100s of titles, one news app for just $10 a month.
Dive Deeper:
SoftBank's Stock Picking Unit Suffers Colossal Losses Due To Tech Meltdown
Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son's controversial side venture SB Northstar, which focused on stock picking, just backfired, Bloomberg reports.…
WeWork-backer SoftBank posts record $20 billion loss as tech stocks plunge
The world’s biggest technology investor has lost a record $20.5 billion (£16.8 billion) as its bets turn sour.
SoftBank reports record $13 bn full-year net loss
Tokyo (AFP) - Japan's SoftBank Group on Thursday logged a record annual net loss after a bruising period that saw…
SoftBank reports record $13 billion loss as tech shares tank
Tokyo (AFP) - Japanese investment giant SoftBank Group on Thursday logged a record annual net loss after a bruising year…
One subscription that gives you access to news from hundreds of sites
Japan's SoftBank sinks to losses as investments sour
Japanese technology company SoftBank Group has dropped into losses as the value of its investments declines
SoftBank reports $13 billion annual loss, hit by tech-share slump
Japanese technology investor sees worst result in its four-decade history
Get all your news in one place
Latest Business news:
Bitcoin Recovers After Longest Run of Weekly Losses Since 2011
Bitcoin recovered to trade just above the $30,000 level where it’s been mostly hovering since the collapse of the TerraUSD…
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
How to Make Money (or Even Get Rich) During a Stock Market Crash
A crash creates buying opportunities if you can develop the right mindset.
HSBC suspends head of responsible investing who called climate warnings ‘shrill’
Bank investigating Stuart Kirk’s conference speech deriding flooding risks and climate warnings from UN and Bank of England
Former NAB manager quizzed on Star scheme
A former NAB employee has told an inquiry into Star Entertainment Group's Sydney casino he had no knowledge of a…
After $5 Trillion Rout, Emerging Markets Seek Turnaround Signal
The wreckage of a $5 trillion rout in emerging markets is starting to look like a buying opportunity to some…
From analysis to good news, read the world’s best news in one place
New Zealand PM Ardern to visit U.S. to boost exports, lure tourists
New Zealand Prime Minister Jacinda Ardern will visit the United States this week in a bid to boost exports and…
Rod Sims says Facebook should be forced to negotiate with SBS under news media bargaining code
Despite dozens of deals to pay Australian news publishers for content, social media company has left out SBS and the…

CLSA Expects SoftBank To Focus More On Buybacks Than High Growth Stocks Like Alibaba

By Anusuya Lahiri
  • Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) may, for the first time, spend more on share buybacks than investments through its landmark Vision Fund as the firm goes into "defense" mode, according to CLSA's Oliver Matthew.
  • "I think that the comments yesterday from Masayoshi Son made it very clear we're in defense round two," Matthew said. "They started defense round one when they saw Covid they started selling off some of their less core assets."
  • The firm's Vision Fund invests in high growth stocks ranging from Chinese tech giants like Alibaba Group Holding Limited (NYSE:BABA) and DiDi Global Inc (NYSE:DIDI) to South Korean e-commerce firm Coupang, Inc (NYSE:CPNG).
  • "I actually think it's possible for maybe the first time we see them spending more on their own share buybacks than they do in new investments in Vision Fund 2," said Matthew. 
  • In November, SoftBank declared plans to buy back up to one trillion yen ($7.77 billion) of its shares.
  • SoftBank posted a record $27 billion loss in its Vision Fund due to the tech meltdown in recent months.
  • Founder Masayoshi Son opted for "defense" mode due to myriad headwinds that have roiled global markets, from inflation fears to the U.S. Fed rate hike. 
  • Higher interest rates make the growth stocks like techs' future earnings appear less attractive.
  • Price Action: SFTBY shares traded higher by 15.71% at $19.72 on the last check Friday.
What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.

Dive Deeper:
SoftBank's Stock Picking Unit Suffers Colossal Losses Due To Tech Meltdown
Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son's controversial side venture SB Northstar, which focused on stock picking, just backfired, Bloomberg reports.…
WeWork-backer SoftBank posts record $20 billion loss as tech stocks plunge
The world’s biggest technology investor has lost a record $20.5 billion (£16.8 billion) as its bets turn sour.
SoftBank reports record $13 bn full-year net loss
Tokyo (AFP) - Japan's SoftBank Group on Thursday logged a record annual net loss after a bruising period that saw…
SoftBank reports record $13 billion loss as tech shares tank
Tokyo (AFP) - Japanese investment giant SoftBank Group on Thursday logged a record annual net loss after a bruising year…
One subscription that gives you access to news from hundreds of sites
Japan's SoftBank sinks to losses as investments sour
Japanese technology company SoftBank Group has dropped into losses as the value of its investments declines
SoftBank reports $13 billion annual loss, hit by tech-share slump
Japanese technology investor sees worst result in its four-decade history
Get all your news in one place