SoftBank seen returning to loss in Q4 despite tech stock strength
TOKYO - Japanese technology investor SoftBank Group is expected to slip back into the red when it reports earnings on Monday despite technology stocks including Arm Holdings , but Arm's share price does not feed into SoftBank's profit as it is a subsidiary.) rose but DiDi Global and Grab Holdings fell. The initial public offering market remained subdued, leaving analysts uncertain of the monetisation prospects for SoftBank's portfolio of unlisted tech startups.
SoftBank's management has said it is ready to make new growth investments but has stressed it will adopt a cautious approach. SoftBank could fund up to $30 billion by combining its liquidity at hand as of the end of 2023, the proceeds of bonds issued in March and by negotiating a margin loan on its Arm stake, according to calculations by Nomura Securities credit analyst Shogo Tono.
Investors were disappointed by Arm's annual revenue forecast at its quarterly earnings on Wednesday, sending its shares tumbling up to 8.5% the following day and underlining the risk of a major rerating.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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