binance left Huobi Global Coinmarketcap net_left Phương Thức Thanh Toán

SoftBank seen posting bruising Vision Fund loss on tech sell-off

09 Tháng Năm 2022
SoftBank seen posting bruising Vision Fund loss on tech sell-off © Reuters. FILE PHOTO: SoftBank Corp's logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon

By Sam Nussey

TOKYO (Reuters) - Japan's SoftBank Group Corp is set to report a bruising loss at its Vision Fund investment unit on Thursday, analysts said, after investors sold off the high-growth stocks favoured by the fund with questions about their earnings potential.

With the technology investor poised to post full-year earnings, comments from founder and Chief Executive Masayoshi Son about his risk appetite amid rising interest rates and war in Ukraine will also be in focus.

SoftBank has suffered a slump in its China tech assets and saw shares slide in January-March in top portfolio firms DiDi Global Inc, Grab Holdings Ltd and Coupang Inc.

The conglomerate is also likely to book losses on its unlisted portfolio, analysts said, as weakness in public markets feeds through to private valuations.

"It's hard to see that they can come out of this quarter without writing down private assets," said Redex Research analyst Kirk Boodry, who expects Vision Fund to book its deepest-ever loss.

"They might do the same thing they did two years ago and just kitchen sink stuff because they know that markets have built in a bad quarter," Boodry said.

The Vision Fund unit posted an $8.9 billion investment loss in the second quarter before bouncing back to an $850 million gain in the third, helped by gains in its private portfolio.

Vision Fund investment gains/losses https://graphics.reuters.com/HEALTH-CORONAVIRUS/xmvjoywjxpr/chart.png

The unit's $100 billion Vision Fund specialises in big bets on late-stage tech startups, many of which have successfully gone public but are now trading below listing prices.

The $50 billion Vision Fund 2 has invested smaller amounts but has faced high prices for private assets as well as competition from rivals such as Tiger Global, with falling portfolio valuations also squeezing SoftBank's financial leeway.

Lack of visibility on the second fund's portfolio and underperformance of listed assets means the fund is yet to catalyse an upward reevaluation of SoftBank's shares, which trade at a discount to the value of group assets.

SoftBank is prioritising investing through Vision Fund and has wound down its SB Northstar trading arm which racked up personal losses for Son with bets on derivatives and listed stocks such as Amazon.com Inc (NASDAQ:AMZN) and Facebook (NASDAQ:FB), now Meta Platforms Inc.

"We believe investment returns from other funds were also weak, including the Latin American fund and SB Northstar," Citigroup (NYSE:C) analyst Mitsunobu Tsuruo wrote in a client note.

SoftBank had around $35 billion in dry powder at December-end and has sold down assets including Coupang and T-Mobile US (NASDAQ:TMUS) Inc. SoftBank's shares, underpinned by a 1 trillion yen buyback programme, are down 8% year-to-date.

The jewel in Son's investing crown, his stake in Alibaba (NYSE:BABA) Group Holding Ltd, is worth around $60 billion after the Chinese e-commerce firm lost about two-thirds of its value since late 2020.

SoftBank is pushing ahead with plans to list chip designer Arm following the collapse of a sale to Nvidia (NASDAQ:NVDA) Corp in an initial public offering that could value the company at as much as $60 billion, Reuters has reported.

($1 = 130.5500 yen)

Để lại bình luận
Hot Auto Trade Bot ig right nyse right Neteller Phương Thức Thanh Toán
BROKERS ĐƯỢC CẤP PHÉP
rakuten_main right top net_home_top Ai VIF Binance _ main right top fbs_main right top tifia_main right top
24-05-2022 00:54:00 (UTC+7)

EUR/USD

1.0685

+0.0125 (+1.18%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (4)

Sell (6)

EUR/USD

1.0685

+0.0125 (+1.18%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (4)

Sell (6)

GBP/USD

1.2572

+0.0085 (+0.68%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (3)

Sell (2)

USD/JPY

127.81

-0.04 (-0.04%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (0)

AUD/USD

0.7101

+0.0068 (+0.97%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (2)

Sell (6)

USD/CAD

1.2792

-0.0044 (-0.34%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (8)

EUR/JPY

136.56

+1.55 (+1.15%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

EUR/CHF

1.0324

+0.0029 (+0.28%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (3)

Gold Futures

1,850.95

+8.85 (+0.48%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Silver Futures

21.769

+0.095 (+0.44%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (1)

Copper Futures

4.3323

+0.0573 (+1.34%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

Crude Oil WTI Futures

109.92

-0.36 (-0.33%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Brent Oil Futures

110.25

+0.26 (+0.24%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

Natural Gas Futures

8.717

+0.539 (+6.59%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

US Coffee C Futures

215.58

-0.27 (-0.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Euro Stoxx 50

3,708.39

+51.36 (+1.40%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

S&P 500

3,967.73

+66.37 (+1.70%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (1)

DAX

14,175.40

+193.49 (+1.38%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

FTSE 100

7,513.44

+123.46 (+1.67%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Hang Seng

20,470.06

-247.18 (-1.19%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (4)

US Small Cap 2000

1,792.10

+23.75 (+1.34%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (0)

IBEX 35

8,625.80

+141.30 (+1.67%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

BASF SE NA O.N.

49.735

+0.885 (+1.81%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Bayer AG NA

64.47

+0.73 (+1.15%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

Allianz SE VNA O.N.

199.38

+3.80 (+1.94%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

Adidas AG

175.48

+2.68 (+1.55%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Deutsche Lufthansa AG

6.903

+0.051 (+0.74%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (3)

Siemens AG Class N

116.70

+1.62 (+1.41%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (1)

Deutsche Bank AG

10.018

+0.656 (+7.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

 EUR/USD1.0685Neutral
 GBP/USD1.2572↑ Buy
 USD/JPY127.81↑ Buy
 AUD/USD0.7101↑ Sell
 USD/CAD1.2792↑ Sell
 EUR/JPY136.56↑ Buy
 EUR/CHF1.0324Neutral
 Gold1,850.95↑ Buy
 Silver21.769↑ Buy
 Copper4.3323↑ Buy
 Crude Oil WTI109.92↑ Sell
 Brent Oil110.25↑ Sell
 Natural Gas8.717↑ Buy
 US Coffee C215.58↑ Buy
 Euro Stoxx 503,708.39↑ Buy
 S&P 5003,967.73↑ Buy
 DAX14,175.40↑ Buy
 FTSE 1007,513.44↑ Buy
 Hang Seng20,470.06Neutral
 Small Cap 20001,792.10↑ Buy
 IBEX 358,625.80↑ Buy
 BASF49.735↑ Buy
 Bayer64.47↑ Buy
 Allianz199.38↑ Buy
 Adidas175.48↑ Buy
 Lufthansa6.903Neutral
 Siemens AG116.70↑ Buy
 Deutsche Bank AG10.018↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,890/ 6,990
(0/ 0) # 1,765
SJC HCM6,905/ 6,995
(0/ 0) # 1,769
SJC Hanoi6,905/ 6,997
(0/ 0) # 1,771
SJC Danang6,905/ 6,997
(0/ 0) # 1,771
SJC Nhatrang6,905/ 6,997
(0/ 0) # 1,771
SJC Cantho6,905/ 6,997
(0/ 0) # 1,771
Cập nhật 24-05-2022 00:54:02
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,852.05+6.230.34%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V31.25031.870
RON 95-III30.65031.260
E5 RON 92-II29.63030.220
DO 0.05S25.55026.060
DO 0,001S-V26.35026.870
Dầu hỏa 2-K24.40024.880
ↂ Giá dầu thô thế giới
WTI$109.52+0.180.16%
Brent$110.80-0.26-0.24%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.005,0023.315,00
EUR23.899,8625.238,69
GBP28.277,1029.483,51
JPY176,47186,83
KRW15,8019,25
Cập nhật lúc 18:52:02 23/05/2022
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right Phương Thức Thanh Toán