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☆ Hybrids are a transition technology 'far superior' to EVs, analyst says
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHybrids are a transition technology 'far superior' to EVs, analyst saysMio Kato of LightStream Research discusses Toyota's performance and the use cases of electric vehicles and hybrids.

Persons: Mio Kato Organizations: LightStream Research

☆ Fujitsu role in Britain's Post Office scandal could have severe reputational consequences, analysts say
▼ + stars: | 2024-01-23 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

(Photo by Tolga Akmen / AFP) (Photo by TOLGA AKMEN/AFP via Getty Images) Tolga Akmen | Afp | Getty ImagesLONDON — Fujitsu 's role in the U.K. Post Office scandal, dubbed the "most widespread miscarriage of justice" in British history, has analysts wary of what the fallout could look like for the Japanese IT giant. Between 1999 and 2015, a fault with the company's Horizon computer software used by the Post Office, a state-owned private company employing thousands of people across the country, resulted in more than 700 sub-postmasters being subjected to false prosecutions. watch nowIn a statement Thursday, Fujitsu said it regards the matter with the "utmost seriousness and offers its deepest apologies to the sub-postmasters and their families." "Based on the findings of the Inquiry, we will also be working with the UK government on the appropriate actions, including contribution to compensation." A spokesperson for Fujitsu wasn't immediately available for comment when contacted by CNBC.

Persons: Tolga Akmen, TOLGA AKMEN, Akmen, postmasters, Paul Patterson, Patterson, Fujitsu Tim Morse, —, CNBC's, Mio Kato Organizations: subpostmasters, of Justice, Appeal, Getty, Afp, Fujitsu, Post Office, Post, Business, Trade, Asymmetric Advisors, CNBC, Fujitsu wasn't, Treasury, Fujitsu —, ICL, Tokyo Stock Exchange, LightStream Locations: London, AFP, U.K, Japan

☆ UK Post Office scandal: Analyst discusses Fujitsu's reputational costs
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFujitsu reputational costs may be more severe than cost of compensating Post Office victims: AnalystMio Kato, founder of LightStream Research, says Fujitsu may need to increase spending in quality control after Britain's Post Office scandal, pointing to issues in Japan such as those relating to ATM systems and national ID cards.

Persons: Mio Kato Organizations: Fujitsu, LightStream, Britain's Post Locations: Japan

☆ Analyst explains why he hasn't been bullish on Kokusai Electric — Japan's largest IPO since 2018
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst explains why he hasn't been bullish on Kokusai Electric — Japan's largest IPO since 2018Mio Kato, founder of research services firm LightStream Research, says Kokusai Electric's long-term outlook isn't as competitive as companies like Tokyo Electron when it comes to technology.

Persons: Mio Kato, Kokusai Organizations: LightStream Research Locations: Tokyo

☆ Kokusai Electric shares pop 32% on Tokyo debut
▼ + stars: | 2023-10-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

In this photo illustration, Kokusai Electric logo is seen on a smartphone screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty ImagesShares of Japanese semiconductor equipment maker Kokusai Electric saw a strong debut on the Tokyo Stock Exchange on Wednesday. Kokusai Electric is a spin-off from Hitachi Kokusai Electric, a subsidiary of Japanese multinational electronics company Hitachi. He said Kokusai Electric may not be as competitive as its rivals Tokyo Electron or Lasertec , which dominate niche markets in the semiconductor production process. He said applications such as artificial intelligence use logic chips instead of memory chips, which are used in smartphones.

Persons: Pavlo Gonchar, Mio Kato, CNBC's, Mio Kato Lightstream, Kato Organizations: Getty, Kokusai, Tokyo Stock Exchange, Japan Times, Hitachi Kokusai, Hitachi, KKR, Lightstream Research, Tokyo

Operating profit for the fiscal year through August is expected to rise 26% to 374.6 billion yen ($2.52 billion), according to the average estimate of 12 analysts collected by LSEG. The company has forecast 370 billion yen, which would far exceed last year's 297.3 billion yen. Consensus estimates could be underplaying the company's results given the recovery in China, the weak yen, and strong performance in the United States and Europe, said LightStream Research analyst Oshadhi Kumarasiri. "I'm expecting a positive earnings surprise and a strong set of guidance for next year," added Kumarasiri, who publishes on the Smartkarma platform. Fast Retailing's shares are up 22% in 2023, about even with the gain in the benchmark Nikkei index (.N225).

Persons: Tadashi Yanai, Oshadhi Kumarasiri, I'm, Daisuke Tsukagoshi, Uniqlo, Yanai, Rocky Swift, Varun Organizations: Retailing, Japan's, Forbes, Nikkei, Thomson Locations: TOKYO, China, United States, Europe, doldrums, North America

☆ VinFast aims to sell up to 50,000 EVs in 2023 — but it has only hit 23% of its target so far
▼ + stars: | 2023-09-28 | by ( Sheila Chiang | ) www.cnbc.com time to read: +5 min

Lisa Baertlein | ReutersVietnamese electric vehicle maker VinFast's ambitious plan to deliver as many as 50,000 vehicles this year is "unrealistic," according to one analyst. VinFast said it expects to deliver 40,000 to 50,000 vehicles in 2023 despite a weak global economy. In April, Green SM launched a pure EV taxi service in Vietnam with VinFast models. "VinFast's ambitious EV plan seems unrealistic. For example, VinFast's VF9 model is priced from $83,000 whereas the Tesla Model X is priced from $68,590 after federal tax credit and gas savings.

Persons: Lisa Baertlein, VinFast, Vingroup, Green, David Byrne, Tesla, XPeng, Lê Thị Organizations: Reuters, Smart Mobility, Green SM, EV, LightStream Research, P Global Mobility, CNBC, Nasdaq, Our U.S, Tesla Locations: Los Angeles, Vietnam, U.S, North America, Europe, Asia, Middle East, Our, North Carolina

☆ We're 'exceedingly bullish' on Japan's stock market in the long term, research firm says
▼ + stars: | 2023-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're 'exceedingly bullish' on Japan's stock market in the long term, research firm saysMio Kato, founder of LightStream Research, says, on the other hand, that "people are perhaps a little bit over-excited and expecting too much too soon" in the short term.

Persons: Mio Kato Organizations: LightStream

☆ Arm's valuation will be the main focus for investors, analyst says
▼ + stars: | 2023-08-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArm's valuation will be the main focus for investors, analyst saysMio Kato, founder of LightStream Research, discusses Arm's filing for a Nasdaq listing on Monday. The chip designer is owned by Japan's SoftBank.

Persons: Mio Kato, Japan's SoftBank Organizations: LightStream Research

☆ Toshiba tender offer: Not much expectation for the price to be raised, says research firm
▼ + stars: | 2023-08-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailToshiba tender offer: Not much expectation for the price to be raised, says research firmMio Kato, founder of LightStream Research, discusses the $14 billion tender offer, led by Japan Industrial Partners, to take Toshiba private.

Persons: Mio Kato Organizations: Toshiba, LightStream Research, Japan Industrial Partners

☆ What people are saying about Ant Group's $984 mln fine and share buyback
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +3 min

July 10 (Reuters) - China's Ant Group has announced a surprise share buyback that values the fintech giant at $78.5 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may let some investors exit. "And second, of course, we're talking about the share buyback plan. DICKIE WONG, EXECUTIVE DIRECTOR AT KINGSTON SECURITIES IN HONG KONG:"Their share prices have strongly rebound today mainly driven by the expectation that regulatory pressure from mainland government will ease. Ant Group is on the right track to achieve their final target of an IPO." According to the company, the reason for the buyback is providing liquidity to existing investors and attracting and retaining talented individuals through employee incentives.

Persons: GARY NG, KENNY NG, DICKIE WONG, SUMEET SINGH, Xie Yu, Yantoultra, Scott Murdoch, Anne Marie Roantree, Jamie Freed Organizations: Alibaba, HK, ASIA PACIFIC, CHINA, HONG, People's Bank of, Ant Group, KINGSTON, SINGAPORE WHO, Thomson Locations: HONG KONG, People's Bank of China, SINGAPORE, COLOMBO, Hong Kong, Singapore, Sydney

☆ Alibaba shares rise after Chinese regulators fine Ant Group, ending regulatory uncertainty
▼ + stars: | 2023-07-10 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

"We calculate that Ant Group would be worth $89 billion~ of which Alibaba's stake is $29.4 billion~ given their 33% ownership in Ant Group. We suggest such valuation presents upside from consensus," said Yang, referring to Bloomberg's valuation of Ant Group at just $22 billion to $57 billion. "In our view, [Bloomberg's] valuation range is too low, as Ant Group is comparable to PayPal. On Saturday, Ant Group announced a share buyback that values the company at $78.53 billion, according to state media CGTN. This is lower than Ant's $315 billion valuation when it tried to list in 2020.

Persons: Qilai Shen, Alibaba, Ronald Wan, CNBC's, Wan, Shawn Yang, Ant, Yang, Kumarasiri Organizations: Bloomberg, Getty, LightStream Research, Partners Financial Holdings, Ant, Blue Lotus Research, Ant Group, PayPal, Group Locations: Hong Kong, China

HONG KONG, July 10 (Reuters) - Alibaba Group (9988.HK) and Tencent (0700.HK) shares rose in Hong Kong on Monday after China's $984 million fine against the Jack Ma-founded Ant Group appeared to signal the end of a regulatory crackdown on the country's technology sector. Alibaba's Hong Kong-listed shares were up nearly 4% by 0230 GMT on Monday, outpacing a 1.3% gain for the broader market (.HSI), while Tencent's shares were up 1%. ANT GROUP VALUATION SLASHEDAlibaba, which spun off Ant 11 years ago and has a 33% stake, said on Sunday it was considering whether to participate in the buyback. Alibaba's U.S.-listed shares rose 8% on Friday after the penalty, one of the largest-ever fines for an internet company in China, was delivered. ($1 = 7.2310 Chinese yuan renminbi)Reporting by Scott Murdoch in Sydney and Donny Kwok in Hong Kong; Editing by Anne Marie Roantree, Muralikumar Anantharaman and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Jack Ma, Ant, Dickie Wong, Oshadhi Kumarasiri, Scott Murdoch, Donny Kwok, Anne Marie Roantree, Muralikumar Anantharaman, Jamie Freed Organizations: Alibaba, HK, Ant, People's Bank of China, Kingston Securities, Thomson Locations: HONG KONG, Hong Kong, Beijing, Alibaba's U.S, China, Sydney

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). Here are the steps to take to get a personal loan:Insider's Featured Personal Loan Companies LightStream Personal LoanMarcus Personal LoanSoFi Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Fees 4.75/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Fees 4.25/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Fees 4/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Apply now On LightStream's website Apply now On Goldman Sachs' website Apply now On SoFi's website1. Understand the two main types of personal loansThere are two types of personal loans: secured and unsecured. Get your paperwork in orderOne of the most challenging parts of getting a personal loan is the amount of documentation required.

Persons: —, Gabe Krajicek, Krajicek, Priyanka Prakash, Goldman Sachs, it's, Tabitha Mazzara Organizations: Service, Bank of America, Citibank, MBANC Locations: Wells

See Insider's picks for the best personal loans >>Compare Personal Loan RatesHere's how you can get approved for a $20,000 loan from a credit union, bank, or online lender. $20,000 loan offersThere are plenty of personal loan options out there for folks shopping around for a good deal on a $20,000 loan. You can take out a loan as low as $5,000 and as high as $100,000, so a $20,000 loan is more than doable with SoFi. How to get a $20,000 loan FAQsHow much would a $20,000 loan cost per month? The monthly cost of a $20,000 loan can vary greatly based on the annual percentage rate (APR) and the terms of your loan.

Persons: —, It's, You'll, you'll, SoFi, Wells Organizations: Service, Social, National Credit Union Administration, Wells Fargo, Wells, PenFed Credit, Avant, Chevron Locations: Wells Fargo, Massachusetts , Ohio, New Mexico, Georgia

Credit score and history: Your credit score and history are key to getting your loan approved for a personal loan. How to qualify for a $10,000 loan with bad creditA good credit score is essential when getting approved for a $10,000 loan. $10,000 loan offersIf you're looking to take out a $10,000 loan, here are some lenders worth considering:LightStream is best for borrowers with excellent credit scores, but you can still qualify with a score as low as 660. How to get a $10,000 loan FAQsHow much would a $10,000 loan cost per month? The cost per month for a $10,000 loan can vary greatly based on the regular annual percentage rate (APR) and the terms of your loan.

Persons: —, you've, They're, LightStream, SoFi, Avant Organizations: Service, Social, National Credit Union Administration, SoFi, PenFed Credit, Avant, Chevron Locations: prequalification, Massachusetts , Ohio, New Mexico, Georgia

See Insider's picks for the best personal loans >>Compare Personal Loan RatesHow to get a $5,000 loanYou'll need to meet some lender qualification requirements before you can be approved for a $5,000 loan. How to qualify for a $5,000 loan with bad creditCredit scores are key in determining whether or not you'll be able to pay back your loan. Insider's Featured Personal Loan Companies LightStream Personal LoanMarcus Personal LoanSoFi Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. How to get a $5,000 loan FAQsHow much would a $5,000 loan cost per month? The monthly cost of a $5,000 loan can vary greatly based on the regular annual percentage rate (APR) and the terms of your loan.

Persons: —, You'll, they'll, Goldman Sachs, Avant, you've Organizations: Service, Social, National Credit Union Administration, PenFed Credit, Chevron Locations: Massachusetts , Ohio, New Mexico, Georgia

TOKYO, June 6 (Reuters) - Japan's Nikkei index extended its climb to scale a near 33-year high on Tuesday, with trading houses and Uniqlo operator Fast Retailing leading the gains on technical support for heavyweight shares ahead of the fixing of special quotation prices. The Nikkei (.N225) recouped from early losses to close nearly 1% higher at 32,506.78. Shares of Fast Retailing (9983.T) climbed 1.73%, contributing the most to the Nikkei's advance, while trading company Mitsui & Co (8031.T) jumped 3.86%. Trading houses (.IWHOL.T) and mining companies (.IMING.T) led gains among the 33 industry sub-indexes on the Tokyo Stock Exchange, rising 2.5%. read moreReporting by Rocky Swift and Nobuyo Saito in Tokyo; Editing by Rashmi Aich and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Persons: speculatively, Takashi Nakamura, Mio Kato, Nitto Denko, Rocky Swift, Nobuyo Saito, Rashmi Aich, Sherry Jacob, Phillips Organizations: Nikkei, Tokai Tokyo Research, Retailing, Mitsui & Co, Mizuho Financial Group, LightStream, Tokyo Stock Exchange, Apple, Thomson Locations: TOKYO, Japan, Tokyo

☆ Sony eyes finance unit listing, doubles down on entertainment
▼ + stars: | 2023-05-18 | by ( Sam Nussey | ) www.reuters.com time to read: +3 min

Sony said it is considering a time frame of two to three years to spin off Sony Financial Group - whose operations include life insurance and banking - with an eye to listing the business and retaining a stake of slightly under 20%. The conglomerate is pursuing synergies between its business lines, which include video games, music and movies. A partial spin-off of Sony Financial, which the group said was made possible by changes in tax rules, would allow the newly listed business to retain Sony branding. The finance business reported a 5% fall in revenue to 1.45 trillion yen ($10.74 billion) in the year ended March. Sony CEO Kenichiro Yoshida said he recently watched the movie in Tokyo and used to play "Super Mario" too.

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). Our Experts for the Best Personal Loans With No Origination FeesWe consulted personal loan and financial experts to give their insights into finding the best personal loans with no origination fees. Personal Loan With No Origination Fees Frequently Asked QuestionsCan you get a personal loan without an origination fee? How to Choose the Best Personal Loan With No Origination FeesTo select the best personal loan for you, look at the factors that are most important to you. Methodology: How we chose the best personal loans without origination feesWe rate all personal loan products in our reviews and guides on a 1-5 scale.

Other investors who have held Toshiba longer may not be so lucky: the offer price represents a 15% discount from a December 2014 high. Some were introduced to JIP by Toshiba's management, some of the people said, declining to be identified because the information is not public. Toshiba's management, including CEO Taro Shimada, will stay on, while the government keeps Toshiba's sensitive defence and nuclear technologies in Japanese hands. Toshiba felt stable shareholders were desirable to end the tumult, unlike current shareholders "with many differing views", it said. JIP does not see the need for big strategy adjustments, Toshiba said.

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). Our Experts for the Best Personal Loans With No Origination FeesWe consulted personal loan and financial experts to give their insights into finding the best personal loans with no origination fees. See our full ratings methodology for personal loans »Best personal loans without origination fees LightStream Personal LoanSoFi Personal LoanDiscover Personal LoanWells Fargo Personal LoanPenFed Credit Union Personal LoanUSAA Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Personal Loan With No Origination Fees Frequently Asked QuestionsCan you get a personal loan without an origination fee? How to Choose the Best Personal Loan With No Origination FeesTo select the best personal loan for you, look at the factors that are most important to you.

☆ Record-high credit card debt outpaces savings for nearly one-third of the country — here's what you can do
▼ + stars: | 2023-02-25 | by ( Elizabeth Gravier | Jason Stauffer | ) www.cnbc.com time to read: +7 min

Here's what credit cardholders with debt can doThe following advice can help set you on the path toward solvency if you feel you're drowning in credit card debt. Transfer debt to a balance transfer credit card If you're carrying a credit card balance month to month that you just can't pay off, your first priority should be putting a halt to the interest it's accruing. And, once you can pause the interest accrual on your credit card, you can then also focus on growing your savings. Consolidate debt with a personal loan Those with credit card debt may want to also think about taking out a personal loan to consolidate their debt into one monthly payment. Bottom lineIf you're struggling under the burden of credit card debt, you're far from alone.

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). As Marcus is no longer accepting new loan applications as a result of its decision to shutter its personal loan business, Marcus is best for existing customers who already have a loan with the company. Marcus Personal Loan DetailsMarcus personal loan amounts range from $3,500 to $40,000 and can be repaid over three to six years, depending on the agreement you strike with the lender. Currently, Marcus is accepting personal loan applications by invitation only, so it is significantly harder to get a Marcus personal loan than in the past. How Marcus Personal Loans Compare Side-by-side snapshot Marcus Personal LoanSoFi Personal LoanLightStream Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

If the 3.5 million Americans taking out loans had bad credit, that difference in interest rate would cost them a cumulative $93 billion. See Insider's picks for the best personal loans »Insider's Featured Personal Loan Companies LightStream Personal LoanMarcus Personal LoanSoFi Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. The cost of borrowing money with bad credit adds up fastWe don't know exactly how many borrowers have good and bad credit, so there's no way to be sure how much more Americans with bad credit are paying on the whole. In other words, bad credit could mean Americans would cumulatively pay as much as $93 billion extra this year. A recent Credit Sesame survey of 5,000 adults in the United States also found Black and Hispanic Americans had lower average credit scores than white Americans.

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