bullish
If Rakuten (4755) Combines Financial Units... Who Wins and How? Well... It's Complicated
938 Views01 Apr 2024 23:11
Rakuten proposes to combine its "fintech" businesses, injecting Securities/Card/Insurance into a listco to succeed Bank. Backdoor listing for Sec/Card, higher ROE for Bank. But there will be overhang.
Boomeranged on Thu, 23 May 2024 23:02
Seven weeks ago, Rakuten announced an effort to restructure itself. Rakuten Bank (RB) would become a holdco for Rakuten Securities, Card, and Insurance. It seemed to garner minimal investor interest. But it could a) double RB equity, b) increase net income at RB by 140%, c) provide Rakuten parent with a huge cash AND equity influx, a capital measure hinted in Q1 earnings a week ago. Worth a look.
SUMMARY
(Sign Up to Access)Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
- Unlock all research summaries
- Follow top, independent analysts
- Receive personalised alerts and emails
- Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.
or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 9-minute read)
Discussions
(Paid Plans Only)
Price Chart(Sign Up to Access)
- Softbank (9984 JP): Arm Headwinds Building, but NAV Discount Is Attractive13 Jul 2024
- Revolut IPO Prospects – Rich Target Valuation Relative to Digital Bank Peers12 Jul 2024
- Rakuten Bank (5838 JP) – The Bank in Current Form and the Promise of FinTech Reorganization11 Jun 2024
- If Rakuten (4755) Combines Financial Units... Who Wins and How? Well... It's Complicated01 Apr 2024
- Rakuten's New "Bond-Type Share" Issuance - Quite Quirky to Quantulate Rakuten's Quisquous New Quoz27 Feb 2024
x