Sale of Kabu and Jibun Stakes Would Aid Flexibility of MUFG Internet Strategy Without Giving Up Much
The Nikkei reported that Mitsubishi UFJ Financial Group, or MUFG, is holding negotiations to sell some of its stakes in Internet brokerage kabu.com and Internet-only bank Jibun Bank to mobile carrier KDDI. If these sales to KDDI take place, they would not affect our fair value estimate for MUFG, which remains JPY 797, 0.64 times book value and 38% above yesterday's closing price.Kabu.com generates about 0.4% of MUFG's total net profit and 10% of the net profit of Mitsubishi UFJ Securities Holdi...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.