Stock Pick of the Week with Momentum Securities: 15 April - SoftBank Group
Momentum’s leading stockbroking division – Momentum Securities – will be bringing you their Stock Pick of the Week, each week on a Wednesday or Thursday. The stock pick motivation is available as written content and a downloadable video and audio clip.
This week’s pick: SoftBank Group
About: SoftBank Group Corp. is a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo. SoftBank owns stakes in many technology, energy, and financial companies. SoftBank currently conducts business under several major segments including domestic telecommunications, Sprint, Yahoo Japan, distribution and ARM segments.
CEO for Momentum Securities, Steven Schultz shares his insight on SoftBank Group.
Click here to download:
• the audio clip
• the video clip.
Our international stock pick for this week is the (at times) controversial SoftBank Group. SoftBank is a Japanese multinational conglomerate headquartered in Minato, Tokyo.
It is essentially a holding company which owns stakes in many technology, energy and financial companies. It also runs the Vision Fund, which is the world's largest technology focused venture capital fund, with over 100 billion U.S. dollars in capital under mandate.
SoftBank is currently ranked the 36th largest public company in the world and the second largest publicly traded company in Japan, after Toyota. Perhaps best known for its early stage investments in a number of very high profile technology companies, including the likes of Slack, ZhongAn Insurance, WeWork, Doordarsh and Uber.
It is also well known for its leadership by founder Masayoshi Son, a well-regarded and self-made entrepreneur in Asia. Which has interests in broadband, fixed line telecommunications, e-commerce, technology, services, finance and media, amongst many other disciplines.
SoftBank currently has a net asset value of ¥12 705 (R1,672) and is currently traded at a price of ¥8 060 (R1,060), that's reflecting a 37% discount to net asset value, which is why we currently hold SoftBank in the Momentum Securities Global Sharia Equity Fund.
