SoftBank Group

SoftBank Group is a holding company. Domestic Telecommunications business provides mobile communication services, mobile devices, broadband services to retail customers, and telecom services to corporate customers in Japan. Sprint business provides mobile communication services and fixed-line telecommunication services in the U.S. Yahoo Japan business operates Internet-based advertising and e-commerce business. Distribution business distributes mobile devices overseas, and sells software and mobile device accessories in Japan. ARM business designs microprocessor intellectual property and related technology. SoftBank Vision Fund & Delta Fund business is engaged in the investment activities.
  • Ticker9984
  • ISINJP3436100006
  • SectorMobile Telecommunications
  • CountryJapan
Pierre FerraguÊ

Softbank: $41bn asset disposal/buyback program taking shape. Investment getting easier to read.

Pierre Ferragu

New Street: SoftBank Corp (9434) - Q4 19: Mixed; small DPS increase guided

Softbank Corp has reported a mixed set of Q4 figures, but not as strong as Q2/Q3. Growth slowed slightly, but revenues still beat expectations marginally, although EBIT was slightly light versus expectations.

Pierre FerraguÊ

Softbank: WeWork tender offer cancelled. Our take

New Street Research Analyst: Pierre Ferragu Email:

Pierre FerraguÊ

Our top 5 ideas in the sell-off – SoftBank Group

New Street Research Analyst: Pierre Ferragu Email:

Sumeet Singh

Alibaba’s Softbank Driven Placement

Softbank Group (9984 JP) announced yesterday that it would sell assets worth US$41bn in order to fund the repurchase of US$18bn worth of its own shares with the balance amount to be used for debt repayments. Given that the bulk of Softbank's assets and value rests in its 25.2% stake in Alibaba Group (BABA US) a placement over the next few months remains imminent. In this note, I'll take a look at the likely impact of the sale on Alibaba.

Pierre FerraguÊ

Softbank: $41bn asset disposal/buyback program taking shape. Investment getting easier to read.

Pierre Ferragu

New Street: SoftBank Corp (9434) - Q4 19: Mixed; small DPS increase guided

Softbank Corp has reported a mixed set of Q4 figures, but not as strong as Q2/Q3. Growth slowed slightly, but revenues still beat expectations marginally, although EBIT was slightly light versus expectations.

Pierre FerraguÊ

Softbank: WeWork tender offer cancelled. Our take

New Street Research Analyst: Pierre Ferragu Email:

Pierre FerraguÊ

Our top 5 ideas in the sell-off – SoftBank Group

New Street Research Analyst: Pierre Ferragu Email:

Sumeet Singh

Alibaba’s Softbank Driven Placement

Softbank Group (9984 JP) announced yesterday that it would sell assets worth US$41bn in order to fund the repurchase of US$18bn worth of its own shares with the balance amount to be used for debt repayments. Given that the bulk of Softbank's assets and value rests in its 25.2% stake in Alibaba Group (BABA US) a placement over the next few months remains imminent. In this note, I'll take a look at the likely impact of the sale on Alibaba.

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 06/11/2019 - Intesa Sanpaolo - EN

TP ICAP - Europe - Morning CreditUpdate 06/11/2019 - Intesa Sanpaolo - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 06/11/2019 - Intesa Sanpaolo - FR

Intesa SanPaolo (Achat) : RN en hausse de +9,9% à €3,3 mds (soit le niveau le plus élevé depuis 2008) sur les 9M-19 Hannover Re - 9M-19 : Résultat opérationnel de €1,4 md (+20,6%) Société Générale (Achat) - 9M-19 : RN de €2,6 mds (-24,5%) Casino (Achat CT, Conserver LT) : Lance son offre de rachat obligataire sur les souches 2020 Avis (Achat) - 9M-19 : EBITDA de $645m (+1%) Hertz Global Holdings (Vente) - 9M-19 : EBITDA de $595m (+54,9%) Orpea (Achat) : Relève son objectif pour 2019 et attend une croissance du CA de +9,2% Bureau ...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 23/10/2019 - Casino, BPER - Ubi Banca, Eramet- EN

Casino (O/P On Short Term Bonds, M/P On Long Term Bonds): Obtains New Secured Bank Loans, Downgrade Of Its Rating By Moody's BPER (O/P vs M/P) - UBI Banca (O/P): Rumours of A Merger Eramet (M/P): Confirms its Production Targets Softbank (M/P): $5bn Additional Funding Injected Into Wework Peugeot (O/P) - Q3-19: Revenues Up 1% To €15.6bn Crown European Holdings (M/P): Issued A €550m 3NLC 0.875% Bond Boston Scientific: 8Y Senior Unsecured Bond issue planned Akzo Nobel (M/P) - 9M19: EBITDA Of €1.0bn (+29%)

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 23/10/2019 - Casino, BPER - Ubi Banca, Eramet- FR

Casino (Achat souches courtes, Conserver souches longues) : Obtention de nouvelles lignes bancaires sécurisées, dégradation du rating par Moody’s BPER (Achat) – UBI Banca (Achat) : Rumeurs de fusion Eramet (Conserver) : Confirmation des objectifs de production SoftBank (Conserver) : Injection de fonds supplémentaires de $5 mds dans WeWork Peugeot (Achat) - T3-19 : CA de €15,6 mds en hausse de 1% Crown European Holdings (Conserver) : Emission d'une obligation de €550m 3NLC 0,875% Boston Scientific : Prévoit d’émettre une obligation senior...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 22/10/2019 - Teva - EN

TP ICAP - Europe - Morning CreditUpdate 22/10/2019 - Teva - EN

Chris Hoare ...
  • James Ratzer
  • Jonathan Chaplin
  • Russell Waller

Global TMT: US Telcos, INTEL, LatAm, TI, Softbank, VOD/IDEA, TCOL

Global TMT headlines: US Telcos; Recession Special: What To Buy And Sell If Everything Goes To $#*t. Intel (Buy): New CEO… and New Free Cash Flow? M&A, Malone and missing your moments (maybe). Telecom Italia (Buy): Formal consultation on NetCo spin underway. Softbank Group (Buy): Chances of a Buyback may be rising. VOD/IDEA (Sell) Cap raise & spectrum payments. Tele Columbus - CFO meeting. Neutral.

Alastair Jones

Global TMT: China Tower, VOD, JD, VIP, TALK, Softbank, MTS

Global TMT: China Tower, VOD, JD, VIP, TALK, Softbank, MTS Alastair Jones 9

James Ratzer

Global TMT: EQIX, DLR, AMAT, NVDA, TCENT, JD, CSCO

Global TMT: BT, LBTY, CMCSA, US Policy, SB KK, German specutrum, TI, AAPL, BHARTI James Ratzer 5

Alastair Jones

Global TMT: US Wireless, IFX, TI, Softbank, Vodacom, Global Towers

Global TMT: US Wireless, IFX, TI, Softbank, Vodacom, Global Towers For further details, please contact Alastair Jones on 9 or email , or Charlie Gaynor 1 or email {MSG CHARLIE GAYNOR }

Chris Hoare ...
  • Soomit Datta

Global TMT: CCI, AMX, DTAC, Digi, Softbank, TKA

Global TMT: CCI, AMX, DTAC, Digi, Softbank, TKA Chris Hoare 0 chris @newstreetresearch.com

Japan Systematic Ideas - 25 Oct

New Longs: 9984 JT, 6981 JT, 8308 JTNew Shorts: 6178 JT, 4324 JT

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