SoftBank Action Forum

Asian stock markets mixed

The Asian markets are mixed ahead of the upcoming quarterly figures of the major US technology companies. In Japan, the leading Nikkei index rose despite political uncertainty following the ruling party's loss of majority, while the Chinese stock exchanges came under pressure. The Shanghai stock exchange lost 0.6% to 3300.52 points. The index of the most important companies in Shanghai and Shenzhen fell by 0.6% to 3940.23 points. In Tokyo, the Nikkei index, which comprises 225 stocks, rose by 0.7% to 38,872.30 points, while the broader Topix was up 0.9% at 2681.40 points. Positive company figures and price gains on Wall Street supported sentiment. "Share prices have already fallen far enough that there should now be a revaluation," said Kenji Abe from investment bank Daiwa Securities. Technology stocks such as the investor specializing in artificial intelligence $9434 (+1,51 %) SoftBank, which specializes in artificial intelligence, rose by 2.2%, the chip tester manufacturer $6857 (-1,69 %) Advantest by 1.5%.

Attention is now turning to the upcoming quarterly figures of major technology groups such as $GOOGL (-0,6 %)
$GOOG (-0,66 %) Alphabet, $META (+0,4 %) Meta and $MSFT (+0,15 %) Microsoft. "The results of the Magnificent Seven will set the tone this week," said one trader. Alphabet, the parent company of Google, will open the round of tech giants on Tuesday, followed by Facebook parent Meta Platforms and Microsoft on Wednesday and $AAPL (+0,65 %) Apple and $AMZN (-0,02 %) Amazon on Thursday.

• FuW, 29.10.2024

The state-owned subway company Tokyo Metro 🇯🇵 is expected to go into operation on 23. October on the stock exchange.

The price range per share has been set at 1100 to 1200 yen (approx. 6.70 to 7.30 euros), which suggests proceeds of up to 2.1 billion euros.

The Japanese government and the city of Tokyo want to jointly acquire a 50-percent stake.

It would be Japan's largest IPO since 2018 - when Softbank
$9434 (+1,51 %) went public on the stock exchange.

📈 Furious start to 2024 for the $XDJP 🇯🇵

The Nikkei 225 index rose by 13.5% in the first seven trading weeks of the current year and things are also looking very good for Japanese quality stocks in the near future (e.g. $6758 (+9,38 %)
$8058 (-1,27 %)
$9434 (+1,51 %) ) are looking very good.

Hier die ZusammenfassungWhy Japanese shares are particularly interesting at the moment

A number of positive factors such as robust GDP growth and investments in the semiconductor industry have already supported the index in the first two months. In addition, the hype surrounding artificial intelligence is also boosting the market there, while improved corporate governance and share buybacks are strengthening investor confidence. (1)

Despite a temporary dip in the Japanese economy in the second half of 2023, GDP growth should continue to surprise on the upside. More on this from paragraph 3 of the Artikels.

How can you participate now?

The SG Japan Quality Income Index (Fig. 1) would be one way to participate specifically in the performance of Japanese quality companies. It comprises 60 companies that have been selected on the basis of good financial ratios and their dividend strength, among other factors.

If Japanese dividend stocks were not perfect for reducing the US overrepresentation in the portfolio (as @PowerWordChill
it would do🌚) ?

More information on the index selection process:

https://www.ideas-magazin.de/2024/ausgabe-263/titelthema/

(1)Section "Corporate governance and other drivers"

(3) ibid. "Japanese economy with dip in the second half of 2023"

#dividend

#Japan

#finanzen

#marktausblick

#finance 📊

This article is part of an advertising partnership with Societe Generale

More good news for $SAND/EUR (+3,95 %). Investors from Softbank ($3AG1 (+1,51 %))have invested $93 million in the NFT gaming platform.

Grade favorable

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗢𝗣𝗘𝗖 𝗯𝗹𝗲𝗶𝗯𝘁 𝗵𝗮𝗿𝘁 / 𝗧𝗲𝗹𝗲𝗸𝗼𝗺 𝗗𝘂𝗺𝗽 / 𝗘𝗹𝗼𝗻 𝘁𝗵𝗲 𝗗𝗼𝗴𝗲𝗳𝗮𝘁𝗵𝗲𝗿

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

Unfortunately, there are no interesting ex-dates to report today.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, Levi's ($LV2B (-0,32 %)) presents its figures after the US market close.

𝗜𝗣𝗢𝘀 🔔

𝗚𝗹𝗼𝗯𝗮𝗹𝗳𝗼𝘂𝗻𝗱𝗿𝗶𝗲𝘀 - The chip manufacturer that emerged from processor manufacturer AMD ($AMD (-0,12 %)) emerged chip manufacturer actually planned only in the coming year the IPO. Now, however, the company announced that the positive market situations will be used and the IPO will be moved forward. Last year, GlobalFoundries reported revenue of $4.85 billion and a loss of $1.35 billion. In the first half of 2021, it said revenue grew another 13 percent. Currently, GlobalFoundries is wholly owned by investment fund Mubadala, which is based in Abu Dhabi. As Mubadala explained, the fund intends to keep a substantial stake in the company even after the IPO, which has put paid to rumors that possibly Intel ($INL (+0,53 %)) was planning to take over GlobalFoundries.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

𝗚𝗼𝗹𝗱𝗺𝗮𝗻 𝗦𝗮𝗰𝗵𝘀 ($GOS (+2,22 %)) - According to Handelsblatt, the U.S. investment bank sold 91 million Telekom ($DTE (+0,79 %)) shares on the market overnight, raising 1.54 billion euros. The deal is part of a derivatives transaction between the U.S. bank and technology investor Softbank ($3AG1 (+1,51 %)). Softbank recently raised 225 million Telekom shares, which it must hold until the end of 2024. Part of this is now being used as collateral in a deal with Goldman Sachs. This does not change Softbank's stake in Telekom.

𝗢𝗣𝗘𝗖 - Despite the sharp rise in oil prices, the OPEC+ countries want to continue to produce little oil in the future. According to a message from the OPEC states, production will be raised by 400,000 barrels per day in November. As justification a possible fourth Corona wave is cited.

The prices rise further, because with a view of the winter months an end of the demand is not in view.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

𝗦𝗵𝗶𝗯𝗮 𝗜𝗻𝘂 - The meme coin successor to Dogecoin ($DOGE-USD (+1,96 %)) has caused quite a stir in recent days with huge price increases. With a current market capitalization of $9.3 billion, SHIB's price has grown 215 percent in the past 7 days. Currently, the coin is ranked 18th among the largest cryptocurrencies. The reason for this rapid price increase is not directly apparent. However, a partial reason could be, once again, a tweet by Tesla ($TL0 (+9,97 %)) founder Elon Musk. He posted a photo of his dog Floki, a Shiba Inu, sitting in the trunk of his Tesla. We have attached the picture for you below. Shortly after the tweet appeared, SHIB's share price shot up.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗔𝗹𝗹𝗶𝗮𝗻𝘇 𝗯𝗮𝘂𝘁 𝗖𝗮𝘀𝗵 𝗕𝗲𝘀𝘁𝗮𝗻𝗱 𝗮𝘂𝘀 / 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝘀𝘁𝗲𝗶𝗴𝘁 / 𝗧𝘄𝗶𝘁𝘁𝗲𝗿 𝗺𝗶𝘁 𝗡𝗙𝗧-𝗩𝗲𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

Today is ex-date for Axis Capital ($AXS (+2,94 %)), Globe Life ($GL (+1,23 %)), and Telefonica Brasil ($TSP).

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Unfortunately, Friday does not hold any exciting quarterly figures.

𝗜𝗣𝗢𝘀 🔔

Oyo - The SoftBank ($3AG1 (+1,51 %)) financed, Indian hotel chain is planning an IPO soon. Expectations for the capital increase through the IPO are very high. The plan is to raise nearly $1.2 billion. It said it would use the proceeds from the IPO to settle existing debt and fund growth, which could include mergers and acquisitions. In 2019, the company reported revenue of $951 million and a loss of $335 million. India, Indonesia, Malaysia and Europe are the company's core markets, according to its own statements, in which it primarily intends to grow further in the future.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Inflation - Inflation in the euro zone rose to 3.4%, estimated to rise to 3.3%. This is the highest level in 13 years. This is the third consecutive month that the inflation rate has been above the ECB's target. One of the main reasons for the increase is energy prices. If you exclude the main drivers food and energy prices, inflation is still at 1.9%, after it was still at 1.6% in August.

The DAX fell sharply today and broke through the 15,000-point mark.

Allianz ($ALV (-0,71 %)) - The Munich-based company was able to transfer a legacy portfolio of Swiss life insurance policies to reinsurer Resolution Re. This will provide Allianz with a financial boost worth billions of euros, which should help protect against upcoming penalty payments.

In addition, Jacqueline Hunt, Member of the Board of Management for Asset Management and U.S. Life Insurance, has stepped down from her post early.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Twitter ($TWR) - The social media and news platform has been a central building block in terms of NFTs (Non-Fungible Tokens) and their uses for quite some time. In recent months, for example, more and more well-known personalities, such as Mike Tyson, Timmy Trumpet, Marshmello or Stephen Curry, changed their profile pictures into well-known NFTs (see picture). Predestined for the use as profile picture are especially avatar NFT projects like CryptoPunks, Bored Ape Yacht Club or Cool Cats. However, a big problem up to now was that anyone could change their profile picture on Twitter into an NFT, even if this person was not the "rightful" owner of the NFT. Twitter now wants to combat this by using a new feature to verify the authenticity of an NFT. NFTs that were actually purchased by the owner of the Twitter account are then marked with a seal accordingly. This increases the usability of NFTs even further and makes it even more attractive for people to invest in them.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗠𝗮𝗷𝗼𝗿𝗲𝗹 𝗜𝗣𝗢 / 𝗔𝗹𝗹𝗶𝗮𝗻𝘇 𝘃𝘀. 𝗕𝗮𝗳𝗶𝗻 / 𝗧𝗲𝗹𝗲𝗸𝗼𝗺 𝘀𝘁𝗼𝗰𝗸𝘁 𝗮𝘂𝗳

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

After an uneventful Monday, today will see Canadian National Railway ($CY2 (-1,27 %)), Guess ($GU9 (+0 %)) and Kohl's ($KHP (-3,85 %)) are trading ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today Dermapharm Holding ($DMP (+0,88 %)) and Partners Group ($P2H (-0,51 %)) will announce their quarterly figures.

𝗜𝗣𝗢𝘀 🔔

𝗕𝗲𝗿𝘁𝗲𝗹𝘀𝗺𝗮𝗻𝗻 - The call center operator and Bertelsmann subsidiary Majorel wants to go public.

The plan is to list on Amsterdam's Euronext stock exchange by the end of 2021. Currently, Bertelsmann and the Saham Group each hold a 50% stake in the company.

According to Bertelsmann CEO Thomas Rabe, Majorel increased revenues by 35% in the first half of 2021. The company operates on five continents and employs approximately 63,000 people in 31 countries.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

𝗔𝗹𝗹𝗶𝗮𝗻𝘇 ($ALV (-0,71 %))- Europe's largest insurance group cannot rest easy. In the U.S., the SEC and the Department of Justice are already investigating. Now, according to insiders, Bafin has also started investigations.

It is about a dispute between Allianz Global Investors (AGI) and investors of several hedge funds in the USA. The subject of the dispute is severe losses that AGI's "structured alpha funds" experienced during the Corona crash. As a result, investors are suing, seeking to claim losses of up to $6 billion.

According to Handelsblatt, Bafin is now investigating whether executives outside the fund division knew about or were involved in the events that led to the losses.

𝗧𝗲𝗹𝗲𝗸𝗼𝗺 - Deutsche Telekom ($DTE (+0,79 %)) has increased its stake in the U.S. subsidiary T-Mobile US ($TM5 (+2,34 %)) has been increased. The shares are partly acquired by the company itself and partly by Softbank ($3AG1 (+1,51 %)). This move brings Deutsche Telekom's stake from 43.2% to 48.4%.

The increase is made in cooperation with Softbank, which in return receives a capital increase of 4.5% in Telekom and now becomes the second-largest shareholder.

In addition, the services of Softbank's shareholdings will be offered via Telekom in the future.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

𝗘𝗹 𝗦𝗮𝗹𝘃𝗮𝗱𝗼𝗿 - as reported yesterday, bitcoin ($BTC-EUR (+0,4 %)) becomes a legal currency as of today.

In the past few weeks, 200 ATMs have been set up where US dollars can be exchanged for bitcoin.

However, not everyone is fond of the idea. There have been demonstrations for weeks. Pensioners in particular reject the cryptocurrency because they fear that their pensions will only be paid out in Bitcoin in the future. A crash like the one in 2017 would therefore be devastating.