Softbank Group (9984 JP) –Vision and LatAm Funds Take Another USD10bn Valuation Hit in 2Q 22

Softbank Group (9984 JP) –The Masa Hurdles

Softbank Group - China Rebound Has Helped After End-Of-Buyback Hangover

Softbank Group - Another China Shock as Markets Fret over Macro Environment

Softbank Group - The Most Important Number in Q2 Results May Be ARM Royalty Revenue

Softbank Group - Accelerated Buyback in October Drove Share Price Surge

A Bull Investment Case for TSMC (Summary Version)

Telco/Internet specialist

Kirk Boodry

Redex Research

Equity Bottom-Up

<ul>
<li>Alibaba driven gains largely offset record losses from Q1 although this has been widely expected as were updates on the timing of ARM's IPO from FY22 (Mar23) to calendar 2023</li>
<li>With Q2 losses, Vision Fund is clearly in the red for the first time since Q4 19 driven by downside for both public and private investments</li>
<li>Buybacks are over and what appears to be renewed macro enthusiasm is offset by a stronger yen and a low discount to NAV</li>
</ul>


Alibaba driven gains largely offset record losses from Q1 although this has been widely expected as were updates on the timing of ARM's IPO from FY22 (Mar23) to calendar 2023
With Q2 losses, Vision Fund is clearly in the red for the first time since Q4 19 driven by downside for both public and private investments
Buybacks are over and what appears to be renewed macro enthusiasm is offset by a stronger yen and a low discount to NAV


Softbank Group Q2 22 Results Reaction: Alibaba Gains Offset VF Losses but Buybacks Over