticipated to move higher, BAESY stock pays investors well to wait.Still, with the current geopolitical environment, BAE investors will likely not have to wait for very long. Sberbank of Russia (SBRCY)Sberbank (OTCMKTS:SBRCY) might seem too risky to become one of the better OTC stocks to buy. With the focus on Russian collusion and a relationship between Trump and Putin that has become too comfortable for many, the thought of investing in Russia seems scary.However, some see opportunity amid the fear. American investors such as Jim Rogers have recently sought investment opportunities in Russia. Mr. Rogers cites a strong ruble, a market well off all-time highs and high real interest rates as the reason. SBRCY stock could position an investor for these returns.Sberbank has become the largest bank in Russia. It holds more in assets than the next six largest competitors combined. Sberbank performs retail, corporate and investment banking within Russia. It also invests heavily in Central and Eastern Europe. * The 10 Best Stocks for 2019 -- So Far At a $70=8 billion market cap, it pales in size to U.S. banking giants such as Citigroup (NYSE:C) or Bank of America (NYSE:BAC). It also seems to struggle with gaining respect, though this could work to an investor's advantage. SBRCY stock trades at a P/E of only six or so, well below that of BAC stock. This is despite the fact that revenues have increased by an average of 18.9%-per-year over the last five years.Moreover, dividends have seen sustained growth over the last three years. Today, SBRCY stock pays a dividend of about 4.25%. In today's market, anything related to Russia has become clouded in controversy. However, those that can look past the drama could find a bargain in SBRCY stock. Softbank (SFTBY)Even though it could become one of the more profitable OTC stocks to buy, Softbank (OTCMKTS:SFTBY) has not become a household name. However, this Japanese holding conglomerate has grown to a little more than a $93 billion market cap by investing in some of the better-known names in the tech industry in both the U.S. and Japan.Softbank lists Yahoo! Japan, Uber (NYSE:UBER) and WeWork among its investments. Still, its most famous investments are its 28% stake in Alibaba (NYSE:BABA) and its ownership of about 83% of Sprint (NYSE:S). In fact, one attempt to merge Sprint with T-Mobile (NASDAQ:TMUS) failed because it would have required Softbank to sell too many of its assets.Investors should look at SFTBY stock like a mutual fund. If the T-Mobile-Sprint merger goes through, this will give Softbank a significant stake in America's fastest-growing telecom company as 5G begins to take off. Softbank's results should be boosted by Uber's IPO.SFTBY stock also reported a 49% increase in earnings in its latest quarter. Investments in WeWork and Indian ecommerce firm Flipkart drove much of the net income increase.With its profitable investments and its prospects for the future, SFTBY should continue to report strong results for many quarters to come. Tencent (TCEHY)Tencent (OTCMKTS:TCEHY) has become the largest OTC stock trading today. With a $398 billion market cap, the Shenzhen and Cayman Islands-based conglomerate has grown into one of the world's largest companies.Tencent serves the Chinese market in the internet, social networking, gaming, payment systems, ecommerce, venture capital and many other areas. The company competes with the likes of Alibaba and JD.com (NASDAQ:JD) at home.Overseas, Tencent's influence is also felt in the U.S. as it competes with Activision (NASDAQ:ATVI) and other gaming companies for market share in the emerging esports field. This only scratches the surface of Tencent's influence. * The 10 Best Stocks for 2019 -- So Far Due to its reach and growth, Tencent's size impact has become too large to ignore. Even with the growth, the forward P/E stands at about 23.5. While its P/E stands well above S&P 500's average, it has reached a tiny fraction of the P/E where Amazon (NASDAQ:AMZN) trades.Given the lower P/E relative to earnings growth and its position in the emerging Chinese market, TCEHY should serve as one of the best OTC stocks to buy despite its size.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow him on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Retailers Including Disney Agree to Ditch On-Call Scheduling * The 10 Best Stocks for 2019 -- So Far * 7 Small-Cap ETFs to Buy Now Compare Brokers The post 4 of the Best OTC Stocks to Buy for Future Growth appeared first on InvestorPlace.
- Benzinga•15 days ago
As Nokia Signs 5G Agreements, A Look At The Companies Adopting The Next-Gen Technology
Nokia Corporation (NYSE: NOK ) said Monday it now has more than 40 commercial agreements with the companies building 5G networks as it seeks to be a top player in the behind-the-scenes work to create the ...
- Bloomberg•15 days ago
SoftBank Gets $11 Billion From Selling Just Part of Its Huge Alibaba Stake
Masayoshi Son’s investment giant said Tuesday it had fulfilled a deal unveiled in 2016, delivering 73 million American Depositary Shares in the online mall operator as agreed to under a forward sale contract. SoftBank, Alibaba’s biggest shareholder, was selling shares in the Chinese company for the first time in 16 years as it looked to strengthen its balance sheet and step up investments in startups. Son opted for the extremely complex transaction -- rather than, say, just selling Alibaba shares -- so that he could retain some upside if the stock rose while realizing gains.
- Reuters•16 days ago
Nikkei tumbles on global slowdown worries; SoftBank Group, exporters weigh
Japanese stocks hit the skids on Monday as investors fretted about the rising risks to global and domestic growth from a potentially protracted and widening tariff war between the United States and its major trading partners. Index-heavy SoftBank Group Corp tumbled 6.2% after the Wall Street Journal reported that the company's bid to raise a second mega fund has met with a chilly reception from some of the world's biggest money managers. A senior Chinese official said on Sunday that the United States cannot use pressure to force a trade deal on China, refusing to be drawn on whether the leaders of the two countries would meet at the G20 summit to bash out an agreement.
- TechCrunch•16 days ago
Key Vision Fund investors are reportedly lukewarm on a second fund
SoftBank shook up the venture capital world with its unprecedented $100billion Vision Fund, and the speculation continues around its follow-up
Bloomberg•16 days agoMasa Finds Not Everyone Shares His Vision
Some money managers, from sovereign wealth funds to pension funds, plan to make limited or no contributions to the SoftBank Vision Fund II, the Wall Street Journal reported, citing people familiar with the matter. Investors see better choices out there, with many of the biggest funds already having established programs to invest directly in late-stage startups, according to the Journal.
