Deny huge losses
A statement that caused tension between Softbank and its lenders.
Earlier, Softbank Group announced a record loss. According to the financial report of the first quarter of fiscal year 2022 (April-June), Softbank Group recorded a net loss of about 3. 16 trillion yen (about 24.5 billion US dollars), breaking the record of the largest single-quarter loss just set in the last quarter. In the same period last year, Softbank Group recorded a net profit of 762 billion yen.
Softbank group believes that the main reason for the huge loss is investment loss. Softbank Vision Fund, a subsidiary of the Group, suffered a loss of 2.33 trillion yen in the first quarter, and made a profit of 45193 million yen in the same period last year. Among them, the stocks with more losses are Coupang Company, Shangtang Technology, DoorDash, Ke Holdings Inc, Wework, etc.
Subsequently, Softbank Group announced that the board of directors agreed to settle up to 242 million Alibaba ADR (American Depositary Receipts) forward contracts, and the total transaction income is expected to reach 4.6 trillion yen (about 34 billion US dollars), and the shareholding ratio will drop to 65.438+04.6%.
Goto Fang Guang also refuted the statement that Softbank continued to record huge losses, which led to tension with lenders. Softbank originally sold Alibaba's shares in the form of a forward contract, but finally chose to settle in advance, which means that Softbank's shareholding in Alibaba will drop from 23.7% at the end of June to 14.6% when the settlement is completed in September. Goto Fangguang said that the early settlement was chosen to eliminate concerns that the group would need to use extra cash to buy back shares in the future.
Institutions began to copy Alibaba.
On August 15, HHLRAdvisors, a fund of Gaochun, announced the position of US stocks at the end of the second quarter of this year. Among them, Alibaba is the eighth largest awkward stock of HHLR. HHLRAdvisors cleared Alibaba in the fourth quarter of 20021and held positions again in the second quarter of 2022, buying 189 10000 shares at the bottom, with a market value of 215 million US dollars, making it the eighth largest stock held by it.
In addition, based on the analysis of 13F documents of 15 Asian asset management companies, it is concluded that the number of shares held by funds focusing on the Asian market has increased by 3 1 1%. These asset management companies hold at least $200 million in assets at the end of the quarter.
According to this statistic, as of the end of June, e-commerce, express delivery, solar energy companies and electric vehicle manufacturers constituted the 20 largest shareholding portfolios of these funds. Among them, the market value of JD.COM. COM ranked first in terms of positions, but Alibaba's total positions (measured by the number of shares) increased the most compared with the previous quarter. However, some funds are still skeptical about the prospects of e-commerce companies, resulting in a decrease in the total investment in Alibaba.
The position report released by well-known investor StevenCohen's hedge fund Point72HongKong at the end of the second quarter shows that at the end of the second quarter, Point72HongKong made a big bargain-hunting and opened a new position in Alibaba. Point72AssetManagement, the parent company of Point72HongKong, was founded on 20 14, formerly known as SAC, the "craziest money-making machine" on Wall Street.
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