Streetbeat News

DSECF

Daiwa Securities Group Inc

http://www.daiwa-grp.jp/

CEO

Seiji Nakata

Industry

Securities Brokerage

Open

6.64

Mkt cap

10B

Volume

200

High

7.05

P/E Ratio

9.28

52-wk high

7.91

Low

6.49

Div yield

0.05

52-wk low

6.49

Hong Kong and China stocks closed lower due to weak consumer sentiment and property market concerns. Alibaba (BABA) and Tencent (TCEHY) fell more than 3% due to weak consumption demand. JD.com (JD) dropped 10% after Citigroup (C), Daiwa Securities (DSECF), and Jefferies Financial (JEF) cut price and revenue targets for the company. Morgan Stanley (MS) revised its estimates for the Hong Kong property market, downgrading Wharf Holdings (WARFF) and the overall property market. Sino-Ocean Group (SIOLY) defaulted on its bond repayments, while Country Garden Holdings (CTRYF) and Sunac China Holdings (SNCNQ) also fell. Didi Global (DIDIY) is planning a Hong Kong Stock Exchange listing.

Portfolio Pulse from Daniel Harrison

October 13, 2023 | 5:45 pm

Daiwa Securities Group has allowed nearly 9,000 employees in Japan to use AI-powered chatbot ChatGPT, aiming to streamline retail business and improve efficiency. Other financial institutions, such as Deutsche Bank, JP Morgan, Softbank Group, and Mitsubishi UFJ Financial Group, are also exploring AI applications.

Portfolio Pulse from Anusuya Lahiri

June 05, 2023 | 11:42 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.