TSE:4765Capital Markets
SBI Global Asset Management (TSE:4765) Stock Rallies On Profit Growth As Margins Thin
SBI Global Asset Management walked into this earnings day priced for perfection, with the stock at ¥585 and trading on a rich P/E multiple. The immediate share price reaction looked muted compared with what actually landed in the income statement.
The headline is simple. SBI Global Asset Management delivered a powerful net income jump, with trailing 12 month earnings growth far outpacing its own five year trend, while net profit margins softened and the premium valuation stayed intact...