Daiwa Securities Group Inc <8601.T> said on Thursday it will lead-manage an initial public offering in China through a local joint venture, making it the first Japanese brokerage to do so.

Our model estimates Daiwa’s fair value estimate at JPY 800 per share. This is 10.6 times our forecast earnings for the fiscal year ending March 2024 and 0.76 times book value as of September ...

Daiwa Securities Group Inc. lessened its stake in shares of Baidu, Inc. (NASDAQ:BIDU – Free Report) by 14.4% in the fourth quarter, according to the company in its most recent 13F filing with ...

SINGAPORE (Reuters) -- Daiwa Securities SMBC, Japan's second-biggest broker, aims to more than double profit from its foreign businesses by 2012 as its parent announced a 100 billion yen ($807 ...

Daiwa Securities Group Inc. boss Akihiko Ogino said the Japan brokerage won’t be pushing to add staff working on mergers and acquisitions, providing a downbeat assessment on the impact to ...