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Daiwa Securities Group Inc.: Semiannual update

Our credit view of Daiwa, reflecting its adequate level of liquidity and funding to support its mainly domestic business, which is low risk but highly levered, with moderate profitability.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • John Betz

Vermilion Int'l Compass: Global Equity Strategy

Big-picture technicals offer a compelling outlook for equities -- in the long-run. Despite arguably stretched trends, especially in the U.S. and EM, one indicator in particular keeps us optimistic: monthly charts. What is likely the least-used timeframe, monthly charts (> 20 years) offer the most clarity. And what's clear right now is: (1) Europe is on the doorstep of breaking above secular resistance; (2) Japan is breaking out above secular resistance; (3) and EM already has. Speaking of EM, w...

ACA CREDIT AGRICOLE SA
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BMW BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT
GALP GALP ENERGIA SGPS SA CLASS B
ILMN ILLUMINA INC.
ADS ADIDAS AG
MC LVMH MOET HENNESSY LOUIS VUITTON SE
TRV TRAVELERS COMPANIES INC.
C CITIGROUP INC.
SWMA SWEDISH MATCH AB
DAI DAIMLER AG
VRTX VERTEX PHARMACEUTICALS INCORPORATED
UGR ULTRAPAR PARTICIPACOES S/A ADS
TSN TYSON FOODS INC. CLASS A
TSLA TESLA INC
TM.N TOYOTA MOTOR ADS
PRGO PERRIGO CO. PLC
PBR.N PETROLEO BRASILEIRO S/A ADS
OKE ONEOK INC.
NCLH NORWEGIAN CRUISE LINE HOLDINGS LTD.
MTD METTLER-TOLEDO INTERNATIONAL INC.
IDXX IDEXX LABORATORIES INC.
HUM HUMANA INC.
HRL HORMEL FOODS CORPORATION
GS GOLDMAN SACHS GROUP INC.
GPS GAP INC.
GPC GENUINE PARTS COMPANY
EOG EOG RESOURCES INC.
OVINTIV INC
CVS CVS HEALTH CORPORATION
COST COSTCO WHOLESALE CORPORATION
COG CABOT OIL & GAS CORPORATION
CHK CHESAPEAKE ENERGY CORPORATION
BMY BRISTOL-MYERS SQUIBB COMPANY
AMG AFFILIATED MANAGERS GROUP INC.
ALGN ALIGN TECHNOLOGY INC.
TSCON TESCO PLC
ALV ALLIANZ SE
ORG ORIGIN ENERGY LIMITED
HUSKF HUSKY ENERGY INC.
BARC BARCLAYS PLC
MG/CN MAGNA INTERNATIONAL INC.
8601 DAIWA SECURITIES GROUP INC.
8591 ORIX CORP.
00883 CNOOC LIMITED
SAB BANCO DE SABADELL SA
GRF GRIFOLS S.A. CLASS A
MCK MCKESSON CORPORATION
ATD.B ALIMENTATION COUCHE-TARD INC. CLASS B
GIL. GILDAN ACTIVEWEAR INC.
CSL CSL LIMITED
COH COCHLEAR LIMITED
6752 PANASONIC CORPORATION
6869 SYSMEX CORPORATION
00027 GALAXY ENTERTAINMENT GROUP LIMITED
7731 NIKON CORP.
4502 TAKEDA PHARMACEUTICAL CO. LTD.
CCL CARNIVAL CORPORATION
HMCn HONDA MOTOR ADS
SAN BANCO SANTANDER S.A.
WMB WILLIAMS COMPANIES INC.
1398 INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED CLASS H
0386 CHINA PETROLEUM & CHEMICAL CORPORATION CLASS H
8267 AEON CO.
9983 LTD.
8604 FAST RETAILING CO.
2267 LTD.
NKE NOMURA HOLDINGS
GM INC.
CNG YAKULT HONSHA CO.
LTD.
NIKE
INC.
GENERAL MOTORS COMPANY
CANADIAN MINING CORP
Please Change Name Raymond Mark Spencer
  • Please Change Name Raymond Mark Spencer

Daiwa Securities Group Inc.: Daiwa's investment in a new fintech ventu...

FINANCIAL INSTITUTIONS ISSUER COMMENT 9 November 2017 What is  Moody’s Credit Outlook ? Published every Monday and Thursday morning, Moody's Credit Outlook informs our research clients of the credit implications of current events. Contacts Raymond Mark Spencer +81.3.5408.4051 Senior Vice President [email protected] Yuri Nishizaki +81.3.5408.4048 Associate Analyst yuri.nishizaki@

Please Change Name Yuri Nishizaki
  • Please Change Name Yuri Nishizaki

Daiwa Securities Group Inc.: Key Facts and Statistics - Q1 March 201...

FINANCIAL INSTITUTIONS ISSUER PROFILE 1 November 2017 TABLE OF CONTENTS Company overview 1 Financial highlights 2 Business description 3 Distribution channels 4 Ownership structure 4 Subsidiaries 5 Company management 6 Company history 7 Peer Group

Please Change Name Raymond Mark Spencer
  • Please Change Name Raymond Mark Spencer

Daiwa Securities Group Inc.: Semiannual update

FINANCIAL INSTITUTIONS CREDIT OPINION 25 August 2017 Update Contacts Raymond Mark Spencer 81-3-5408-4051 Senior Vice President Moody’s Japan K.K. [email protected] Shunsaku Sato 81-3-5408-4159 VP-Sr Credit Officer Moody’s Japan K.K. [email protected] Graeme Knowd 81-3-5408-4149 MD-Banking Moody’s Japan K.K. [email protected] CLIENT SERVICES

Please Change Name Spencer ... (+2)
  • Please Change Name Spencer
  • Raymond Mark

Daiwa's Acquisitions of Sagent Advisors and Signal Hill Are Credit Pos...

    ISSUER COMMENT  BANKING   AUGUST 3, 2017    What is Moody’s Credit Outlook?   Published every Monday and Thursday  morning, Moody's  Credit Outlook  informs  our research clients of the credit  implications of current events.   Daiwa’s Acqui

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