|Bid||5.26 x 21500|
|Ask||5.33 x 3100|
|Day's range||5.25 - 5.31|
|52-week range||4.49 - 7.56|
|Beta (5Y monthly)||1.26|
|PE ratio (TTM)||4.97|
|Forward dividend & yield||0.34 (6.37%)|
|Ex-dividend date||27 Sep 2019|
|1y target est||9.85|
Sumitomo Mitsui Financial Group Inc will tie up with internet brokerage SBI Holdings in a smartphone service business, the Nikkei newspaper reported on Monday, adding the two firms are expected to reach an agreement this week. SMFG in June will acquire a 20% stake in SBI NeoMobile Securities, a online brokerage specialized for smartphones, which is worth a few billion yen, the Nikkei said. SMFG is also considering a capital tie-up with SBI Holdings, the Nikkei reported.
Saudi Aramco has chosen HSBC and Japan's Sumitomo Mitsui Banking Corporation (SMBC) to coordinate talks with other banks for a loan of about $10 billion the oil giant plans to seek, two sources close to the matter said. The financing would help the company to back its acquisition of a 70% stake in Saudi Basic Industries Corp (SABIC) from Saudi Arabia's Public Investment Fund, a deal worth almost $70 billion, sources told Reuters last week. Aramco did not comment on the choice of banks, but said it continued to review its financial options "as part of its normal course of business, while prudently preserving its pristine balance sheet and its resilience".
Japan's SMFG is the most serious bidder competing for a stake in Indonesia's PT Bank Permata , Slamet Edy Purnomo, a deputy commissioner at Indonesia Financial Service Regulator (OJK), said on Friday. Just two bidders are now vying for the stake in the mid-sized lender which is controlled by Standard Chartered and PT Astra International , who each own a 45% stake, Purnomo told reporters.
Sumitomo Mitsui Financial Group (SMFG) said on Friday it would acquire British asset manager TT International, in a move to generate a fee-based revenue and attract Japanese investors hamstrung by low domestic returns. Japanese banks are turning to asset-based fees to generate a reliable revenue source under Bank of Japan's policy that has kept ultra-low rates for years. Sumitomo Mitsui, Japan's second-largest lender by asset, has decided to buy a foreign asset manager for the first time, the bank said in a statement, adding the transaction is slated to close this financial year.