Trade view /
21 June 2015 at 23:00 GMT
Japanese telecommunications firm maintains a stake in Chinese online retailing giant Alibaba that is presently equal to the company's entire market capitalisation. This means, essentially, that investors get the rest of the telcom concern for free.
At present, Softbank is well supported around the 7,000 level and as lagged the broader Topix rally by about 45% over the past 18 months. We remain confident of the Japanese macro story, and are bullish on the USDJPY and long Japanese equities.
Softbank share price:
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Source: Bloomberg, Saxo Bank
Softbank five-year chart:
Management and risk description
The key risk here is sideways and/or rangebound trading into the year's end.
Stop: 6,750 (minus 5.9%)
Target: 7,800 (plus 8.8%)
Time horizon: End of 2015.
— Edited by Michael McKenna
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