Daily BriefsJapan

Japan: Softbank Group and more

In today’s briefing:

  • Softbank Group – A Strong Dollar Is Good News with 87% of Assets Overseas

Softbank Group – A Strong Dollar Is Good News with 87% of Assets Overseas

By Kirk Boodry

  • Shares are now up 1% in the quarter despite investment losses as 87% of assets are US$-linked
  • A recovery for Alibaba, reports of ARM monetization and the $2bn sale of its stake in Cruise has eased leverage concerns with LTV back to 22% and CDS prices falling
  • This report includes detail on Softbank dollar exposure, calculations for LTV on a quarterly and daily basis and updates to our usual NAV discount/VF performance tables

Before it’s here, it’s on Smartkarma