Daily Brief TMT/Internet: Softbank Group, Paytm, Activision Blizzard, Nearmap Ltd, GoTo, Nitro Software Ltd, NCSOFT Corp, Taiwan Semiconductor (TSMC) - ADR, Paypal Holdings and more - Smartkarma

Softbank Group (SBG) has delivered acceptable Q2/22-23 results. Despite the ample nonaccomplishment connected investments, the institution monetised an adjacent greater magnitude of Alibaba shares to grounds a ample quarterly nett gain. As a result, the fiscal hazard illustration did not deteriorate. LTV was mostly unchangeable q-o-q, improving since March 2022. Liquidity has strengthened, and present covers 4 years of planned enslaved redemptions.

The important indebtedness simplification and acceleration of stock buybacks showed that SBG is trying to equilibrium shareholders’ and creditors’ interests. In the past, SBG appeared much aligned towards shareholders’ interests, with predominant mentions of the stock price’s discount to NAV, arsenic good arsenic ample stock purchases since 2016.