Senior Credit Analyst, Lucror Analytics

Trung Nguyen

Senior Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Credit

<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: Softbank Group</li>
<li>In the US, the FOMC has unanimously voted to maintain the Fed Funds target rate unchanged at 4.25-4.50%, in line with market expectations. In its statement, the FOMC noted that “uncertainty around the economic outlook has increased”, removing previous language that the risks to achieving employment and inflation goals are “roughly in balance”.</li>
<li>Meanwhile, the Fed dot plot showed that the US central bank's officials continue to see a median of two 25-bp rate cuts in 2025, two cuts in 2026 and one in 2027, with the long-run Fed funds rate unchanged at 3.0%.</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: Softbank Group
In the US, the FOMC has unanimously voted to maintain the Fed Funds target rate unchanged at 4.25-4.50%, in line with market expectations. In its statement, the FOMC noted that “uncertainty around the economic outlook has increased”, removing previous language that the risks to achieving employment and inflation goals are “roughly in balance”.
Meanwhile, the Fed dot plot showed that the US central bank's officials continue to see a median of two 25-bp rate cuts in 2025, two cuts in 2026 and one in 2027, with the long-run Fed funds rate unchanged at 3.0%.


Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

Equity Derivatives

<ul>
<li>
<a href="https://www.smartkarma.com/entities/softbank-group-corp" target="_blank" data-smartkarma-citation="entities:315:1" rel="noopener">Softbank Group (9984 JP)</a> has lost nearly 18% of its stock value since February 7th. <strong>The stock has been falling for 4 weeks, our model indicates a very oversold condition.</strong>
</li>
<li>SoftBank's has a number of strategic investments and initiatives that make it an attractive investment.</li>
<li>Below, we outline key fundamental factors that align with our quantitative model’s view, suggesting <strong>the stock is oversold and could be a compelling buy at its current price. </strong>
</li>
</ul>



Softbank Group (9984 JP) has lost nearly 18% of its stock value since February 7th. The stock has been falling for 4 weeks, our model indicates a very oversold condition.

SoftBank's has a number of strategic investments and initiatives that make it an attractive investment.
Below, we outline key fundamental factors that align with our quantitative model’s view, suggesting the stock is oversold and could be a compelling buy at its current price. 



Bottom Fishing: SoftBank (9984 JP) Looks Attractive After -18% Drop

Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

Equity Bottom-Up

<ul><li>Global capital flowing into Australian logistics market as it reaches turning point, attracting investments.</li><li>Japan REIT makes deals in Tokyo, buying Tokyo Tower for $120M and selling office block for $62M.</li><li>CapitaLand India Trust acquires Bengaluru offices for $170M after project funding, expanding its portfolio.</li></ul>

Global capital flowing into Australian logistics market as it reaches turning point, attracting investments.Japan REIT makes deals in Tokyo, buying Tokyo Tower for $120M and selling office block for $62M.CapitaLand India Trust acquires Bengaluru offices for $170M after project funding, expanding its portfolio.

Asia Real Estate Tracker (25-Feb-2025): Global capital flows boost Australian logistics market.

Independent in-depth research from Finimize, Finimize

Finimize Research

Independent in-depth research from Finimize

Finimize

Finimize is the #1 information platform for modern investors. We empower people to become smarter investors with bitesize insights from world-class analysts. 1 million+ strong community, 250 partners.

<ul>
<li>Softbank's investment in Arm, valued at around USD 148 billion, is its new NAV driver, after its 300% rally post its IPO.</li>
<li>Despite an ongoing share buyback and an LTV near 12.9%, Softbank is still trading around a 59% discount to its net asset value. </li>
<li>Softbank looks like a good proxy for investing in Arm and being long Softbank and Short Arm looks like reasonable risk/reward at current levels. </li>
</ul>


Softbank's investment in Arm, valued at around USD 148 billion, is its new NAV driver, after its 300% rally post its IPO.
Despite an ongoing share buyback and an LTV near 12.9%, Softbank is still trading around a 59% discount to its net asset value. 
Softbank looks like a good proxy for investing in Arm and being long Softbank and Short Arm looks like reasonable risk/reward at current levels. 


Softbank (9984) Is Trading Cheap, And That Could Be An Opportunity

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/jingdong-jd-industrials-inc" target="_blank" data-smartkarma-citation="entities:36875:1" rel="noopener">JD Industrials (7618 HK)</a> is now looking to raise up to US$421m, in its Hong Kong IPO.</li>
<li>JDI is a leading industrial supply chain technology and service provider in China in terms of GMV in each year during the Track Record Period, according to CIC.</li>
<li>We looked at the company’s past performance in our earlier notes. In this note, we talk about valuations.</li>
</ul>



JD Industrials (7618 HK) is now looking to raise up to US$421m, in its Hong Kong IPO.
JDI is a leading industrial supply chain technology and service provider in China in terms of GMV in each year during the Track Record Period, according to CIC.
We looked at the company’s past performance in our earlier notes. In this note, we talk about valuations.


JD Industrials IPO - Valuation Cut Means Its Priced to Go

Japan

SoftBank Group Corp. provides telecommunication services. The Company also operates ADSL (Asymmetric Digital Subscriber Line) and fiber optic high-speed Internet connection, e-Commerce businesses, and Internet based advertising and auction businesses.

Price Gauge
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Softbank Group (9984 JP)

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Softbank Group In the US, the FOMC has...

Lucror Analytics

Bottom Fishing: SoftBank (9984 JP) Looks Attractive After -18% Drop

Softbank Group's stock has dropped 18% since February 7th: our model indicates it is very oversold and could be a compelling bottom fishing...

Nico Rosti

Asia Real Estate Tracker (25-Feb-2025): Global capital flows boost Australian logistics market.

Major investments and partnerships in the logistics, real estate, and rental housing sectors across Australia, Tokyo, Bengaluru, Hong Kong, and...

Asia Real Estate Tracker

Softbank (9984) Is Trading Cheap, And That Could Be An Opportunity

Softbank Group is trading around a 59% discount to NAV. For exposure to the AI opportunity or to take advantage of elevated valuations of Arm...

Finimize Research

JD Industrials IPO - Valuation Cut Means Its Priced to Go

JD Industrials (7618 HK) is now looking to raise up to US$421m, in its Hong Kong IPO. In this note, we talk about valuations.

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Softbank Group In the US, the FOMC has...

Lucror Analytics

Bottom Fishing: SoftBank (9984 JP) Looks Attractive After -18% Drop

​Softbank Group's stock has dropped 18% since February 7th: our model indicates it is very oversold and could be a compelling bottom fishing...

Nico Rosti

Asia Real Estate Tracker (25-Feb-2025): Global capital flows boost Australian logistics market.

Major investments and partnerships in the logistics, real estate, and rental housing sectors across Australia, Tokyo, Bengaluru, Hong Kong, and...

Asia Real Estate Tracker

Softbank (9984) Is Trading Cheap, And That Could Be An Opportunity

Softbank Group is trading around a 59% discount to NAV. For exposure to the AI opportunity or to take advantage of elevated valuations of Arm...

Finimize Research

JD Industrials IPO - Valuation Cut Means Its Priced to Go

JD Industrials (7618 HK) is now looking to raise up to US$421m, in its Hong Kong IPO. In this note, we talk about valuations.

Sumeet Singh

Softbank Group's stock has dropped 18% since February 7th: our model indicates it is very oversold and could be a compelling bottom fishing...